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, the Laboratory is currently screening potential partners to implement a pilot program—the Los Alamos Venture Acceleration (LAVA) Initiative—to help spin out strategically selected start-up companies based on LANL technologies. The emphasis for the qualified partner is the capability to establish new businesses in northern New Mexico.

LAVA 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 will also be responsible for securing pre-seed and/or seed financing for subject ventures, as appropriate.

The deadline for submitting proposals was June 30, 2008. For questions or more information, contact Belinda Padilla.

LAVA NEWS

• Lab Announces Selection of Partner for Venture Acceleration Initiative