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Find similar grantsTargeted Federal Match Grant (Research, Development & Deployment Fund) is sponsored by New Mexico Economic Development Department (via federal programs). This New Mexico state grant provides matching support to New Mexico technology companies that have secured at least $1 million in non-state funding through priority federal programs.
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Targeted Federal Match - Commercializing 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 New Mexico MainStreet Program (NMMS) 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 Technology & Innovation Grant Programs 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 Recreation 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.
Technology and Innovation Office (TIO) TIO is now accepting applications for the Targeted Federal Match solicitation, the first under the state’s new Research, Development & Deployment (RD&D) Fund. It is dedicated to matching funds for a defined set of priority federal programs that align with the state’s technology and innovation priorities and target sectors.
State matching funds are available for projects that secure at least $1 million in non-state funding. What this is: An always-open (rolling) solicitation that uses Research, Development and Deployment (RD&D) Fund grants to match or otherwise leverage funding from priority federal programs into New Mexico projects.
Who can apply: A New Mexico public entity, or a business registered to do business in New Mexico (or that commits to register before any funds are disbursed). Minimum RD&D Fund grant: $1,000,000 per award. Minimum non-State funding: $1,000,000 per project.
How it works: Apply or otherwise pursue non-State funding; TIO runs a light eligibility and RD&D-fit screen; TIO issues a commitment letter you attach to your application or other proposal; TIO reserves the funds and disburses them only if you win the outside award or funding. Deadlines: Applications are accepted and decided on a rolling, first-come, first-served basis for as long as funding remains available.
Target turnaround: Within 20 working days of a complete application. TIO offers an expedited option in the case of documented exigent circumstances. Download the Full Solicitation Priority Federal Programs This list identifies the priority federal programs eligible under the Targeted Federal Match solicitation.
It favors competitive RD&D programs with near-term deadlines and strong New Mexico fit. Programs may be added at TIO’s discretion, including but not limited to at an applicant’s or other external party’s suggestion.
Advanced computing / quantum, sensing Leverage / de-risking (no required match) Open: topics due Jul 24 & Jul 13 DOE Critical Minerals & Materials Accelerator Clean energy & water (geothermal) NSF SBIR/STTR Strategic Breakthrough (NSF 26-510) 100% match; State $ qualifies Matched investment; State $ qualifies Aerospace, advanced computing Government-match leg (State grant) Quantum, microelectronics, nuclear, materials 20% cost-share (Phase II) Phase II due Dec 17 (FY26 Ph I awardees) DoD Strategic Breakthrough Awards 100% match; State $ qualifies Frequently Asked Questions (FAQ) No. This is a standing solicitation.
TIO accepts and decides applications on a rolling, first-come, first-served basis for as long as funding remains available. Do I have to bring my own matching money? The RD&D Fund grant is itself the match or leverage you bring to your federal application, so you do not need separate State match.
You do need to (1) show that the federal program either requires or rewards a match, or explain how State support improves your odds of winning, and (2) secure at least $1,000,000 in non-State (e.g., federal) funding for the project. The minimum total project cost is $2,000,000, split at least $1,000,000 from the RD&D Fund and at least $1,000,000 from the outside funder. At least $1,000,000.
There is no fixed maximum, but TIO mirrors the funder’s cost-share rules and may negotiate the amount before issuing a commitment. How fast will I hear back? TIO targets a decision within 20 working days of a complete application.
If a deadline forces a faster turnaround, ask for expedited review and include documentation of the exigent circumstances. What does the commitment letter actually do? You attach it to your application to show your match is reserved.
It is a conditional reservation, not a guarantee: TIO disburses only if you win the underlying award and meet the conditions set out in the solicitation’s commitment-letter section. What if more than one New Mexico team applies to the same federal program? TIO does not pick a single “best” New Mexico applicant.
Each eligible team may receive a commitment, subject to available funds and TIO’s discretion to negotiate amounts. Can a university or national lab apply? Yes, and they may lead.
TIO encourages industry-led applications with national lab and/or university partners where appropriate and weighs commercialization and in-state economic impact. Leadership by a public research institution alone is not a basis for denial. Can I apply before the federal opportunity is decided?
Yes. You can apply in advance of a deadline and while a federal decision is pending; the RD&D commitment is reserved until that process closes. I’m not registered in New Mexico yet.
Can I still apply? Yes, if you commit to register before any funds are disbursed. Phase I and Phase II SBIR/STTR are excluded because the State runs a separate SBIR match program.
This solicitation carves out a narrow exception for large Strategic Breakthrough Awards. Yes. TIO plans a separate Track 2 solicitation broadening eligibility to other non-State public, philanthropic, and private funding, and expects future solicitations using other instruments or focused on specific sectors.
Additional questions? Contact us at info. tio@edd.
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According to the current listing, eligibility includes: New Mexico public entities and businesses registered (or committed to registering) to do business in New Mexico. Confirm the full requirements in the official notice before applying.
Targeted Federal Match Grant (Research, Development & Deployment Fund) is funded by New Mexico Economic Development Department (via federal programs). Verify program details on the funder's official page before applying.
This opportunity targets applicants in New Mexico. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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