Computational fluid dynamics (CFD) modeling software developer Flow Science has been named a recipient of a 2014 Venture Acceleration Fund award by Los Alamos National Security, LLC.
The award program was created in 2006 and is a collaborative investment funded by Los Alamos National Security (LANS), Los Alamos County, the city of Santa Fe and the New Mexico Manufacturing Extension Partnership (MEP). The fund is administered by Los Alamos Connect, which is a program managed by the Regional Development Corporation.
“Since the Venture Acceleration Fund (VAF) was initiated in 2006, Los Alamos National Security has invested approximately US$3 million in 49 New Mexico businesses,” said David Pesiri, director of the Feynman Center for Innovation. “Now it’s a community effort, with Los Alamos County, the city of Santa Fe and MEP stepping forward to partner with us.
“It’s encouraging to see that the payback triggers we implemented in 2013 are already creating sustainability for the fund.”
The fund is intended to help commercialize technologies developed at Los Alamos National Laboratory (LANL), but has been expanded to include all types of businesses in every stage of development.
“We’re quite excited to be involved with this program, and thankful to LANL for its being a support of small New Mexico businesses,” Flow Science president Thomas Jensen said. “The funding received will be used to help fund our efforts to make a big leap forward in high-performance computing, which we believe can help us grow substantially.”
The Santa Fe-based company announced this past May that it had released new software.
Flow Science will be exhibiting at HydroVision International 2014 at Booth No. 939.
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