Targeted Federal Match
Targeted Federal Match supports New Mexico businesses and public research institutions with state matching funds for federally backed technology projects to advance commercialization and in-state economic impact.
Funder: New Mexico Economic Development Department
Due Dates: Rolling (State match applications) | November 4 (NSF Strategic Breakthrough) | December 17 (DOE Genesis Phase II)
Funding Amounts: At least $1 million per award, with no fixed maximum; minimum $2 million total project cost
Summary: State grants match or leverage priority federal funding for New Mexico research, development, deployment, and technology commercialization projects.
Key Information: State funds are conditionally reserved and disbursed only if the underlying outside funding is secured.
Description
The Targeted Federal Match is the first solicitation under New Mexico’s Research, Development & Deployment (RD&D) Fund, administered by the Economic Development Department’s Technology and Innovation Office (TIO). It provides grants to match or leverage funding from a defined set of priority federal programs for projects in New Mexico.
The program aligns federal investment with the state’s technology priorities: advanced computing, including artificial intelligence, cybersecurity, and quantum computing; advanced energy; aerospace and defense systems; and bioscience. TIO encourages industry-led applications with university or national laboratory partners where appropriate, while also allowing public research institutions to lead. Its review considers commercialization and in-state economic impact.
