LANS Venture Acceleration Fund announces "Call for Ideas"
- Kevin Roark
- Communications Office
- (505) 665-9202
LOS ALAMOS, New Mexico, August 2, 2010—Through September 1, 2010, Northern New Mexico Connect (NNM Connect) is accepting idea statements for the Los Alamos National Security, LLC Venture Acceleration Fund (VAF).
VAF invests in creating and growing Northern New Mexico businesses that have an association with Los Alamos National Laboratory technology or expertise. It invests up to $100,000 in businesses that use technology for commercial applications with market demand. Use of VAF awards includes proof of concept, prototyping, securing initial customers, and generating additional funding.
In 2009, two promising companies received VAF awards totaling $100,000 each: Simtable and Southwest Biofuels.
All companies interested in submitting an idea statement for VAF are strongly encouraged to attend a special Market Intelligence Training Workshop on August 12, 2010. At the session attendees will discuss how to craft a clean, concise and compelling idea statement.
Successful idea statements will be invited to submit a full proposal to VAF in the fall of 2010.
Launched in December 2007, sponsored by LANS and LANL in partnership with the Regional Development Corporation, NNM Connect is growing an ecosystem for enterprise development and networking for long-term economic growth in the region. The organization is designed to help build an innovation community in Northern New Mexico through the investment of stakeholders.
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, BWX Technologies, Inc. and URS 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.