Targeted Federal Match Program

Targeted Federal Match 

TIO is now accepting applications for the Targeted Federal Match solicitation, the first under the state’s new Research, Development & Deployment (RD&D) Fund. It is dedicated to matching funds for a defined set of priority federal programs that align with the state’s technology and innovation priorities and target sectors. State matching funds are available for projects that secure at least $1 million in non-state funding. 

At-a-glance: 

• What this is: An always-open (rolling) solicitation that uses Research, Development and Deployment (RD&D) Fund grants to match or otherwise leverage funding from priority federal programs into New Mexico projects. 
• Instrument: Grants only. 
• Who can apply: A New Mexico public entity, or a business registered to do business in New Mexico (or that commits to register before any funds are disbursed). 
• Minimum RD&D Fund grant: $1,000,000 per award. 
• Minimum non-State funding: $1,000,000 per project. 
• How it works: Apply or otherwise pursue non-State funding; TIO runs a light eligibility and RD&D-fit screen; TIO issues a commitment letter you attach to your application or other proposal; TIO reserves the funds and disburses them only if you win the outside award or funding. 
• Deadlines: Applications are accepted and decided on a rolling, first-come, first-served basis for as long as funding remains available. 
• Target turnaround: Within 20 working days of a complete application. TIO offers an expedited option in the case of documented exigent circumstances. 

If you have questions about your submission, please reach out to our Director, Nora Sackett at nora.sackett@edd.nm.gov