New cycle for startups kicks in

A troubled economy inspires people to have a few more irons in the fire or at least to begin considering some alternatives.

In Los Alamos, it’s time for entrepreneurs and inventors to step forward and catch one of the next available waves for start-up business development.

“But what exactly do you want to do?” asked John “Grizz” Deal, a serial entrepreneur and CEO of Hyperion Power Generation.

Hyperion is raising funds for mass-producing its transportable nuclear power generator, but every company is different.

“Are you a product company?” Deal asked a couple of dozen residents at a lunch Thursday at the Hilltop House, sponsored by Technical Ventures Corporation (TVC). “Do you want to license a portfolio?  Are you a collaborative or a stand alone? Do you need capital or just a bank loan?”

Deal is one of a number of entrepreneurs who have benefited from what amounts to a free boost from TVC, the Albuquerque nonprofit with a track record for getting new businesses off the ground.

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