New Mexico Innovation Hubs Grant
Forecasted
New Mexico Innovation Hubs Grant supports innovation hubs with shared facilities and equipment to help technology companies start and scale, advancing commercialization and economic diversification.
Funder: New Mexico Economic Development Department
Due Dates (Anticipated): September 2027 (Application deadline)
Funding Amounts: Up to $2.5 million per applicant; work completed within 12 months of grant agreement execution
Summary: Supports shared physical infrastructure that advances technology innovation, entrepreneurship, and commercialization in New Mexico.
Key Information: Applicants must be headquartered in New Mexico, and hubs must serve multiple clients, partners, or stakeholders.
Description
The New Mexico Innovation Hubs Grant is a competitive, state-funded program administered by the New Mexico Economic Development Department’s Technology & Innovation Office (TIO). It provides non-dilutive funding to develop, expand, or improve physical infrastructure, including labs, offices, prototyping spaces, shared equipment, and collaborative environments that help technology companies start, scale, and succeed.
Launched in 2025 with legislative funding, the program addresses entrepreneurial infrastructure gaps identified in New Mexico’s Science & Technology Roadmap. It supports planned or existing innovation hubs that contribute to the growth and diversification of the state’s economy. Projects must align with TIO’s priority sectors: advanced computing, advanced energy, aerospace and defense systems, or bioscience.
