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Two local biotech start-ups, a water and power company and a hardware inventor are the latest recipients of $165,000 in Venture Acceleration Fund awards from Los Alamos National Security, LLC.
Mustomo, Inc., IX Power, Synfolia and Tape-Ease will receive funding to take their products and services to the next development level. Three of the four companies are commercializing technology and intellectual property developed by New Mexico’s national laboratories and educational institutions.
“Although the program was originally intended to commercialize lab technologies, VAF frequently funds companies with no tie to LANL or research institutions,” said David Pesiri, the laboratory’s Technology Transfer Division leader. “This round of VAF funding represents a special opportunity to push national lab and research institution technology into the marketplace and to build upon other tech transfer efforts such as Labstart.”
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