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NEW MEXICO ECONOMIC
DEVELOPMENT DEPARTMENT

Technology and Innovation Office

Science & Technology Business Startup Grants

High-growth New Mexico companies in the science and technology field may qualify for a grant of $25,000 – $50,000.

ELIGIBILITY:

New Mexico based for profit science or technology company in the one of the following industry sectors listed below.
Have a CRS Tax ID, EIN#, Company headquarter in NM.
Be a high-growth-potential company.
Provide a letter of good standing or Certificate of Compliance with NM Taxation and Revenue.

Eligible companies must be working in a science and technology sector:

High-Growth-Potential

The following guidelines will be used to determine whether an applicant qualifies as high growth:

Unique product or service
Clear and compelling business proposition
Scalable product and business model
Capable team
Exit potential, potential to create jobs in New Mexico, and/or private investment
Economic benefit to the state will be greater than the grant award

The current round of applications closed on September 24, 2024.