United States / Funding / By state / New Mexico
Funding for startups in New Mexico
New Mexico runs 7 programmes of its own, and 2 of them take applications right now. The 63 federal programmes further down are open to New Mexico companies too. We read each one on its official site and note the date we checked.
Run by New Mexico and local bodies
Job Training Incentive Program (JTIP)
New Mexico Economic Development Department · New Mexico
Reimburses 50 to 90% of wages for up to 6 months while a New Mexico company trains newly hired workers in export-oriented jobs.
NM Collateral Assistance Program (CAP) 2.0
New Mexico Economic Development Department · New Mexico
State cash support covers up to half of a New Mexico small-business loan's collateral shortfall, arranged through the borrower's own lender.
Capital Connect
New Mexico Economic Development Department (SSBCI technical assistance contractors: WESST, HatchForm, Revby, UNM Anderson) · New Mexico
A free 3-month cohort of financial and legal consulting to get New Mexico small businesses ready to raise loans, grants or investment.
New Mexico Quantum Technologies Award
New Mexico Economic Development Department (Technology & Innovation Office) · New Mexico
Up to $200,000 for funded quantum-technology companies that open and keep a physical presence in New Mexico for two years.
New Mexico Science and Technology Business Startup Grant
New Mexico Economic Development Department (Technology & Innovation Office) · New Mexico
Grants of $25,000 to $50,000 to help early-stage New Mexico tech companies commercialize a product and win first customers.
NM Small Business Innovation Research (SBIR/STTR) Matching Grant
New Mexico Economic Development Department (Technology & Innovation Office) · New Mexico
Matches $25,000 to $100,000 in commercialization costs for New Mexico companies that already won a federal SBIR or STTR award.
Local Economic Development Act (LEDA)
Economic Development New Mexico, via local government fiscal agents · New Mexico
Reimburses land, building and infrastructure costs for New Mexico manufacturing and agricultural businesses, applied for through the local city or county.
Want to filter these by amount or stage? Open them in the full directory.
Federal programmes open to New Mexico businesses
Grants 23
- AFWERX SBIR/STTR & Army xTechup to $15M
- Amber Grant for Womenup to $50k
- ARPA-E
- ARPA-H
- Comcast RISEup to $5k
- DHS SBIRup to $1M
- DoD SBIR/STTRup to $2.15M
- DOE SBIR/STTRup to $2.15M
- ED/IES SBIRup to $1M
- EDA Build to Scale (B2S)up to $5M
- EPA SBIRup to $400k
- Federal and State Technology (FAST) Partnership Program
- FedEx Small Business Grant Contestup to $50k
- NASA SBIR/STTRup to $1.27M
- NIH SBIR/STTRup to $4.19M
- NOAA SBIRup to $690k
- NSF SBIR/STTR — America's Seed Fund powered by NSFup to $1.25M
- Rural Energy for America Program (REAP) — Renewable Energy Systems & Energy Efficiencyup to $25M
- SBA Growth Accelerator Fund Competition (GAFC)up to $200k
- SBIR/STTR (America's Seed Fund)up to $2.15M
- US DOT SBIRup to $200k
- USDA NIFA SBIR
- Value-Added Producer Grant (VAPG)up to $200k
Loans & guarantees 15
- CAPLines (SBA 7(a) Lines of Credit)up to $5M
- CDFI Fund — Certified Community Development Financial Institution Network
- DOE Loan Programs Office (Office of Energy Dominance Financing)
- Export Working Capital Program (EWCP)up to $5M
- International Trade Loan Program (ITL)up to $5M
- Military Reservist Economic Injury Disaster Loan (MREIDL)up to $2M
- SBA 504 Loan Program (CDC/504)up to $5.5M
- SBA 7(a) Loan Programup to $5M
- SBA Community Advantage Loansup to $1M
- SBA Disaster Loans (Physical Damage & Economic Injury)up to $2M
- SBA Microloan Programup to $50k
- SBA-504 and 7(a) Combined Loan Cap ($10M)up to $10M
- EXIM Working Capital Guarantee Programup to $10M
- SBA Surety Bond Guarantee Programup to $14M
- State Small Business Credit Initiative (SSBCI)
Tax benefits 8
- Federal R&D Tax Credit (Section 41)
- New Markets Tax Credit (NMTC)
- QSBS Section 1202 Exclusionup to $15M
- Qualified Opportunity Zones (QOZ)
- R&D Payroll Tax Offset (Qualified Small Business Payroll Tax Credit)up to $500k
- Section 174A Domestic R&D Expensing Restoration
- State R&D Tax Credits (multi-state landscape)
- Work Opportunity Tax Credit (WOTC)up to $2.4k
Equity 7
- 500 Global Flagship Acceleratorup to $150k
- Antler US Residency
- gener8tor Investment Acceleratorup to $100k
- HAXup to $250k
- Neo Accelerator
- Techstars Standard Investment Termsup to $220k
- Y Combinator Standard Dealup to $500k
Support & credits 10
- AWS Activateup to $200k
- Google for Startups Cloud Programup to $350k
- Microsoft for Startupsup to $150k
- MassChallenge Accelerator Programs (Traction & Challenge)
- MBDA Business Center Network
- NIST Manufacturing Extension Partnership (MEP)
- NVIDIA Inception
- Plug and Play Accelerator Programs
- SBA 8(a) Business Development Program
- Women-Owned Small Business (WOSB) Federal Contract Program
The other New Mexico deadline funders will ask about
Most programmes above ask for financials and a company in good standing. In New Mexico that means the Triennial Report (disputed / not yet confirmed in official rules) — Not confirmed on an official source. If HB281 (2023 Regular Session, NM 56th Legislature, effective 7/1/2024) is accurately described in available search snippets, LLCs owe a triennial report due at the end of the third calendar month after the certificate of organization's effective date, then every 3 years in that month.
This page exists because New Mexico has at least 2 verified programmes of its own. See every state, or tell us about a New Mexico programme we are missing via the contact page.
Funders read the books before the pitch
Every programme on this page asks for financials in a particular shape. We keep New Mexico books in that shape year-round, so applying is an export rather than a rebuild.