Innovation Hubs Grant is sponsored by New Mexico Economic Development Department. This program provides funding to develop, expand, or improve physical spaces that foster innovation, entrepreneurship, and technology commercialization, including shared workspaces, equipment and laboratories, and collaborative environments.

New Mexico Innovation Hubs Grant - Funding for Innovation - NM Economic Development Department Ready to grow in New Mexico? Have comments or questions? We’re here to help.

Science and Technology Roadmap Event Invitation and Speaking Request Form Science & Technology Roadmap Roadmap to turn our research strengths into long-term economic growth and jobs.

Creative Industries Division (CID) Justice, Equity, Diversity and Inclusion (JEDI) Office Technology and Innovation Office (TIO) Food, Hunger, and Agriculture Program Office of International Trade (OIT) Outdoor Recreation Division (ORD) Technology and Innovation Office Helping you grow your technology-based business in New Mexico.

County Economic Summaries Job Training Incentive Program Funds training and upskill 398 workers in the first quarter of 2026.

Local Economic Assistance & Development Support (LEADS) Local Economic Development Act (LEDA) Healthy Food Financing Fund (HFFF) Creative Industries Division Creative Support Organization Grant Business Development & Expansion Grant Creative Industries Public Development Projects Technology & Innovation Office NM Science and Technology Business Startup Grant NM Small Business Innovation Research (SBIR) Matching Grant NM Entrepreneurship Programmatic Support Grant Outdoor Recreation Division Outdoor Recreation Trails+ Grant Quantum Technologies Award Funds up to $200,000 to early-stage companies.

Due April 30. Local Economic Development Act (LEDA) Job Training Incentive Program (JTIP) State Small Business Credit Initiative (SSBCI) NM Collateral Assistance Program (CAP) 2.

0 Technology and Innovation Business Assistance Program Outdoor Business Accelerator Business Incubator Certification Business Retention & Expansion Program (BRE) Certified Economic Development Organization (EDO) New Mexico MainStreet Program New Mexico Commercial Property Assessed Clean Energy Program (C-PACE) Strategic Site Readiness Program Preparing high-value sites for future economic development.

New Mexico Innovation Hubs Grant New Mexico Innovation Hubs Grant The New Mexico Innovation Hub Grant supports the creation and improvement of labs, offices, prototyping 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 support, enable, accelerate, or incubate technology innovation through services and facilities used by multiple clients, partners, or stakeholders.

Innovation hubs support innovation, entrepreneurship, and technology commercialization through shared spaces, equipment, and 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.

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.

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