The New Mexico Economic Development Department (EDD) will sweeten the pot for up to five small companies that receive Small Business Innovation Research (SBIR) grants from the federal government to help in the research and development of technologies with high potential for commercialization.
The EDD is accepting applications until February 18 from federal grant recipients who want an additional infusion from New Mexico’s SBIR Matching Program. Despite the program’s name, it’s not a dollar-for-dollar match: Federal SBIR awards can range from hundreds of thousands of dollars to several million, while the New Mexico match is limited to $50,000. Continue reading