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Doing their homework; LAVA guided by comprehensive feasibility study

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By Mandy Marksteiner

 

The Los Alamos Venture Accelerator (LAVA) promises to transform the way we create new businesses in Los Alamos. But how do we know that the plan will work?

As a community we’ve tried several things to encourage entrepreneurs and increase the success rate of local startups without producing the desired economic results. 

For example, The HIVE co-work space in White Rock provided local entrepreneurs with physical space with hopes that it would germinate. The groups who funded The HIVE learned that just providing “workspace” without the inclusion of mentoring, coaching and technical assistance was not a sustainable way to encourage entrepreneurs.

But if a physical workspace won’t make enough of a difference, what will? 

A year ago several of the community’s stakeholders jointly decided to conduct a professional feasibility study for creating a virtual business incubator in Los Alamos. Kathy Keith and Eric Vasquez with the Regional Development Corporation (RDC) led the effort and after a nationwide search engaged Mark Long, of Long Performance Advisors (LPA), to make comprehensive recommendations on the feasibility of a virtual incubator or business accelerator serving Los Alamos County.  


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