ALBUQUERQUE (December 11) -- Roadrunner Venture Studios today announced a long-term strategic partnership with Nokia Bell Labs and America’s Frontier Fund (AFF) to establish a venture studio in New Jersey. The studio will be Roadrunner’s second after the launch of its New Mexico facilities earlier this month. This new studio will build on nearly a century of Nobel Prize-worthy inventions under Bell Labs leadership.

“The legacy of scientific discovery and innovation at Bell Labs helped inspire our mission to create disruptive companies from scientific breakthroughs," said Roadrunner co-founder Adam Hammer. "Together, we will build a premier venture studio on that legacy by bringing to market remarkable companies emerging out of this iconic American research institution.”

“No breakthrough founder can compete in today’s startup environment without great ideas and exceptional support,” said Roadrunner board member Evan Loomis. “This partnership between Roadrunner and Nokia is a founder’s dream, uniting Bell Lab’s iconic ideas engine with our company creation foundry. The resulting studio’s cradle to exit services will produce new era-redefining technology.”

“With the Nokia partnership today, Roadrunner extends its reach from the Southwest to the East Coast, becoming the first nationwide network of venture studios,” said President of AFF and Roadrunner board member Jordan Blashek. “With access to AFF’s network and resources, these studios will provide a new and needed pathway for ideas to go from lab to launch, concept to company.”

Roadrunner Venture Studios officially launched on December 5 with the Roadrunner Technology Forum held at the Wool Warehouse Theater in downtown Albuquerque. Leadership from Roadrunner’s partner, America’s Frontier Fund, as well as the New Mexico State Investment Council, Playground Global, Khosla Ventures, and Prelude Ventures all participated.

To date, Roadrunner has three portfolio companies, each innovating in critical sectors including advanced manufacturing, clean technology, and biotechnology. Roadrunner provides companies with a suite of services ranging from access to experienced advisors, customer discovery, product roadmapping, engineering support, legal services, HR and recruiting leadership, fundraising support, and lab and office space.

Nokia Bell Labs is a world-renowned idea factory. For nearly 100 years, its scientists have produced ten Nobel Prizes as well as the world’s first transistor, solar cells, and cellular technologies.

About Roadrunner Venture Studios

Roadrunner Venture Studios is a company creation factory. We are building a nationwide network of venture studios to advance U.S. economic competitiveness and national security. Roadrunner co-founds breakthrough deep-tech ventures with the nation’s most brilliant scientists, engineers, and innovators. Our team gets involved at the earliest possible moment — often when a company is just a whiteboard scribble or a concept modeled in wire-frame and rapidly accelerates product development, commercialization, and recruitment. We are the ultimate company “starter-kit,” equipping our portfolio companies with everything they need to go from the kernel of an idea to a venture-backed company. Our founders leave Roadrunner studios with a company, a check, a customer, and a team.

About America’s Frontier Fund

America's Frontier Fund (AFF) focuses on maintaining U.S. leadership in science, technology, innovation, and manufacturing. AFF generates new companies via Roadrunner Venture Studios, funds early-stage ventures through its venture Frontier Fund, and partners with its allies through the Quad Investors Network. AFF’s core emphasis is on artificial intelligence, advanced communications, advanced manufacturing, synthetic biology, energy, microelectronics, and other crucial, emerging technologies shaping the future.

About Nokia

At Nokia, we create technology that helps the world act together.

As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today — and work with us to create the digital services and applications of the future.

Media Contact: John Rich, john@touchdownstrategies.com

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