Innovation Vouchers

New Mexico Innovation Vouchers are competitive grants designed to enable early stage science and technology companies to overcome business development barriers. This is achieved by providing small amounts of funding at critical moments during company growth. Innovation Vouchers offset the cost of services offered by approved programs allowing companies to focus on and achieve strategic business development goals. For example, a company can use an Innovation Voucher for one month's rent at a state certified incubator and thus be able to travel for customer recruitment.

ELIGIBILITY:

1. Applicants must be a New Mexico based science or technology company and with a NM address
2. Applicants must have an EIN#
3. Applicants must be associated with an approved program. See the list here.
4. Companies are limited to one award per calendar year and no more than three awards over the lifetime of the company.
5. Companies cannot have more than one active voucher at a time.
6. Vouchers must be used for future services and cannot be used to pay for past services provided.

APPLICATION PROCESS:

Incomplete or incorrectly filled out applications will not be considered. Please read the instructions carefully and work closely with your approved program or the NMEDD Regional Representative in your region on the application.

Applications will be evaluated each quarter and will be due on following days (November 30th 2018, February 28th 2019, and May 31st, 2019). Up to 4 awards will be issued during each application period. Individual awards are capped at $2,000. Applicants will be notified of the decision 2-3 weeks following the application submission and deadline.

Applications are reviewed by the Technology Research Collaborative. Applicants are encouraged to re-apply if they are rejected and will receive feedback on their applications if not awarded a voucher.