Working to Advance Economic Development in Northern New Mexico Since 1997

18 Sep

RFP: Native American Venture Acceleration Fund

The Regional Development Corporation in partnership with the Los Alamos National Laboratory and Los Alamos National Security, LLC seeks to further the development of tribally held businesses in Northern New Mexico as a way of creating jobs and diversifying the economy.

 

Purpose:  The Native American Venture Acceleration Fund will make awards to companies owned by a federally recognized Indian tribe or businesses owned by an enrolled member(s) of a federally recognized Indian tribe for critical technical services that lead to increased revenues and employment for the company.  Awards are made on a competitive basis and are intended to provide services to tribal business entities that allow the company to diversify revenue, leverage other investments, create new jobs and have systems in place that lead to growth.

 

Award Size$1,000 Up to $20,000

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18 Sep

RFP: Native American Venture Acceleration Fund

The Regional Development Corporation in partnership with the Los Alamos National Laboratory and Los Alamos National Security, LLC seeks to further the development of tribally held businesses in Northern New Mexico as a way of creating jobs and diversifying the economy.

 

Purpose:  The Native American Venture Acceleration Fund will make awards to companies owned by a federally recognized Indian tribe or businesses owned by an enrolled member(s) of a federally recognized Indian tribe for critical technical services that lead to increased revenues and employment for the company.  Awards are made on a competitive basis and are intended to provide services to tribal business entities that allow the company to diversify revenue, leverage other investments, create new jobs and have systems in place that lead to growth.

 

Award Size:  $1,000 Up to $20,000

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19 May

Six northern New Mexico businesses awarded funds to boost growth

Six northern New Mexico businesses awarded funds to boost growth

Venture Acceleration Fund awards companies from Rio Arriba, Santa Fe and San Miguel Counties

LOS ALAMOS, N.M., May 18, 2017—The Venture Acceleration Fund awarded a round of funding to six diverse northern New Mexico businesses. The VAF is a collaborative investment administered by the Regional Development Corporation (RDC).

“The Laboratory wants to support the region’s small businesses as much as possible, and the VAF plays a critical role in helping companies on a growth trajectory expand and contribute to the broader economy,” said David Pesiri, director of the Richard P. Feynman Center for Innovation at Los Alamos National Laboratory, which is responsible for the Lab’s technology transfer initiatives.

The VAF was established in 2006 by Los Alamos National Security, LLC to stimulate the economy by supporting growth-oriented companies. This year, partners who invested alongside LANS include the City of Santa Fe, Los Alamos County, New Mexico Manufacturing Extension Partnership, Santa Fe County and New Mexico Gas Company in addition to continued support from Century Bank.

“Each year the VAF application process draws more and more qualified companies,” said Kathy Keith, director of Community Partnerships at Los Alamos National Laboratory. “This year, we’re proud to support these six awardees with capital that will allow them to grow and add new jobs more quickly.”

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19 May

Six Northern New Mexico Businesses Awarded Funds to Boost Growth

Venture Acceleration Fund awards companies from Rio Arriba, Santa Fe and San Miguel Counties

LOS ALAMOS, N.M., May 18, 2017—The Venture Acceleration Fund awarded a round of funding to six diverse northern New Mexico businesses. The VAF is a collaborative investment administered by the Regional Development Corporation (RDC).

“The Laboratory wants to support the region’s small businesses as much as possible, and the VAF plays a critical role in helping companies on a growth trajectory expand and contribute to the broader economy,” said David Pesiri, director of the Richard P. Feynman Center for Innovation at Los Alamos National Laboratory, which is responsible for the Lab’s technology transfer initiatives.

The VAF was established in 2006 by Los Alamos National Security, LLC to stimulate the economy by supporting growth-oriented companies. This year, partners who invested alongside LANS include the City of Santa Fe, Los Alamos County, New Mexico Manufacturing Extension Partnership, Santa Fe County and New Mexico Gas Company in addition to continued support from Century Bank.

