New Mexico Science and Technology Business Startup Grant
Forecasted
New Mexico Science and Technology Business Startup Grant supports early-stage technology companies with commercialization and business development to enter markets, gain customers, and create jobs in the state.
Funder: New Mexico Economic Development Department
Due Dates (Anticipated): July 2027 (Application deadline)
Funding Amounts: $25,000–$50,000 per project; work completed within 12 months of grant agreement execution
Summary: Supports early-stage New Mexico technology companies in commercializing unique products through business development, market entry, and customer acquisition.
Key Information: Virtual New Mexico headquarters and businesses with more than 40% of staff outside the state are ineligible.
Description
The New Mexico Science and Technology Business Startup Grant is a competitive, state-funded program administered by the New Mexico Economic Development Department’s Technology and Innovation Office (TIO). It supports small businesses engaged in research and development that have a unique technology or product with strong commercial growth potential. Awards help early-stage companies enter markets, acquire customers, expand, and create jobs while continuing to do business in New Mexico.
The program targets advanced computing, advanced energy and water, aerospace and defense, and bioscience. Funding covers commercialization and business development expenses rather than research and development itself. Its objectives include supporting economic-base businesses, developing the state’s tax base, and encouraging business growth.
