New Mexico SBIR Matching Grant is sponsored by New Mexico Economic Development Department. This program provides additional resources to New Mexico companies with an active federal Phase I or Phase II SBIR/STTR grant, to accelerate the commercialization of their technologies. Prioritized industry sectors include Aerospace, Biosciences, Advanced Computing, Water Technologies, and Advanced Energy.

SBIR/STTR Matching Grant (New Mexico) is sponsored by New Mexico Economic Development Department, Technology and Innovation Office (TIO). The SBIR/STTR Matching Grant awards non-dilutive funds for business development expenses to selected New Mexico recipients of federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) awards. This grant supports the commercialization of technologies developed with federal SBIR/STTR awards.

New Mexico Science & Technology (S&T) Business Startup Grant is sponsored by New Mexico Economic Development Department. This competitive state-funded grant supports New Mexico-headquartered small businesses engaged in research and development (R&D) to commercialize unique technologies or products with strong growth potential. It specifically lists Aerospace & Defense Systems as a priority sector. Funding can be used for intellectual property assessment, patent filing, outside lab testing and validation, regulatory assessment, and market research, which are all crucial for hardware prototype development.