The VAF is the only non-dilutive local source of seed financing for very early stage technology startups in northern New Mexico. The funding fills a unique niche in that it supports companies that lack collateral for debt financing and are not ready for Angel or Venture Capital funding.
VAF applicants and awardees receive assistance from a variety of business expansion, retention and market intelligence programs from New Mexico Small Business Assistance Program (NMSBA), Los Alamos National Laboratory (LANL) and the Regional Development Corporation (RDC). Visit www.vafnm.org.
The Fund was created to boost employment and diversify the economy in Northern New Mexico, and makes awards annually up to $25,000 to tribally owned companies for critical technical services that lead to leveraged revenue, job creation and diversification.
Los Alamos National Security, LLC, the company that manages Los Alamos National Laboratory (LANL) and the Regional Development Corporation (RDC) established the fund in 2011 as part of their investment in the Northern New Mexico economy. Learn more about the NAVAF.
Launched in 2012, the Northern New Mexico 20/20 Campaign aims to recognize at least 20 high-growth companies in the region before the year 2020. These are the job creators for Northern New Mexico. To date, 25 companies have been recognized as the innovators of our region. Visit www.nnm2020.org.
The REDI Strategic Plan, completed in 2008, is a long-term, 25-year plan for economic development in the region. We have made significant progress in implementing aspects of the plan including a $74 million REDINet regional broadband initiative, Economic Development Services, Cluster Strategies, and a Public-Private Partnership to sustain the effort. Visit www.NNMREDI.org.
Six northern New Mexico colleges, Los Alamos National Laboratory (LANL), and the New Mexico Regional Development Corporation (RDC) are collaborating to graduate more technical career students, place them in jobs, and better prepare them for career and educational advancement.
The Technical Training and Job Placement program, known as Accelerate, focuses on transitional workers with retraining needs and non-traditional students enrolled in technical certificate and 2-year degree programs. Accelerate offers an innovative approach to increase technical degree completion, professional readiness, and job placement.