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New Mexico Economic Development Department

New Mexico Quantum Technologies Award

Pays quantum-tech startups up to $200,000 to grow or relocate to New Mexico.

Between cyclesNew Mexico Economic Development DepartmentUnited States

The Technology and Innovation Office runs this as a competitive, non-dilutive grant under its wider TIO Grants portfolio, funding early-stage quantum companies up to $200,000 each toward growing or relocating their operations in New Mexico. The program began as a $100,000 pilot award in 2025, going to a single company, before expanding to $200,000 per award across six companies in 2026; one of theโ€ฆ

The award targets young quantum and quantum-adjacent technology businesses that are either already based in New Mexico or are working to establish a presence there. The state wants to grow its quantum sector, expand its economic base, and create new tech jobs by backing these companies' growth or relocation.

CycleiHow often this grant runs - e.g. annually, on a rolling basis, or a one-off call.No fixed schedule
Next deadlineiThe next date applications are due. Rolling means you can apply any time.-
Decision timeiTypical time from the deadline to the funder's decision.-
Project durationiHow long the funded work is expected to run.-
Award typeiThe form of funding - grant, equity, loan, tax credit, etc.Grant
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.-
Funding pooliThe total budget available across all awards in this round.-

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