October 12, 2023 at 1pm - required informational webinar for all applicants
November 13, 2023 at 5pm - applications close
Award Amount: This is a matching grant for up to $100,000
Eligible Entities: New Mexican companies with an active Phase I or Phase II SBIR award or letter of award.
Description: Small Business Innovation Research (SBIR) grants are competitive federal grants that support small businesses engaged in research and development (R&D) with a potential for commercialization. The New Mexico SBIR Matching Grant provides recipients additional resources to commercialize the technology developed with federal SBIR funding. This program leverages the fact that SBIR recipients have technologies vetted by national experts and provide funding that covers proof-of-concept and R&D funding. State level matching programs nationwide are found to lead to follow-on funding, stimulate business growth and expansion, generate wealth, increase tax revenue and commercial viability of the receiving firms.
The purpose of the New Mexico SBIR Matching Grant is to accelerate commercialization of technologies developed with SBIR awards. Awards will fund and assist New Mexico science and technology companies with the goal of market entry, customer acquisition, business expansion, job creation, and increasing the tax base.
Eligible funding use for the New Mexico SBIR Matching Grants include: