Rio Grande Neurosciences Paves the Way for New Central Nervous System Therapies Thanks to VAF Funding
“You need to have a concise, actionable plan,” he said. “You better practice talking about it.”
The practice paid off, and Rio Grande Neurosciences simply wouldn’t be where it is today without the assistance of the Venture Acceleration Fund (VAF). The Regional Development Corporation (RDC) is the administrator of the VAF program. With a mission to create and retain high-paying jobs and attract revenue to the Northern New Mexico region, the RDC recognized the company’s potential to accomplish both these goals.
The VAF is the only program in Northern New Mexico that provides seed money for early-stage technology startups and growth-oriented business who lack the collateral for debt financing. Funded primarily by Los Alamos National Security (LANS), the VAF has assisted Northern New Mexico businesses at critical junctures since its inception in 2006. The VAF receives additional support from Los Alamos County, Santa Fe County, City of Santa Fe Economic Development and New Mexico Manufacturing Extension Partnership (MEP).