Science & Technology Business Start-Up Grants

Companies in a science  and technology field, with fewer than 50 employees, and who are deemed to be "high growth" may qualify for a grant up to $10,000.  

ELIGIBILITY:

1.    New Mexico based for profit science or technology company in the one of the following industry sectors (Aerospace, Biosciences, Cybersecurity, Intelligent Manufacturing, Sustainable & Green Energy).
2.    Have a CRS Tax ID, EIN#, Company headquarter in NM
3.    Be a “High-growth-potential company” with fewer than 50 employees
4.    Provide a letter of good standing or Certificate of Compliance with NM Taxation and Revenue

Eligible companies must be working in one of the following sectors:

• Aerospace
• Biosciences
• Cybersecurity
• Intelligent Manufacturing
• Sustainable & Green Energy

"High Growth Potential Company"

The following guidelines will be used to determine whether an applicant qualifies as high growth:

• Unique product or service
• Clear and compelling business proposition
• Scalable product and business model
• Capable team
• Exit potential, potential to create jobs in New Mexico, and/or private investment 
• Economic benefit to the state will be greater than the grant award

The first round of applications are due COB Monday, January 27, 2020.

DOWNLOAD THE APPLICATION HERE

DOWNLOAD THE EXECUTIVE SUMMARY HERE

Documents to include with application: 

• Executive Summary- (use .doc template)
• Completed Budget form (see application)
• Pitch Deck no more than15 slides (see guidelines in the application)
• Provide a letter of good standing or Certificate of Compliance with NM Taxation and Revenue

Incomplete applications will be disqualified.