NEW MEXICO ECONOMIC
DEVELOPMENT DEPARTMENT

Office of Strategy, Science & Technology

The Office of Strategy, Science and Technology (OSST) connects New Mexico innovation to the commercial market. OSST strives to lead and execute programs that encourage and enable the startup, growth, and relocation of technology-based industries in and to New Mexico by focusing on growing and diversifying existing technology companies, rapidly commercializing technologies, and promoting research and development in emerging technologies.

New Mexico is home to three national research laboratories, three research universities, business incubators with technology expertise, a business and research and development-friendly tax climate, and multiple funds dedicated to investment in science and technology companies – New Mexico is a rich environment to grow any science and technology business.

OSST Initiatives:

Grant Programs:

OSST offers competitive non-dilutive grants to support New Mexico small businesses engaged in research and development and commercializing a new technology. Grants focus on technologies in the following sectors: advanced computing (including artificial intelligence, cybersecurity, and quantum computing), advanced energy, aerospace, bioscience, intelligent manufacturing, and water technologies.

The OSST SBIR/STTR Matching Grant awards non-dilutive funds for business development expenses to selected New Mexico recipients of federal Small Business Innovation Research and Small Business Technology Transfer awards.

  • Grant awards between $50,000 and $100,000
  • 2025 applications open May 20 – due June 10

Learn more.

The OSST Science & Technology Business Startup Grant awards non-dilutive funds for business development expenses to early-stage New Mexico companies commercializing new technology.

  • Grant awards between $25,000 and $50,000
  • 2025 applications open August 12 – due September 3

Learn more.

The OSST Advanced Energy Award Pilot Program awards non-dilutive funds to New Mexico companies developing and commercializing technologies in advanced energy.

  • Grant awards between $250,000 and $1,000,000
  • 2025 applications currently under review

Learn more.

The OSST Quantum Technologies Award Pilot Program awards non-dilutive funds to early-stage companies working in quantum technologies that are located in New Mexico or establishing a presence in New Mexico.

  • Grant awards of $100,000
  • Accepting applications on a rolling basis through May 30, 2025

Learn more.

Business Assistance:

The Office of Strategy, Science & Technology provides sector-specific business assistance for New Mexico startups in science and technology. 

Learn more.

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