Capital Leverage Grant
Capital Leverage Grant supports New Mexico technology companies and research institutions by leveraging outside investment for projects that advance commercialization of new technologies.
Funder: New Mexico Economic Development Department
Due Dates: Rolling (letters of intent and full applications) | October 1, 2026 (earliest review-timeline start)
Funding Amounts: At least $1,000,000 per award, leveraging at least $1,000,000 in non-State funding per project
Summary: Supports New Mexico technology commercialization projects by matching or leveraging federal, other non-State public, philanthropic, or private investment.
Key Information: Applicants must be New Mexico public entities or businesses registered—or committed to register before disbursement—in New Mexico.
Description
The Capital Leverage Grant is administered by the New Mexico Economic Development Department’s Technology and Innovation Office (TIO). It uses Research, Development and Deployment (RD&D) Fund grants to match or otherwise leverage qualifying outside investment into New Mexico projects that advance commercialization of new technologies. The program is intended to help advanced technology companies and research institutions boost growth and maximize the impact of investment they secure.
The grant sits within TIO’s broader competitive, non-dilutive support for research, development, and technology commercialization. Its technology priorities include advanced computing—including artificial intelligence, cybersecurity, and quantum computing—advanced energy, aerospace and defense systems, and bioscience. Qualifying outside funding may come from federal or other non-State public sources, philanthropy, or private investment.
