Venture Acceleration Fund (VAF)
The Venture Acceleration Fund is not currently accepting applications.
Investments in Technology Commercialization
The Venture Acceleration Fund (VAF) makes investments in technology commercialization. The program was established in 2006 to help Northern New Mexico companies commercialize technology and take it to market faster. Companies located in the Northern New Mexico counties of Los Alamos, Santa Fe, Sandoval, Rio Arriba, Taos, San Miguel, and Mora are given preference for funding, as are projects associated with LANL technology or expertise.
To date, 30 innovative technology companies have been awarded up to $100,000 each to support business development activities such as proof-of-concept, prototyping, product engineering, customer acquisition, and market validation.
In a major change for 2013, VAF is instituting a payback trigger, whereby, as a condition of funding, companies will need to agree to repay the funds if they are acquired, achieve certain revenue goals, or leave New Mexico. The purpose of this “evergreen” component is to help make the fund sustainable in order to support future entrepreneurs.