Joseph M. Montoya Building
1100 S. St. Francis Drive
Santa Fe, NM 87505
Albuquerque Office
500 Marquette Ave NW Suite 640
Albuquerque, NM 87102
Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants are competitive federal grants that support small businesses engaged in research and development (R&D) with the potential for commercialization. The New Mexico SBIR Matching Grant provides recipients additional resources to commercialize the technology being developed with federal SBIR funding. This program leverages the fact that SBIR awardees have technologies vetted by national experts and are recipients of federal funding that covers proof-of-concept and R&D funding. State-level matching programs nationwide are found to lead to follow-on funding, stimulate business growth and expansion, generate wealth, increase tax revenue, and increase the commercial viability of the receiving firms.
The purpose of the New Mexico SBIR Matching Grant is to accelerate the commercialization of technologies being developed with SBIR awards. Awards will fund and assist New Mexico companies with the goal of market entry, customer acquisition, business expansion, job creation, and increasing the tax base.
All New Mexico-based for-profit companies with an active Phase I or Phase II SBIR/STTR (or businesses within three months of a Phase I having ended with intentions of applying for a Phase II) are eligible to apply. Science or technology companies in any of the following industry sectors will be prioritized: Aerospace, Biosciences, Advanced Computing, Water Technologies, and Advanced Energy.
New Mexico SBIR Matching Grants cover expenses related to business development that are not eligible for federal SBIR funds.
Eligible funding use for the NM SBIR Matching Grants include:
Ineligible funding use for the NM SBIR Matching Grants:
The current round of applications closed on November 13, 2024
New Mexico Economic Development Department
Main number: (505) 827-0300 (se habla español)
Email: info@edd.nm.gov
Joseph M. Montoya Building
1100 S. St. Francis Drive
Santa Fe, NM 87505
Albuquerque Office
500 Marquette Ave NW Suite 640
Albuquerque, NM 87102
Mailing Address:
New Mexico Economic
Development Department
P.O. Box 20003
Santa Fe, NM 87504-5003
The mission of the New Mexico Economic Development Department is to Improve the lives of New Mexico families by increasing economic opportunities and providing a place for businesses to thrive.
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