Start-up companies within five industry sectors in New Mexico can apply for business start-up grant money provided by the state’s Economic Development Department, according to a press release.

According to the release, the industries eligible for the grants, which range from $10,000 to $25,000, are aerospace, biosciences, cybersecurity, intelligent manufacturing, sustainable and green energy. Applicants must have fewer than 50 employees and be “potentially high-growth,” per the release.

According to the release, the following guidelines will determine whether an applicant qualifies as high-growth:

· Has a unique product or service

· Has a clear and compelling business proposition

· Has a scalable product and business model

· Has a capable team

· Has the potential to create jobs in New Mexico

· Can bring economic benefit to the state

The application deadline is 5 p.m. Jan. 31. To apply, visit edd.newmexico.gov, click on “Office of Science & Technology” under the Business Resources tab. 

For more information, call 505-690-4593 or email Alex Greenberg, Director of the Office of Science and Technology, at [email protected].