NM Small Business Innovation Research (SBIR) Matching Grant
Forecasted
The NM SBIR Matching Grant from the New Mexico Economic Development Department helps small businesses commercialize federally funded innovations by funding key business development and research activities.
Funder: New Mexico Economic Development Department
Due Dates (Anticipated): May 2027 (application deadline, projected)
Funding Amounts: Typical awards range from $25,000–$100,000; one-time grants per cycle.
Summary: Supports New Mexico small businesses with federal SBIR/STTR awards to commercialize technology by funding business development activities not covered by federal grants.
Key Information: Only New Mexico-based for-profit companies with an active or recently completed federal SBIR/STTR award are eligible.
Description
The NM Small Business Innovation Research (SBIR) Matching Grant, managed by the New Mexico Economic Development Department, provides state-level matching funds to help New Mexico small businesses commercialize innovative technologies developed through federal SBIR or STTR programs. This grant is specifically designed to cover critical business development expenses that are not eligible under the federal SBIR/STTR guidelines, such as intellectual property assessment, patent filing, regulatory certifications, outside lab testing, and market research. The goal is to accelerate commercialization, stimulate business growth, and enhance economic impact across New Mexico’s technology-driven sectors.
