Joseph M. Montoya Building
1100 S. St. Francis Drive
Santa Fe, NM 87505
Albuquerque Office
500 Marquette Ave NW Suite 640
Albuquerque, NM 87102
The Technology and Innovation Office (TIO), formerly the Office of Strategy, Science and Technology, connects New Mexico innovation to the commercial market. TIO 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 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 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.
The Science & Technology Business Startup Grant awards non-dilutive funds for business development expenses to early-stage New Mexico companies commercializing new technology.
The Entrepreneurship Programmatic Support Grant awards non-dilutive funds to proposals that support the operational needs of entrepreneurship-focused organizations, including incubators, accelerators, or venture studios. This funding is designated to help organizations sustain, expand, or establish new programs and services that advance innovation, entrepreneurship, and technology commercialization.
The Innovation Hubs Grant is a competitive state-funded grant that awards non-dilutive funds to proposals for physical infrastructure that support the development, expansion, or improvement of physical spaces or facilities that enable or foster innovation, entrepreneurship, and technology commercialization.
The Advanced Energy Award Pilot Program awards non-dilutive funds to New Mexico companies developing and commercializing technologies in advanced energy.
The 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.
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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New Mexico Economic Development Department
Main number: (505) 827-0300 (se habla español)
Deaf & hard of hearing assistance:
text (505) 827-0300
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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