New Mexico Innovation Vouchers are small competitive grants which enable early stage science or technology companies to overcome discrete barriers to reaching market potential. These grants offset costs for services offered by approved programs. Innovation Vouchers allow 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 an incubator and thus be able to travel to pitch to investors.
Applicants must be science or technology companies affiliated with an approved program. Approved programs are identified on the application. Applications are due the second Friday of each month and will be reviewed by the Technology Research Collaborative. Applicants will be notified of the decision by the end of the month in which they applied. Up to $4,000 will be awarded each month. Individual awards will be capped at $2,000. Applicants must carefully price their needs and clearly explain the services the voucher will offset. While the business is the applicant, the funding goes directly to the approved program.
For more information contact your Regional Representative or Julia Wise at JuliaL.Wise@state.nm.us or 505-827-0222.