About this programme
The New Mexico Quantum Technologies Award (NMQTA) is a competitive, state-funded grant that awards non-dilutive funds to early-stage companies working in quantum and quantum-enabling technologies, located in or establishing a presence in New Mexico. The Technology and Innovation Office (TIO), part of the New Mexico Economic Development Department, administers it.
The state's goal is to support the growth or relocation of quantum technology companies in New Mexico, expanding the state's economic base and creating technology-sector jobs. TIO makes awards of up to $200,000 each to eligible companies, with applications due April 30 in years the program runs.
The award started as a pilot in 2025, when Mesa Quantum received $100,000 to establish a New Mexico presence and develop Vertical-Cavity Surface-Emitting Laser (VCSEL) technology with the Center for Integrated Nanotechnologies at Sandia National Labs. In 2026 the program made six awards of $200,000 each: Bandelier Technologies (quantum sensing, Santa Fe, working with Los Alamos National Laboratory), Conductor Quantum (AI software for operating quantum computers, expanding from San Francisco into New Mexico), Mesa Photonics (a squeezed laser source for research applications, Santa Fe), Mesa Quantum (returning after its 2025 pilot award, expanding its Albuquerque footprint), Photon Queue (quantum memory devices, expanding from Chicago), and UbiQD (quantum dot manufacturing, Los Alamos, building a large-scale production facility in the state).
How it works
Awards go up to $200,000 per company, as non-dilutive funding, meaning the company gives up no equity.
Recipients must establish or maintain a physical New Mexico presence for the grant period, including a New Mexico Business Tax Identification Number, a physical New Mexico address, an EIN, and employees physically present and working in the state.
The company must keep that New Mexico presence, physical space plus at least one employee, for two years after the award.
Who can apply
The company must already be established and have prior outside funding.
It must commit to establishing and maintaining a physical New Mexico presence (tax ID, address, EIN, and in-state employees) for two years after the award.
Frequently asked
Is the Quantum Technologies Award still open for applications?
No, applications are currently closed. When the program runs, applications are due April 30.
How much can a company receive?
Up to $200,000, as a non-dilutive grant. The 2025 pilot round awarded $100,000; the 2026 round made six awards of $200,000 each.
Do I need to have raised outside funding already?
Yes, the award is for established companies with prior outside funding.
What do I have to do to keep the money?
Maintain a physical presence in New Mexico, including a business tax ID, physical address, EIN, and at least one employee working in-state, for two years after the award.
Does the company have to already be based in New Mexico?
No. Several 2026 awardees, including Conductor Quantum and Photon Queue, were based outside New Mexico and used the award to expand operations into the state.
More funding in New Mexico
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NM Small Business Innovation Research (SBIR/STTR) Matching Grant
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All 7 programmes in New Mexico →
Reviewed 2026-09-25. Programmes change, so check eligibility, amounts and deadlines on the official page before you apply. CapEasy is a private firm and is not part of any government body.