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.