The New Mexico Economic Development Department is offering Science and Technology Business Start-Up Grants to eligible for-profit science and technology companies with fewer than 50 employees.
Grant amounts are $10,000- $25,000 to each awarded company that must agree to seek out additional funding and provide 6-month and 12-month status reports.
Eligible companies must be in one of the following industry sectors: aerospace, biosciences, cybersecurity, intelligent manufacturing, or sustainable and green energy. Companies must have the potential for high growth, as determined by these guidelines:
- Unique product or service
- Clear and compelling business proposition
- Scalable product and business model
- Capable team
- Potential to create jobs in New Mexico, private investment
- Economic benefit to the state
Apply by 5:00 pm Monday, January 31, 2022.
>More information and application
Rural Efficient Business Program
Another signature EDD business-building effort is the Rural Efficient Business Program, which assists businesses with saving money by becoming energy efficient.
Brownrice Internet of Taos used the program to help it apply for funding from the USDA’s Rural Energy for America Program (REAP). The awarded REAP money helped Brownrice build a solar parking structure, adding to the company’s other energy-efficient structures, which include its state-of-the-art solar-powered data center.
The president of Brownrice Internet will share his thoughts on how to successfully apply for the grant. He will also offer options for utilizing the funding.
>Listen in at 10:00 am on January 26
Curious about other programs and resources offered by the EDD?
Join representatives from the New Mexico Economic Development Department (EDD) as they give an overview of their programs and identify what’s new for 2022.
>Get the EDD’s resource overview/update at 10:00 am on January 27