Six businesses get Venture Acceleration Fund awards
The Venture Acceleration Fund awarded a round of funding to six Northern New Mexico businesses.
The fund was established in 2006 by Los Alamos National Security LLC to stimulate the economy by supporting growth-oriented companies. This year, partners who invested alongside LANS include the city of Santa Fe, Los Alamos County, New Mexico Manufacturing Extension Partnership, Santa Fe County and New Mexico Gas Co. in addition to continued support from Century Bank. The selected companies are:
Dee Dee’s Finest Beef Jerky, Española, maker of paper-thin, crispy beef jerky. The funding will be used to purchase two commercial freezers, two commercial dehydrators and a commercial slicer.
Extraordinary Structures, Santa Fe, manufacturers innovative modular components that streamline the construction process. Funding will allow for designing and testing for certification of the panelized system.
Length Width Height, Santa Fe, is an e-commerce site for custom upholstered furniture that allows customers to design their own pieces directly on the site. Funding will support the completion of a website.
Necessity Gas, Edgewood, manufacturers industrial gas detectors that will be able to detect leaks in natural gas wells and pipelines from trucks, drones and aircraft. Funding will be used to reduce the cost of hardware.
Tall Foods/Tall Goods, Ribera, is a company specializing in ostrich meat and other products (including leather, hypoallergenic feathers and eggs) to consumers. Funding will go toward a livestock monitoring system.
YXO Inc., Santa Fe, is a manufacturer bridging the gap between metals and plastics with a composite structure that enables structural rigidity, fatigue and impact tolerance with applications. Funds will be used for a build-out of its commercial production.