ALBUQUERQUE, N.M. — Three Albuquerque companies have been awarded New Mexico Small Business Innovation Research Grants to help their businesses grow.
“This money comes at an important time for these companies as they finish research and development and prepare for commercialization,” she said in a statement. “The program is now more accountable and we think the companies receiving grants are better able to succeed and create jobs.”
It was revamped in 2019 with a more technical and expert review of business proposals. The initial 15 applications were narrowed to five and those applicants were interviewed by the new Technology Research Collaborative Board. The board is a revised panel of 11 university, science, and business experts brought together to promote technology commercialization in New Mexico.
These competitive grants matches Phase I SBIR awards up to $25,000 and Phase II awardees are eligible for a match up to $100,000, according to the news release.
The following Albuquerque based companies were awarded NMSBIR Phase II grants for Fall FY20: