In March of 2015, the Regional Development Corporation received a $248,946 Cluster Grant for Seed Capital Funds grant for the Venture Acceleration Fund (VAF) Enhancement Project. The funding was provided to improve the performance and impact of the Venture Acceleration Fund’s existing seed fund by providing technical assistance to existing portfolio companies and by better connecting the ecosystem’s stakeholders. The Cluster Grant is administered by the Economic Development Administration (EDA).
Since then, the RDC is partnering with regional experts and organizations to help integrate the entrepreneurial ecosystem in northern New Mexico. Through a series of workshops, seminars, and the establishment of a mentor network, the project’s goals are to provide assistance to existing and future high growth-potential Venture Acceleration Fund (VAF) portfolio companies in order to better ensure success.
The RDC has been canvassing former VAF awardees to tell their stories, and also tell the story of the VAF in Northern New Mexico. We’re pleased to present these stories here.