The Venture Acceleration Fund (VAF):

  • Supports job growth in Northern New Mexico

  • Provides unique financial support

  • Assists technology and manufacturing companies

  • Focuses on early-stage and growth-oriented companies

The Venture Acceleration Fund (VAF) is the only non-dilutive local source of seed financing for very early stage technology and manufacturing startups in Northern New Mexico.

The funding fills a unique niche in that it supports technology-based and manufacturing companies that lack collateral for debt financing and are not ready for Angel or Venture Capital funding.


The call for VAF applications goes out once a year, typically in February, and the application submittal deadline is in March. Maximum funding amounts, eligibility requirements, and terms and conditions are subject to change each year.


VAF applicants and awardees receive assistance from a variety of business expansion and retention programs including New Mexico Small Business Assistance Program (NMSBA), Los Alamos National Laboratory (LANL) and the Regional Development Corporation (RDC).