The New Mexico Quantum Technologies Award (NMQTA) is a competitive, state-funded grant that awards non-dilutive funds to early-stage companies working in quantum and quantum-enabling technologies that are located in New Mexico or are in the process of establishing a presence in New Mexico. Through this award, the New Mexico Economic Development Department ultimately seeks to support the growth or relocation of quantum technology companies in New Mexico to expand our economic base through business support and fostering the creation of new tech sector jobs.
The Technology and Innovation Office (TIO) seeks to make awards of up to $200,000 each to eligible companies.
Eligibility
Eligible applicants must:
- Must have a company formed that has received a previous form of outside funding
- Must affirm their ability to establish a company presence in New Mexico during the grant period of performance – company presence in New Mexico includes having a NM Business Tax Identification Number (BTIN) (previously CRS Tax ID Number), a physical NM address, EIN number, and employees physically present and working in New Mexico
- Must agree to maintain a company presence in New Mexico (including a physical space and at least one employee physically present in New Mexico) for two years post award
Applications are now closed.
Past Awardees
2026
Bandelier Technologies is a Santa Fe-based quantum sensing company bridging the gap between breakthrough quantum science and real-world deployment, building quantum hardware systems and the AI models that unlock their operational potential. Working in close partnership with Los Alamos National Laboratory through the NM Lab-Embedded Entrepreneur Program, Bandelier develops sensing and network intelligence platforms for defense, telecommunications, and critical infrastructure applications.
Conductor Quantum $200,000
Conductor Quantum is building AI software that operates and scales quantum computers. Its goal is quantum superintelligence: an AI agent that operates a quantum computer to make discoveries beyond the reach of the most gifted human minds. The company’s flagship product, Coda, is the natural language interface for quantum computing, enabling anyone or any agent to use a quantum computer. Coda is used today by employees at technology companies including NVIDIA and Arm. Based in San Francisco, the company will use this funding to expand operations into New Mexico.
Mesa Photonics $200,000
Mesa Photonics is a Santa Fe-based company developing a squeezed laser source for scientific and research applications. Its goal is to provide an innovative, turnkey system that features a highly refined form factor and an intuitive user interface. This ultrafast, spectrally broad system utilizes advanced optical detectors and closed-loop electronic control to enable seamless integration into early-stage quantum technology development.
Mesa Quantum $200,000
MesaQuantum Systems Inc. is a venture-backed company driving the commercialization of chip-scale quantum clocks and sensors engineered for volume manufacturing. Mesa Quantum develops quantum-optimized VCSELs (Q-VCSEL™) that serve as photonic building blocks for next-generation quantum sensing and computing systems. With expertise drawn from Sandia and NIST national laboratories in vapor cell-based devices, Mesa Quantum’s vision is to make quantum clocks and sensors small enough and affordable enough for mass-market applications. Mesa Quantum was awarded the pilot Quantum Technologies Award in 2025 and will use this funding to build on work previously enabled by the state, including expanding its footprint in Albuquerque.
Photon Queue $200,000
Photon Queue Inc. builds quantum memory devices that quantum computers need to scale. The company’s novel free-space architecture stores photons by routing them through compact mirror arrangements, effectively placing the photons on a treadmill that holds them until they are needed. Operating at room temperature with no exotic infrastructure, Photon Queue’s devices deliver industry-leading performance that is accelerating the development of quantum computing. Based in Chicago, the company will use this funding to expand operations into New Mexico.
UbiQD $200,000
UbiQD is a New Mexico-based nanotechnology company that develops and manufactures quantum dots, nanoscale semiconductor materials with applications in agriculture, renewable energy, and advanced quantum photonics. Founded in Los Alamos and built on technology licensed from Los Alamos National Laboratory and MIT, UbiQD is a global leader in quantum dot manufacturing and is constructing a large-scale production facility in New Mexico to support growing demand for its products.
2025
Mesa Quantum $100,000
Mesa Quantum, a Colorado-based company, will use the state funds to establish a presence in New Mexico, hiring and further developing Vertical-Cavity Surface-Emitting Laser (VCSEL) technology in collaboration with the Center for Integrated Nanotechnologies (CINT) at Sandia National Labs. Mesa Quantum is also developing the next generation of chip-scale quantum devices for advanced Position, Navigation, and Timing (PNT) applications.