Working to Advance Economic Development in Northern New Mexico Since 1997

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

15 Feb

Four Regional Businesses Receive Native American Venture Acceleration Fund Grants

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

LOS ALAMOS, N.M., Feb. 1, 2016—Four Northern New Mexico Native American-owned and operated businesses received a total of $60,000 in grants through a Native American Venture Acceleration Fund created by Los Alamos National Security, LLC (LANS) and the Regional Development Corporation. The grants are designed to help the recipients create jobs, increase their revenue base and help diversify the area economy.

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

“The Venture Acceleration Fund’s investment in our company will pay off in that we will be able to secure more projects for our company and create more jobs,” said Melissa Blueflower-Sanchez, who with her husband Robert owns R and M Construction, LLC.

To date, more than $250,000 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 Native American Venture Acceleration Fund is managed by the Regional Development Corporation.

Grant recipients are:

  • Eight Northern Indian Pueblo Council Inc., Ohkay Owingeh: to develop a marketing strategy for its arts and crafts fairs that support pueblo entrepreneurs throughout the region.
  • High Water Mark, LLC, Cochiti Pueblo: to purchase software that will enable the company to competitively bid for national federal contracts.
  • Poeh Cultural Center and Museum, Pojoaque Pueblo: to develop training programs for area artists and entrepreneurs.
  • R and M Construction, LLC. Santa Clara Pueblo: to purchase equipment and estimating software for its construction projects.

Eligibility

To be eligible for a Native American Venture Acceleration Fund grant, applicants must

  • demonstrate they are a Native American-owned business in which a tribe or tribal member has at least a 51 percent stake in the enterprise;
  • be a tribal business or corporation from the pueblos of Nambe, Ohkay Owingeh, Picuris, Santa Clara, Pojoaque, Taos, San Ildefonso, Tesuque, Cochiti or Jemez;
  • be located in Sandoval, Santa Fe, Los Alamos, San Miguel, Mora, Rio Arriba or Taos counties.

More information about the Native American Venture Acceleration Fund is available from Vangie Trujillo (vangie@lanl.gov) of Los Alamos’ Community Relations and Partnerships group.

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.

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29 Sep

Northern New Mexico’s Venture Acceleration Fund: A Scalable Model for Communities

ABSTRACT

In northern New Mexico, investments in high-growth companies—the region’s job creators—are being made through the Venture Acceleration Fund (VAF). The VAF was established by Los Alamos National Security, LLC (LANS), the company that manages Los Alamos National Laboratory as part of the Community Commitment Plan launched in 2006. Now, the VAF is a collaborative investment tool that includes area municipalities and organizations, administered by the Regional Development Corporation.

The VAF program was the winner of the 2014 IEDC National Entrepreneurship Award, and has recently been awarded a Cluster Grant For Seed Capital Funds by the U.S. Department of Commerce Economic Development Administration to expand the VAF and develop an equity investment fund.

 

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30 Aug

Accelerate Student’s New Career Celebrated

August 28, 2015
as seen in LANL Today, a publication of Los Alamos National Laboratory

By: Carla Rachkowski, Accelerate NM program manager

Derek Salazar grew up in Espanola, New Mexico, attended Los Alamos High School, and enrolled in the University of New Mexico – Los Alamos soon after graduation. He was interested in pursuing an Information Technology with Cybersecurity degree, but thanks to his decision to join the Accelerate program and two internships at Los Alamos National Laboratory (LANL), he found himself pursuing computer engineering – a 4-year degree that he had never previously considered.

Accelerate is a pilot program of the Regional Development Corporation in collaboration with six northern New Mexico colleges, including the University of New Mexico – Los Alamos (UNM-LA). Funded by a five year grant from the U.S. Department of Energy/Office of Environmental Management, the program aims to increase retention, career readiness, and certificate and 2-year technical degree completion of non-traditional students in northern New Mexico. More than 500 students have been served by Accelerate to date.

Throughout the academic year, the Accelerate program’s Career Technical Advisors (CTA) serve as coaches, advisors, and mentors to help students navigate through any issue that might affect their school work. They also help students find internship opportunities and facilitate career readiness training to prepare students for the workforce.

As soon as he enrolled at UNM-Los Alamos, Grace Willerton, the Accelerate program’s CTA on campus, began sending him email messages encouraging him to join the Accelerate program. The stipends students earn for their participation in career readiness training and internships with local employers got his attention. Continue Reading

Working to Advance Economic Development in Northern New Mexico Since 1997