Research, Development and Deployment Fund

The Research, Development and Deployment (RD&D) Fund was created to build, attract, and scale deep tech companies in New Mexico, including assistance to advanced technology projects as they compete for and secure federal, philanthropic, and private investment. The fund directly supports TIO’s mission to accelerate technology-based industries in the state’s four priority sectors: advanced computing/quantum, advanced energy, aerospace and defense systems, and bioscience. At $150 million, the RD&D Fund represents one of the largest state investments in innovation-based economic development in New Mexico’s history.

Capital Leverage Grants

TIO is now accepting applications for the Capital Leverage Grant. It allows advanced technology companies and research institutions that secure at least $1 million in federal, philanthropic or private investment to apply for at least $1 million in state funds to boost growth and maximize impact.

Targeted Federal Match Grants

TIO is now accepting applications for the Targeted Federal Match solicitation, the first under the state’s new Research, Development & Deployment (RD&D) Fund. It is dedicated to matching funds for a defined set of priority federal programs that align with the state’s technology and innovation priorities and target sectors. State matching funds are available for projects that secure at least $1 million in non-state funding.

TIO has added two new programs to the list of priority federal programs: DARPA’s Quantum Benchmarking Initiative (QBI) Stage C and the Army Research Office/NSA’s (QuantumEAGLe) initiative.