NM Small Business Innovation Research (SBIR) Matching Grant

Apply for the NM SBIR Matching Grant to help commercialize technology and grow your small business after receiving federal SBIR/STTR funding. Home Grants NM Small Business Innovation Research (SBIR) Matching Grant NM Small Business Innovation Research (SBIR) Matching Grant Small Business Innovation Research (SBIR) Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants are competitive federal grants that support small businesses engaged in research and development (R&D) with the potential for commercialization. The New Mexico SBIR Matching Grant provides recipients additional resources to commercialize the technology being developed with federal SBIR funding. This program leverages the fact that SBIR awardees have technologies vetted by national experts and are recipients of federal funding that covers proof-of-concept and R&D funding. State-level matching programs nationwide are found to lead to follow-on funding, stimulate business growth and expansion, generate wealth, increase tax revenue, and increase the commercial viability of the receiving firms. The purpose of the New Mexico SBIR Matching Grant is to accelerate the commercialization of technologies being developed with SBIR awards. Awards will fund and assist New Mexico companies with the goal of market entry, customer acquisition, business expansion, job creation, and increasing the tax base. All New Mexico-based for-profit companies with an active Phase I or Phase II SBIR/STTR (or businesses within three months of a Phase I having ended with intentions of applying for a Phase II) are eligible to apply. Science or technology companies in any of the following industry sectors will be prioritized: Computing, Water Technologies, and Advanced Energy. New Mexico SBIR Matching Grants cover expenses related to business development that are not eligible for federal SBIR funds. Eligible funding use for the NM SBIR Matching Grants include: Intellectual property assessment Patent filing Outside lab testing and validation Regulatory assessment and certifications Meeting with investors Attending trade shows (no more than 10% of total awarded funds) Market research and data acquisition Ineligible funding use for the NM SBIR Matching Grants: Payroll expenses Research & Development Materials or supplies over $100 , etc. Laboratory or Business Equipment Applications window for FY26 closed on June 10, 2025.  FY 2026 SBIR Grant Manual View the Informational Webinar:

All New Mexico-based for-profit companies with an active Phase I or Phase II SBIR/STTR (or businesses within three months of a Phase I having ended with intentions of applying for a Phase II) are eligible to apply. Science or technology companies in any of the following industry sectors will be prioritized: Computing, Water Technologies, and Advanced Energy. New Mexico SBIR Matching Grants cover expenses related to business development that are not eligible for federal SBIR funds.