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Applications are now being accepted for the Venture Acceleration Fund (VAF) from Northern New Mexican technology and manufacturing firms. Applications for the 2017 calendar year are due March 31st to the Regional Development Corporation (RDC), the program’s administrator. Selected companies will receive financial awards to assist in taking their innovations to market more quickly. The median award amount has averaged $36,000. To be eligible to apply for VAF, companies must be headquartered in one of seven northern New Mexico counties—Los Alamos, Santa Fe, Sandoval, Rio Arriba, Taos, San Miguel and Mora. Preference is given to technology and manufacturing firms that can demonstrate their ability to stimulate job growth and attract additional revenue to the region. To accommodate the increasing number of applicants, past VAF awardees are not be eligible to reapply. This year, workshops on Market Strategy, Finance for Startups, and Pitch will be offered in March to help businesses address application issues most commonly cited by VAF review committee members. VAF applications are reviewed by a panel comprised of entrepreneurs, investors and economic development professionals. Those companies not selected for a VAF award are often connected with other resources that can help them meet their goals. More information about the Venture Acceleration Fund, including the VAF application, terms and conditions, eligibility criteria, and workshop schedule are found at www.vafnm.org.







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