SBIR/STTR Matching Grant
SBIR/STTR Matching Grant supports New Mexico technology businesses with commercialization work that brings federally funded innovations to market, encourages investment, and creates jobs.
Funder: New Mexico Economic Development Department
Due Dates: October 20, 2026 (Applications open) | October 27, 2026, 2 p.m. Mountain Time (Webinar) | November 17, 2026, 5 p.m. Mountain Time (Application deadline)
Funding Amounts: Up to $50,000 for Phase I or qualifying post-Phase I businesses; up to $100,000 for Phase II; 12-month projects
Summary: Supports New Mexico technology businesses commercializing innovations developed through federal SBIR/STTR awards.
Key Information: A physical New Mexico headquarters and at least 60% of staff located in-state are required.
Description
The New Mexico SBIR/STTR Matching Grant provides commercialization funding to technology businesses that have received federal Small Business Innovation Research or Small Business Technology Transfer awards. Administered by the New Mexico Economic Development Department’s Technology and Innovation Office (TIO), the competitive program builds on federally supported proof-of-concept and research and development work.
The funding supports business development aimed at market entry, customer acquisition, business expansion, and job creation—not additional R&D. The program seeks to encourage follow-on investment, strengthen commercial viability, and grow New Mexico’s economic and tax base. Its priority sectors include advanced computing and quantum, advanced energy and water technologies, aerospace and defense, and biosciences.
