Working to Advance Economic Development in Northern New Mexico Since 1997

11 Jun

Seven Northern New Mexico Businesses Awarded Funds to Boost Growth

Seven Northern New Mexico Businesses Awarded Funds to Boost Growth

Venture Acceleration Fund awards companies from Rio Arriba, Santa Fe, Taos and Los Alamos Counties

Española, N.M., June 11, 2018—The Venture Acceleration Fund (VAF) awarded a round of funding to seven diverse northern New Mexico businesses. The VAF awards are a collaborative investment in the region’s economy and are managed by the Regional Development Corporation (RDC). Established by Los Alamos National Laboratory operator Los Alamos National Security, LLC (LANS) in 2006, the RDC has been working with VAF community partner investors to add jobs in Northern New Mexico since its inception.

“This year’s seven winners promise a lot of growth to our northern New Mexico region,” said Val Alonzo, executive director of the RDC. “The seed capital that VAF provides is often critical to early-stage companies and helps create jobs in the area.”

The 2018 Venture Acceleration Fund awardees, located in four counties in northern New Mexico, represent a broad range of business pursuits, from chocolate production to custom antibody libraries for the biopharmaceutical industry. The selected companies are:

    • Chokola Bean to Bar, Taos: a small-batch, organic, crafted, bean-to-bar chocolate maker. The award will be used to purchase equipment to increase capacity and reduce process time in order to meet production demand.
    • HoneyMoon Brewery, Santa Fe: pioneers of an innovative and proprietary fermentation technique, marrying the traditions of wine, beer, and kombucha brewing into a new adult beverage category. The funding will be used to purchase and install brewing production equipment at the company’s tasting room in Santa Fe.
    • NeuroGeneces, LLC, Santa Fe: developer and manufacturer of a device that strengthens slow-wave sleep. The funding will be used to conduct pilot testing.
    • Rancho Manzanares, Rio Arriba: sustainable farming enterprise producing quality pastured meat products. The award will be used to purchase equipment to expand product lines.
    • Santa Fe Spirits, LLC, Santa Fe: manufacturer of craft spirits including whiskey, vodka and gin. The funding will be used to purchase equipment to increase production and expand sales outside New Mexico.
    • Specifica, Inc., Santa Fe and Los Alamos: developer of custom human antibody libraries for the biopharmaceutical industry. VAF funding will be used to build a new “Generation 3” library.
    • Verde Food Company, Santa Fe: organic café and manufacturer of cold-pressed juice. Funding will be used on a delivery truck to increase distribution.

This year, the Regional Development Corporation hosted workshops to address issues common to startups and improve VAF applications. Topics covered in workshops included lean start-up methodology, market assessment and strategy, finance, and the basics of equity investing and intellectual property.

“The Laboratory wants to support the region’s businesses as much as possible,” said Kathy Keith, director of the Community Partnerships Office at Los Alamos National Laboratory. “Each year the VAF application process draws more and more qualified companies. Los Alamos National Security invests in the VAF to provide capital to companies that allows them to grow, add new jobs more quickly, and contribute to the broader economy.”

To date, the VAF program has assisted 66 New Mexico companies through marketing and technology development activities such as proof-of-concept, prototyping, developing market share, product launch or leveraging funding. The VAF award is structured as a zero-interest loan, with repayment required only if a company is acquired, leaves New Mexico within a certain timeframe or fails to provide support to the northern New Mexico startup community.

Originally created to commercialize technologies developed at the Laboratory, the Venture Acceleration Fund has diversified from exclusively funding technology companies to include businesses that manufacture and sell products outside New Mexico. Those companies not selected for an award are often connected with other resources that can help them meet their goals.

 

About the Venture Acceleration Fund (VAF)

The VAF was established in 2006 by Los Alamos National Security, LLC (LANS), the company that manages Los Alamos National Laboratory (LANL), 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, and Santa Fe County. Learn more at www.rdcnm.org/vaf.

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.

09 Feb

CALL FOR PROPOSALS: VENTURE ACCELERATION FUND (VAF)

NOW ACCEPTING 2018 APPLICATIONS
Applications Due March 12, 2018

Española, New Mexico, February 9, 2018 – Applications are now being accepted for the Venture Acceleration Fund (VAF) from Northern New Mexican technology and manufacturing firms. Applications for the 2018 calendar year are due March 12th 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 twelfth 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. “The VAF has provided valuable assistance to many of our small businesses in Northern New Mexico as they grow and create new jobs.”

