Los Alamos Venture Acceleration Initiative

Despite a healthy supply of regional venture funding and existing seed fund opportunities, the rate of spinouts from the Laboratory has not reached its potential. Thus, in 2008, the Laboratory implemented a pilot program—the Los Alamos Venture Acceleration (LAVA) Initiative—to help spin out strategically selected start-up companies based on LANL technologies. Following an extensive screening process, a qualified partner with the capability to establish new businesses in northern New Mexico was selected.

LAVA's new partner, LabStart, will provide the external business guidance, market validation, maturation funding, and assemble the external technical and management team required to bring promising technologies to the equity financing stage. LAVA/LabStart will also be responsible for securing pre-seed and/or seed financing for subject ventures, as appropriate.

For questions or more information, contact Belinda Padilla.

LAVA NEWS

• Lab Announces Selection of Partner for Venture Acceleration Initiative
• LabStart.com
• LabStart Brochure