The New Mexico Quantum Technologies Award Pilot Program is a competitive state-funded grant that awards non-dilutive funds to early-stage companies working in quantum technologies. Eligible companies must be located in New Mexico or establish a presence in New Mexico.
Through this award, the New Mexico Economic Development Department seeks to support the growth or relocation of quantum technology companies in New Mexico to expand economic base businesses and create jobs.
The department seeks to make five awards of $100,000 each. Award funds must go toward company activity in New Mexico, and awardees will agree to maintain their company presence in the state for a minimum of two years. Applicants outside of the state must affirm their ability to establish a company presence in New Mexico, should they be selected for an award. Awards made by this pilot program cannot be the first money in — previously secured funding from additional sources is required.
Eligible applicants must:
