Grant & Contract Funding Opportunities

NM EDD Science & Technology Business

Start-Up Grants

High growth New Mexico companies in the science and technology field with fewer than 50 employees may qualify for a grant of $10,000 – $25,000.

ELIGIBILITY:

  1. New Mexico based for profit science or technology company in the one of the following industry sectors (Aerospace, Biosciences, Cybersecurity, Intelligent Manufacturing, Sustainable, and Green Energy).
  2. Have a CRS Tax ID, EIN#, Company headquarter in NM
  3. Be a “high-growth-potential company” with fewer than 50 employees
  4. 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:

  • Aerospace
  • Biosciences
  • Cybersecurity
  • Intelligent Manufacturing
  • Sustainable and Green Energy

“High-Growth-Potential Company”

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
 

Application deadline: Monday, Jan. 31, 2022 5:00 p.m. MT​

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