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OpenState programOpen to for-profit businesses

Capital Leverage Grant (Research, Development & Deployment Fund)

New Mexico Economic Development Department, Technology & Innovation Office (TIO)No deadline listedFrom $1,000,000

Summary

Businesses registered in New Mexico (and public entities) that raise at least $1 million in federal, philanthropic or private money for an advanced technology project can apply for a state matching grant of at least $1 million. Rolling letters of intent.

About this grant

Matches outside federal, philanthropic or private investment with state RD&D Fund grants of at least $1,000,000 for advanced technology companies and research institutions; projects need at least $1,000,000 in non-state funding. Requests up to $10,000,000 follow Pathway 1 (about 60-day decision target) and larger requests Pathway 2 (about 90 days). Letters of intent and applications are accepted and decided on a rolling basis while funding remains.

Who can apply

  • Small businesses
  • For-profit companies
  • State and local governments
  • Colleges and universities

A New Mexico public entity, or a business registered to do business in New Mexico (or one that commits to register before funds are disbursed)

Must secure at least $1,000,000 in non-state (federal, philanthropic or private) funding for the project

Topics and uses of funds

Topics

  • Technology
  • R&D
  • Economic development

Money can be used for

  • R&D
  • Matching funds
  • Expansion

Program contact

info@edd.nm.gov

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