NEW MEXICO ECONOMIC
DEVELOPMENT DEPARTMENT

New Mexico Innovation Hubs Grant

The Innovation Hubs Grant is a competitive state-funded grant that awards non-dilutive funds to proposals for physical infrastructure that support the development, expansion, or improvement of physical spaces or facilities that enable or foster innovation, entrepreneurship, and technology commercialization.

Innovation hubs are defined as planned or existing entities with a physical presence in New Mexico that support, enable, accelerate, or incubate technology innovation through services and facilities used by multiple clients, partners, or stakeholders. Innovation hubs support innovation, entrepreneurship, and technology commercialization through shared spaces, equipment, and collaborative environments that drive economic growth in New Mexico.

These innovation hubs are expected to contribute to the growth and diversification of New Mexico’s economy and have alignment with one or more of TIO’s priority sectors: Advanced Computing, Bioscience, Advanced Energy, and Aerospace.

Applicants may request any amount up to $2.5 million, but should only request what is needed to successfully complete the proposed work.

Eligible proposals for this grant:

  • Must include planned or existing entities with a physical presence in New Mexico that support, enable, accelerate, or incubate technology innovation through services and facilities used by multiple clients, partners, or stakeholders.
  • Must align with one or more of TIO’s priority sectors: Advanced Computing, Advanced Energy, Aerospace, and Bioscience.
  • Must support innovation, entrepreneurship, and/or technology commercialization through shared spaces, equipment, and/or collaborative environments that drive economic growth in New Mexico.
  • Must plan to complete all work within twelve months of grant agreement execution.

Important dates:

  • Applications will be accepted from August 11 to September 8, 2025.
  • An informational webinar will be held on August 18, 2025, at 1 PM MST.