“At the RDC, one of our primary concerns is jobs for Northern New Mexico, and the VAF program has helped create and retain more than 693 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 and the RDC has been the fund’s administrator since its inception. 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, launching products or leveraging funding. This year funding LANS remains the primary funder with additional funding provided by 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 technology or manufacturing firms and 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 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 the RDC is offering Market Strategy and Finance for Startups in February to help businesses address application issues most commonly cited by VAF review committee members. VAF applications are reviewed by an independent 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.rdcnm.org/vaf.

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 managed by the Regional Development Corporation of Española, New Mexico. Visit www.rdcnm.org/vaf.

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.

30 Jan

Grants Spur Growth in Pueblo Businesses

 

Investments in Northern New Mexico help create jobs, boost revenue

LOS ALAMOS, N.M., Jan 23, 2018—A record nine Northern New Mexico Native American–owned and –operated businesses have received a total of more than $50,000 in the 2018 grants from the Native American Venture Acceleration Fund. The fund was created by Los Alamos National Laboratory operator Los Alamos National Security, LLC (LANS) and the Regional Development Corporation (RDC) to help the recipients create jobs, increase their revenue base and diversify the area economy.

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

To date, more than $330,000 has been invested in the regional economy through the Native American Venture Acceleration Fund. The investment comes from LANS, and the fund is managed by the Regional Development Corporation, as part of its work assisting Northern New Mexico communities and small businesses with economic development activities, furthering job creation in the region.

This year’s recipients are:

  • Cochiti Pueblo Development Corporation, Cochiti Pueblo: to purchase a water metering and billing system for a water conservation program with tiered billing that will save water and increase revenues.
  • High Water Mark, LLC, Cochiti Pueblo: to purchase hardware and software that will support the company’s growth as they work on federal contracts.
  • Jacqueline Gala Jewelry, Taos Pueblo: to purchase a ventilation exhaust to ensure safety and a buffing machine that can be used indoors, allowing year-round production.
  • Jemez Community Development Corporation, Jemez Pueblo: to help with website development and graphic design to raise awareness of the corporation.
  • Native Arts Gallery, Ohkay Owingeh Pueblo: to implement an inventory control system and purchase a computer/printer to manage costs and increase revenue, with a view to hiring another employee.
  • R and M Construction, LLC, Santa Clara Pueblo: to fund development of a marketing strategy and website to improve outreach and grow the business.
  • Smoke Signals Peacepipe Production Company, Taos Pueblo: to support an upgrade to the company’s workshop, making production more efficient, and to fund website development that enables online ordering.
  • Taos Pueblo Preservation, Taos Pueblo: to purchase construction material for a shed to protect the organization’s adobe and viga/latilla inventory used for restoration efforts by homeowners and Preservation employees.
  • Tiwa Restaurant and Outdoor Oven Bakery, Taos Pueblo: to purchase kitchen equipment to help share traditional culinary arts, and to improve public spaces around the outdoor ovens.

“Native American entrepreneurs are building new companies and creating new jobs. We’re happy the Native American Venture Acceleration Fund can play a role in supporting these successes,” said Val Alonzo, executive director of the RDC.

In addition to the financial support, grant recipients will also be provided with technical assistance from the RDC and other organizations.

More information about the Native American Venture Acceleration Fund is available from Vangie Trujillo (vangie@lanl.gov) of Los Alamos’ Community Partnerships Office or Val Alonzo (val@rdcnm.org) of the Regional Development Corporation.

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About Los Alamos National Laboratory (www.lanl.gov)

Los Alamos National Laboratory, a multidisciplinary research institution engaged in strategic science on behalf of national security, is operated by Los Alamos National Security, LLC, a team composed of Bechtel National, the University of California, the Babcock & Wilcox Company, and URS Corporation for the Department of Energy’s National Nuclear Security Administration. Los Alamos enhances national security by ensuring the safety and reliability of the U.S. nuclear stockpile, developing technologies to reduce threats from weapons of mass destruction, and solving problems related to energy, environment, infrastructure, health and global security concerns.

About the Regional Development Corporation

The Regional Development Corporation (www.rdcnm.org) is a non-profit economic development organization based in Española, N.M., with the mission of creating jobs and attracting additional revenue to the Northern New Mexico region.

 

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

Continue Reading

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

Continue Reading

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.”

Continue Reading

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.”

Continue Reading

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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Working to Advance Economic Development in Northern New Mexico Since 1997