Venture Capital Program
The Venture Capital Program by New Mexico Finance Authority invests in funds that support New Mexico startups and early-stage businesses, driving innovation and economic growth across diverse sectors.
Funder: New Mexico Finance Authority
Due Dates: Rolling (Interest forms accepted year-round; board review at next regular meeting after recommendation)
Funding Amounts: Typical fund commitments: $2M–$10M; total program capitalization ~$75M; ~90% allocated as of July 2026; $7.5M estimated available.
Summary: Strategic investments in venture capital funds to spur startup growth, economic diversification, and job creation in New Mexico.
Key Information: Program invests in funds, not directly in companies; funds must benefit NM businesses and meet match requirements.
Description
The New Mexico Finance Authority (NMFA) Venture Capital Program supports the growth of New Mexico’s entrepreneurial ecosystem by investing in venture capital and private equity funds that, in turn, finance startups and early-stage businesses. Established by state legislation in 2022 and also managing federal State Small Business Credit Initiative (SSBCI) funds, the program aims to create jobs, diversify the economy, and increase access to capital for underserved communities across New Mexico. The program does not provide direct funding to businesses; instead, it invests in funds with a mandate to support New Mexico-based companies or projects that align with the state's economic development priorities.