“Each year the VAF application process draws more and more qualified companies,” said Kathy Keith, director of Community Partnerships at Los Alamos National Laboratory. “This year, we’re proud to support these six awardees with capital that will allow them to grow and add new jobs more quickly.”

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21 Feb

CALL FOR PROPOSALS: VENTURE ACCELERATION FUND (VAF) NOW ACCEPTING 2017 APPLICATIONS

Española, New Mexico, February 21, 2017 – Applications are now being accepted for the Venture Acceleration Fund (VAF) from Northern New Mexican technology and manufacturing firms. Applications for the 2017 calendar year are due March 31st to the Regional Development Corporation (RDC), the program’s administrator. Selected companies will receive financial awards to assist in taking their innovations to market more quickly. The median award amount has averaged $36,000.

 

“This is the eleventh year that Los Alamos National Security, the company that manages the Laboratory, will invest in northern New Mexico companies and entrepreneurs,” said Kathy Keith, director of Los Alamos National Laboratory Community Partnerships Office. “We’re excited to be able to continue this program in 2017 because it has assisted many of our small businesses in Northern New Mexico at critical junctures.”

 

“The VAF has been a key source of seed financing for early-stage technology and manufacturing startups in the region, and has helped create and retain more than 488 jobs since the program launched in 2006,” said Val Alonzo, Executive Director of the RDC.

 

History

Los Alamos National Security, LLC (LANS) launched the VAF in 2006. Since then, the VAF program has assisted 60 New Mexico companies through marketing and technology development activities such as proof-of-concept, prototyping, developing market share, product launching or leveraging funding. This year LANS remains the primary funder, with additional funding from the City of Santa Fe, Santa Fe County, Los Alamos County, and the New Mexico Manufacturing Extension Partnership.

 

Eligibility

To be eligible to apply for VAF, companies must be headquartered in one of seven northern New Mexico counties—Los Alamos, Santa Fe, Sandoval, Rio Arriba, Taos, San Miguel and Mora. Preference is given to technology and manufacturing firms that can demonstrate their ability to stimulate job growth and attract additional revenue to the region. To accommodate the increasing number of applicants, past VAF awardees are not be eligible to reapply.

 

Structure

The VAF award is structured with repayment required only if a company is acquired, leaves New Mexico, or fails to provide mutually agreed-upon support to northern New Mexico’s start-up community. The repayment trigger was instituted in 2013 to help make the fund sustainable and support future entrepreneurs.

 

This year, workshops on Market Strategy, Finance for Startups, and Pitch will be offered in March to help businesses address application issues most commonly cited by VAF review committee members. VAF applications are reviewed by a panel comprised of entrepreneurs, investors and economic development professionals. Those companies not selected for a VAF award are often connected with other resources that can help them meet their goals.

 

More information about the Venture Acceleration Fund, including the VAF application, terms and conditions, eligibility criteria, and workshop schedule are found at www.vafnm.org.

 

About the Venture Acceleration Fund (VAF)
The VAF is a collaborative investment established by Los Alamos National Security, LLC (LANS) in 2006. This year LANS, along with funding partners Los Alamos County, the City of Santa Fe, Santa Fe County, and the New Mexico Manufacturing Extension Partnership (MEP) are investing in the economic health of New Mexico via their support of growth-oriented companies. The fund is administered by the Regional Development Corporation of Española, New Mexico. Visit www.vafnm.org.

 

About the Regional Development Corporation (RDC)

The Regional Development Corporation is a non-profit economic development organization based in Española, New Mexico, focused on creating a diverse and sustainable economy in northern New Mexico. Visit www.rdcnm.org.

 

02 Feb

Two regional businesses receive Native American Venture Acceleration Fund award

Investing in Northern New Mexico’s economy through jobs, new revenue

LOS ALAMOS, N.M., Feb. 2, 2017—Two Northern New Mexico Native American-owned and -operated businesses received $30,000 in grants through a Native American Venture Acceleration Fund created by Los Alamos National Security, LLC (LANS) and the Regional Development Corporation (RDC).

