New Mexico SBIR Matching Grant - Program Year 2027
Ends on
New Mexico SBIR/STTR Matching Grant
Federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants are competitive federal grants that support small businesses engaged in research and development (R&D) with potential for commercialization. SBIR grants cover costs associated with R&D, but do not cover expenses related to business development. Ineligible costs under an SBIR grant include marketing and salaries for employees related to business operations.
The New Mexico SBIR/STTR Matching Grant provides recipients additional resources to commercialize the technology developed with federal funding. This program leverages the Federal funding for SBIR/STTR recipients, whose technologies have been vetted by national experts and have been awarded for proof-of-concept and R&D activities. State-level matching programs nationwide are found to lead to follow-on funding, stimulate business growth and expansion, generate wealth, and increase tax revenue and commercial viability of the receiving firms.
Only companies headquartered in New Mexico are eligible for this award.
The grant manual can be found here.
For technical assistance with the online application, please contact:
Mark Gilboard, TIO Sr. Economic Development Coordinator mark.gilboard@edd.nm.gov