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EDD Awards Four Science & Technology Startup Grants – Los Alamos Daily Post

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The team at Mercury Bio in Santa Fe. Courtesy/EDD
EDD News:
SANTA FE — New Mexico Economic Development Department (EDD) Deputy Secretary Jon Clark announced Thursday that four New Mexico companies were awarded Science & Technology Business Startup Grants, each receiving an award of $25,000.
Science & Technology Business Startup Grants are available to New Mexico-based for-profit science and technology companies with high-growth potential. Eligible businesses must work in one of the following fields: aerospace, biosciences, cybersecurity, intelligent manufacturing, or sustainable and green energy.
The grant specifically seeks to support companies that provide a unique product or service, have a clear and compelling business proposition, demonstrate a scalable product and business model, have the potential to create jobs in New Mexico and/or garner private investment, and can provide economic benefit to the state greater than the award amount.
“Every year, EDD’s science and technology grants spotlight the cutting-edge innovation and discovery happening right here in New Mexico,” Clark said. “The State is proud to support these companies in their effort to commercialize and grow, and we look forward to continuing to work with them as they expand and create jobs for New Mexicans.”
EDD’s Office of Strategy, Science and Technology (OSST) and the Technology Research Collaborative (TRC) Board reviewed over 70 applications in a very competitive field. Final award recommendations were made to EDD leadership by the TRC Board based on utility of the grant award and the potential for community and economic impact in New Mexico.
The four companies receiving science and technology grants:
EDD would like to recognize four additional companies that were ranked as finalists in this year’s grant cycle: Absolute Concept DesignsStellenergy, Mesa Alta Research, and Cetaly were each recognized for their application and project potential.

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