“These investments create jobs for pueblo-owned businesses and help strengthen the area’s economy,” said Kathy Keith, Los Alamos’ Community Partnerships director.

To date, more than $280,000 has been invested in the northern area regional economy through the Native American Venture Acceleration Fund. Funding comes from LANS, which manages Los Alamos National Laboratory. The Regional Development Corporation manages the Native American Venture Acceleration Fund.

This year’s grant recipients are:

  • High Water Mark, LLC, Cochiti Pueblo: to purchase software and equipment that will enable the company to competitively bid for national federal contracts.
  • Picuris Pueblo Bison Project, Picuris Pueblo: equipment for expansion of the Bison Project, which has enabled the return of bison to the land.

“It’s always a pleasure to see the proposals from businesses that we have worked with. The growth this year’s winners are experiencing is very encouraging,” said Val Alonzo, RDC Executive Director. Continue Reading

18 Nov

Five Northern New Mexico Businesses Awarded Funds To Spur Economic Growth

Five Northern New Mexico Businesses Awarded Funds To Spur Economic Growth

Companies From Los Alamos, Mora, Rio Arriba, Santa Fe and Taos Awarded

Española, N.M., May 18, 2016— Five Northern New Mexico businesses have been named winners of this year’s Venture Acceleration Fund (VAF) awards. Funded primarily by Los Alamos National Security, LLC (LANS) and administered by the Regional Development Corporation (RDC), these awards are a collaborative investment with a shared goal of adding jobs and revenue to northern New Mexico.

“The success of the region depends in large part on the strength of its small businesses,” said David Pesiri, director of the Richard P. Feynman Center for Innovation at Los Alamos National Laboratory, which is responsible for the Lab’s technology transfer initiatives. “The VAF plays a critical role in helping innovative companies grow and contribute to the broader economy.”

The 2016 awardees are EcoPesticides, Mora Valley Woodworking of Mora, Southwest PPE Services, Taos Mesa Brewing, and Tibbar Plasma Technologies.

Kathy Keith, Los Alamos’ director of Community Relations and Partnerships, stated, “LANS has supported the VAF for 10 years now because of its commitment to the community and its strong belief that supporting local businesses helps not just the businesses themselves, but the region as a whole.”

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26 Oct

Two Additional Northern New Mexico Businesses Receive VAF Awards In Second Disbursement of 2016

Two Additional Northern New Mexico Businesses Receive VAF Awards In Second Disbursement of 2016

Companies From Los Alamos, Mora, Rio Arriba, Santa Fe and Taos Awarded

Española, N.M., October 26, 2016—The Venture Acceleration Fund (VAF) awarded a second round of funding, resulting in two additional awards to Santa Fe-based companies:

  • NTxBIO, Santa Fe: manufacturer of biologically significant molecules with pharmaceutical market potential in both private industries and government.
  • Reverse Engineer Lab, Santa Fe: developer of reverse mortgage educational software with licensing capabilities that will help homeowners make informed decisions about using home equity in retirement.

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18 Jul

Northern New Mexico’s Venture Acceleration Fund Boosted By Full Award Payback From Flow Science of Santa Fe

Flow Science, a 2014 VAF winner, pays back $50,000 award to support Northern New Mexico businesses

Española, N.M., July 15, 2016—The VAF awards are a collaborative investment with a shared goal of adding jobs and revenue to northern New Mexico, recognized by the International Economic Development Council (IEDC) with the 2014 Award of Excellence for Entrepreneurship. Structured as a zero-interest loan with payback only required when a company meets certain revenue goals, is acquired or moves out of state, the VAF has just received its second payback from Flow Science, Inc. of Santa Fe. The first repayment occurred in 2014 from Titan Aerospace when the company was acquired, after the payback trigger was implemented in 2013.

“The funding my company received through the Venture Acceleration Fund program was instrumental in furthering our technology extension objectives and spurring further business growth,” stated Flow Science president Thomas Jensen. “We are thankful to Los Alamos National Security and Kathy Keith, who manages the Community Commitment Plan’s economic development investments.”

