The New Mexico Economic Development Department’s Technology and Innovation Office is now accepting applications for the FY26 Science and Technology Business Startup Grant.
The initiative is a competitive state-funded grant that supports small businesses engaged in research and development with the potential for commercializing their technology. This grant assists early-stage companies that are developing a unique product and exhibit strong growth potential.
Funds are intended for business development expenses, providing recipients with additional resources to commercialize their technology in their company’s early stage. Projects may be awarded between $25,000 and $50,000.
New Mexico-based for-profit science or technology companies are eligible to apply. Applicants must be in one of the following industry sectors: advanced computing, advanced energy, aerospace, or bioscience.
Science & Technology Business Startup Grant awardees in 2024 included companies commercializing technologies in space-based communications, water treatment, med-tech, and geothermal energy development.
Application Details
Application deadline: Tuesday, September 3, 2025, at 5 p.m. MST
Applications and full grant manuals: available on the Science & Technology Business Startup Grant webpage at edd.newmexico.gov/tio/st-business-start-up-grants.
Informational webinar: Tuesday, August 19, 2025, at 1 p.m. MST
Contact: Michael Prossnitz, senior economic development coordinator, Technology and Innovation Office at michael.prossnitz@edd.nm.gov.
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