Working to Advance Economic Development in Northern New Mexico Since 1997

09 Jul

VAF Spotlight: Rio Grande Neurosciences

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).

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09 Jul

VAF Spotlight: SportXast

SportXast Broadens the Playing Field for Student Athletes

Los Alamos startup’s innovative app helps teens share their own sports highlights

 

A boost of funding from a local organization that provides seed money for early-stage technology startups helped the founders of SportXast take their creation to the next level.

 

SportXast, an innovative app that lets anyone instantaneously capture the last eight seconds of a sporting event, was launched in 2013. The technology allowed an athlete’s parents, friends and others to capture, view and share video clips of the best moments in the game.

 

After its launch, SportXast CEO Molly Cernicek realized users wanted to do more with the videos they captured, so an online digital resume platform was built for teen athletes. Users can find clips taken with the app organized in a Game Clips library from their first game to their most important tournament. They can use these clips to create highlight reels in minutes and share them with everyone from proud grandparents to potential college coaches.

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Working to Advance Economic Development in Northern New Mexico Since 1997