State Awards SBIR/STTR Grants to 7 Innovative Businesses

The New Mexico Economic Development Department, through its Office of Strategy, Science and Technology (OSST), has awarded SBIR/STTR Matching grants to seven companies to support innovation development and jumpstart commercialization.

The companies awarded FY2024 grants were chosen with input from the Technology Research Collaborative (TRC), a state board of science and technology professionals who use their expertise to make funding recommendations.

“By investing in our technology startups, the Economic Development Department is nurturing the next generation of innovation – these companies are diversifying the economy and helping to build the highly paid, skilled economy of tomorrow,” Acting EDD Cabinet Secretary Mark Roper said.

Read the full article here.