The New Mexico Economic Development Department is seeking applications for its New Mexico Quantum Technologies Award.
Donor Name: New Mexico Economic Development Department
State: New Mexico
County: All Counties
Type of Grant: Grant
Deadline: 05/30/2026
Size of the Grant: $100,000 to $500,000
Grant Duration: 1 Year
Details:
The New Mexico Quantum Technologies Award (NMQTA) is a competitive, state-funded grant that awards non-dilutive funds to early stage companies working in quantum and quantum-enabling technologies that are located in New Mexico or are in the process of establishing a presence in New Mexico.
Through this award, the New Mexico Economic Development Department ultimately seeks to support the growth or relocation of quantum technology companies in New Mexico to expand the economic base through business support and fostering the creation of new tech sector jobs.
Funding Information
The Technology and Innovation Office (TIO) seeks to make awards of up to $200,000 each to eligible companies.
Grant Period
All work must be completed within twelve months of grant agreement execution.
Eligibility Criteria
- Eligible applicants:
- Must be a formed, for-profit company that has received a previous form of outside funding
- If the company is headquartered in New Mexico
- Must have a NM Business Tax ID Number (BTIN) (previously CRS Tax ID Number), a physical NM address, EIN number, and a valid NAICS code corresponding to a science/technology business.
- Must have staff physically present in the state and occupy a physical space.
- Must provide a Letter of Good Standing via the New Mexico Taxation and Revenue Taxpayer Access Point (TAP).
- In order to request the Letter of Good Standing, you must be logged into the New Mexico Taxation and Revenue Taxpayer Access Point (TAP) through an administrator account.
- If you do not have the option to request a Letter of Good Standing through your portal, please contact the Technology and Innovation Office.
- Must continue to maintain a company presence in New Mexico (including a physical space and at least one employee physically present in New Mexico) for two years post award
- Must not be party to any claim or lawsuit.
- If the company is headquartered outside of New Mexico:
- Must affirm their ability to do business in New Mexico by June 1, 2026 – this includes having a NM Business Tax Identification Number (BTIN) and an EIN number.
- Must affirm their ability to establish a presence in New Mexico six months from grant agreement execution – company presence in New Mexico includes having a physical NM address and employee(s) physically present and working in New Mexico.
- Must allocate all funds to further activity in New Mexico.
- Must provide documentation reflecting good standing (no overdue tax debt) from the state where the business is headquartered.
- Must agree to maintain a company presence in New Mexico (including a physical space and at least one employee physically present in New Mexico) for two years post award.
- Must not be party to any claim or lawsuit.
- Must agree to all reporting and claw-back requirements.
For more information, visit NMEDD.
