New Mexico Innovation Hubs Grant

Explore the New Mexico Innovation Hubs Grant, offering up to $2.5M in funding to develop innovation spaces, support entrepreneurship, and accelerate technology commercialization. Home Grants New Mexico Innovation Hubs Grant New Mexico Innovation Hubs Grant The New Mexico Innovation Hub Grant supports the creation and improvement of space and collaborative environments that provide the foundational resources companies need to start, scale and succeed in New Mexico. Launched in 2025 with new legislative funding, the program is designed to address gaps in entrepreneurial infrastructure as identified in the state’s Science & Technology roadmap . Innovation hubs are defined as planned or existing entities with a physical presence in New Mexico that incubate technology innovation through services and facilities used by multiple stakeholders. Innovation hubs support technology commercialization through shared collaborative environments that drive economic growth in New Mexico. These innovation hubs are expected to contribute to the growth and diversification of New Mexico’s economy and have alignment with one or more of TIO’s priority sectors: Advanced Computing, Advanced Energy, Aerospace & Defense Systems, and Bioscience. Information about the next application period will be posted as it becomes available. Past Awardees 2026 New Mexico Venture Studios With the Innovation Hubs Grant, New Mexico Venture Studios will transform an existing Albuquerque warehouse into a specialized wet lab, dry lab and office space. This investment addresses a critical infrastructure gap that often forces life science and deep tech startups to leave the state in search of suitable facilities. The laboratory and workspace will be designed to support company formation and scale-up, enabling startups to commercialize research, retain intellectual property and generate economic impact within New Mexico. New Mexico Innovation Hub With support from the Innovation Hubs Grant, New Mexico Innovation Hub will renovate Benildus Hall in Santa Fe Midtown as the home of a new state-of-the-art innovation campus. The 32,000-square-foot facility will provide essential infrastructure, including advanced prototyping equipment, a high-performance computing cluster, lab space, offices and event space. These resources will support early-stage companies, workforce development and cross-sector collaboration, creating a center of gravity for New Mexico’s innovation economy and attracting top talent and companies from around the world.