In a letter to the Regional Development Corporation (RDC) that accompanied the $50,000 payback check, Jensen noted that Flow Science paid its award forward to “benefit other regional businesses that might be in a position to expand their research and development efforts via the VAF.” Flow Science was not yet required to pay its award back, but chose to do so earlier than the timeline outlined in the award agreement. Jensen also noted his thanks to the Richard P. Feynman Center for Innovation at the Laboratory for technical assistance provided, and to Val Alonzo, business expansion and retention specialist at the RDC for his ongoing guidance and support to the company.

“This is an example of the amazing things that happen when we focus on relationships and provide the very best services possible to assist companies,” said Liddie Martinez, executive director of the RDC. “We are grateful that Flow Science sees the value of the VAF program and is eager to pay it forward to help other Northern New Mexico businesses.”

Headquartered in Santa Fe, Flow Science has been growing steadily and now employs 65 worldwide with 32 based locally. The company’s computational fluid dynamics (CFD) solutions allow commercial, academic, and government researchers all over the world to accurately model physical processes across a broad range of applications including water and environmental, coastal and maritime, metal casting, manufacturing, microfluidics, biotech, consumer products and energy. The company recently launched a new subsidiary, Flow Science Latin America SAS in Bogotá, Colombia, to support its suite of products throughout Latin America.

The VAF was established in 2006 by Los Alamos National Security, LLC (LANS), the company that manages Los Alamos National Laboratory, to stimulate the economy by supporting growth-oriented companies. Since then, the VAF program has assisted 61 New Mexico companies through marketing and technology development activities such as proof-of-concept, prototyping, developing market share, product launching or leveraging funding. In addition to LANS, other 2016 funders include the City of Santa Fe, Los Alamos County, New Mexico Manufacturing Extension Partnership, Santa Fe County, and Century Bank.

About the Venture Acceleration Fund (VAF)
The VAF is a collaborative investment established by Los Alamos National Security, LLC (LANS) in 2006. This year LANS, along with City of Santa Fe, Los Alamos County, New Mexico Manufacturing Extension Partnership (MEP), Santa Fe County and Century Bank are investing in the economic health of New Mexico via their support of growth-oriented companies. The fund is administered by the Regional Development Corporation of Española, New Mexico. Learn more at www.vafnm.org.

About the Regional Development Corporation
The Regional Development Corporation is a non-profit economic development organization based in Española, New Mexico with the mission of creating jobs and attracting additional revenue to the northern New Mexico region. Learn more at www.rdcnm.org.

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15 May

Five Northern New Mexico Businesses Awarded Funds To Spur Economic Growth

Companies From Los Alamos, Mora, Rio Arriba, Santa Fe and Taos Awarded

Española, N.M., May 18, 2016— Five Northern New Mexico businesses have been named winners of this year’s Venture Acceleration Fund (VAF) awards. Funded primarily by Los Alamos National Security, LLC (LANS) and administered by the Regional Development Corporation (RDC), these awards are a collaborative investment with a shared goal of adding jobs and revenue to northern New Mexico.

“The success of the region depends in large part on the strength of its small businesses,” said David Pesiri, director of the Richard P. Feynman Center for Innovation at Los Alamos National Laboratory, which is responsible for the Lab’s technology transfer initiatives. “The VAF plays a critical role in helping innovative companies grow and contribute to the broader economy.”

The 2016 awardees are EcoPesticides, Mora Valley Woodworking of Mora, Southwest PPE Services, Taos Mesa Brewing, and Tibbar Plasma Technologies.

Kathy Keith, Los Alamos’ director of Community Relations and Partnerships, stated, “LANS has supported the VAF for 10 years now because of its commitment to the community and its strong belief that supporting local businesses helps not just the businesses themselves, but the region as a whole.” Continue Reading

Working to Advance Economic Development in Northern New Mexico Since 1997