You are invited to attend the final round of the New Mexico Advanced Energy Award competition at the Lobo Rainforest Building on Friday, May 3, 2024 at 9:00 a.m. to hear finalists pitch.
The New Mexico Advanced Energy Award Pilot Program is a competitive state-funded grant that awards non-dilutive funds to proposals in advanced energy innovation and commercialization from New Mexico small businesses engaged in research and development. The funds seek to assist early-stage companies developing a unique product with strong growth potential. Selected proposals will be awarded between $250,000 and $1,000,000 in funds. Funding will be awarded on a cost reimbursement basis.
Through this award, the New Mexico Economic Development Department ultimately seeks to support the retention or expansion of economic-base businesses; the creation of jobs in economic-base businesses; the development of the tax base; and business development.