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OpenState programOpen to for-profit businesses

Targeted Federal Match Grants (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) pursuing priority federal R&D programs (e.g., DARPA QBI Stage C) with at least $1 million in non-state funding can get state matching grants of $1 million or more. Rolling, first come, first served.

About this grant

Provides state matching grants (minimum $1,000,000, no fixed maximum) for projects that secure at least $1 million in non-state funding and align with priority federal programs such as DARPA's Quantum Benchmarking Initiative Stage C; total project cost must be at least $2 million. TIO issues a commitment letter applicants can attach to their federal application. Applications are decided on a rolling, first-come, first-served basis while funding lasts.

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 committing to register before any funds are disbursed)

Must secure at least $1 million in non-state funding; total project cost of at least $2 million

Project must align with a priority federal program named in the solicitation

Topics and uses of funds

Topics

  • Technology
  • R&D
  • Economic development

Money can be used for

  • R&D
  • Matching funds

Program contact

info.tio@edd.nm.gov

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