New Mexico Economic Development Department Accepting Grant Applications for Science and Technology Startups

The New Mexico Economic Development Department (NMEDD) has announced that it is now accepting grant money applications from science and technology business startups. The New Mexico Science & Technology Business Startup grant, a state-funded grant, is aimed at providing financial support to small businesses engaged in research and technology development.

The grant money provided by NMEDD will be used to assist companies in the early stages of product development with the goal of creating a unique product that has potential for growth. The funding is intended to cover business development expenses and provide resources to facilitate the commercialization of technology during its early stages.

To be eligible for the grant, applicants must operate in the aerospace, bioscience, cybersecurity, intelligent manufacturing, or sustainable/green energy fields. Additionally, they must be New Mexico-based for-profit science or technology companies.

Potential applicants can find more information on the NMEDD website. The deadline for applications is 5:00 p.m. on Monday, September 4, 2023. Inquiries regarding the grant can be directed to Program Coordinator Jeff Hall via email at [email protected].