Who Is VAF?

  • We support job growth in NNM

  • We provide unique financial support

  • We focus on tech/manufacturing

  • We focus on early-stage and growth-oriented companies

The VAF is the only non-dilutive local source of seed financing for very early stage technology 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, retention and market intelligence programs from New Mexico Small Business Assistance Program (NMSBA), Los Alamos National Laboratory (LANL) and the Regional Development Corporation (RDC).