New Mexico SBIR/STTR Matching Grant
New Mexico Economic Development Department — Technology and Innovation Office
Up to $50K (Ph I) / $100K (Ph II)
Researched for this program: 5 rejection traps · 6 required documentsWhat decides this award ↓
NM pays for what your federal SBIR won't cover
New Mexico's Technology and Innovation Office supplements federal SBIR/STTR awards with state commercialization grants of up to $50,000 for Phase I and up to $100,000 for Phase II. Unlike federal SBIR funds, the NM matching grant covers business development activities federal agencies won't reimburse — customer acquisition, IP filing, regulatory work, and market entry. Aerospace, biosciences, advanced computing, water tech, and advanced energy companies are prioritized.
- Funding type
- Grant
- Level
- State
- Amount range
- $100,000
- Realistic amount
- Phase I matching: typically $30,000–$50,000. Phase II matching: $50,000–$100,000. Five companies were publicly named as…
- Deadline
- Annual competitive round — FY26 applications open per KRQE coverage (early 2026 cycle). Check edd.newmexico.gov for current cycle status.
- Status
- active
- States
- NM
- Payment model
- reimbursement
Who qualifies
- Business must be a New Mexico-based for-profit company
- Must hold an active federal SBIR or STTR Phase I or Phase II award
- OR: must be within 3 months of a Phase I award ending and intend to apply for Phase II
- Priority given to: Aerospace, Biosciences, Advanced Computing, Water Technologies, Advanced Energy
- All NM-based for-profit SBIR/STTR companies are eligible — sector priority affects ranking, not eligibility
Hard requirements
- Must be incorporated
- Requires a prior Phase I award
- Location restriction: New Mexico — business must be headquartered in New Mexico
What it covers
Eligible expenses
- Customer acquisition and market development activities
- Intellectual property filing and patent costs
- Regulatory assessment and certifications (FDA, FAA, EPA, etc.)
- Investor and partner meetings (travel and related)
- Trade show attendance (limited to 10% of award)
- Market research and competitive analysis
- Business development consulting
Ineligible expenses
- Payroll and employee salaries
- Research and development activities
- Materials or supplies over $100
- Alcohol, food, drugs
- Personal expenses
How to apply
-
1
Win a federal SBIR or STTR award
Receive a Phase I or Phase II SBIR/STTR award from any federal agency. New Mexico-based companies within 3 months of Phase I ending may also apply.
~80 hrs
-
2
Apply during the annual NM TIO window
Submit application to the NM Technology and Innovation Office during the annual cycle. Provide federal award documentation, commercialization plan, and budget for business development activities.
~8 hrs
-
3
Award notification and grant agreement
TIO reviews applications and awards grants competitively. Execute the grant agreement upon selection.
~2 hrs
-
4
Implement and report
Use matching funds for eligible commercialization activities. Submit required reports on milestones and outcomes.
~4 hrs
Funds can only cover business development expenses the federal agency won't pay for — think customer meetings, IP filing, and market validation, not R&D or payroll.
Deadline & timing
Annual competitive application cycle. FY26 applications opened in early 2026. Monitor edd.newmexico.gov for exact deadlines for each cycle.
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