New Mexico Economic Development Department

The New Mexico Economic Development Department is dedicated to fostering economic growth in the state by implementing various programs designed to support and enhance business development. Through these initiatives, the department aims to create a favorable environment for new and existing businesses, thereby boosting job creation and overall economic vitality. The department's focus includes promoting investment opportunities and providing resources to help entrepreneurs navigate the challenges of starting and expanding their enterprises. By facilitating collaboration among stakeholders, the New Mexico Economic Development Department plays a crucial role in strengthening the state's economy and ensuring sustainable development.

Past deals in New Mexico

Warpfactor Antenna Technologies

Grant in 2023
Warpfactor Antenna Technologies LLC is a New Mexico firm based in Santa Fe.

Molten Salt Solutions

Grant in 2023
Molten Salt Solutions develops a technology platform to commercialize molten salt synthesis and purification and to advance isotope enrichment for nuclear power. The platform includes proprietary chromatography and mass spectrometry systems along with metal salt synthesis methods, enabling safer, more cost-efficient production of isotopically enriched materials for both fission and fusion applications. The company was founded in 2018 and is headquartered in Santa Fe, New Mexico.

Vibrant Corporation

Grant in 2023
Vibrant Corporation is a specialized provider of process compensated resonance testing (PCRT) services, primarily serving the aerospace and power generation industries, as well as materials laboratories. The company offers a range of PCRT services that include defect detection, process control, life monitoring, and material property characterization. Vibrant also manufactures PCRT testing equipment and supplies inspection tools for the automotive sector. Its technology facilitates non-destructive testing to assess structural integrity, thereby enabling quality assurance for component manufacturers and supporting maintenance, repair, and overhaul organizations in identifying critical defects such as cracks and fatigue. Founded in 1991, Vibrant Corporation is headquartered in Albuquerque, New Mexico, with additional facilities located in Germany.

Circular Genomics

Grant in 2023
Founded in 2021, Circular Genomics specializes in harnessing circular RNA as innovative biomarkers for precision medicine. The company focuses on improving diagnosis and treatment of neurological and psychiatric conditions by offering evidence-based diagnostic assays.

Green Theme Technologies

Grant in 2022
Green Theme Technologies Inc is a developer of environmentally-friendly chemical technology focused on the finishing of textiles and nonwovens. Founded in 2012 and based in Rio Rancho, New Mexico, the company aims to innovate in the textile industry by creating products that surpass the performance of existing technologies while also eliminating water usage and reducing pollution. Green Theme Technologies is committed to sustainable practices and seeks to transform textile finishing processes through its advanced, dry technology solutions.

3D Glass Solutions

Grant in 2022
3D Glass Solutions designs and manufactures glass-based system-in-package electronic packaging devices and components, and provides design and device consultation and prototyping services. The company serves integrated circuit manufacturers, photonic component suppliers, and defense contractors, leveraging glass-enabled systems integration to consolidate components onto a single platform while reducing manufacturing costs. It utilizes APEX Glass technology to fabricate electronic systems with photo-definable glass ceramics, offering low-loss photosensitive processes, through-glass vias, substrate stacking, and photonic integration. These capabilities support applications in wireless infrastructure, aerospace and defense, photonics, sensors, and AI. The business originated in 2006 and is based in Albuquerque, New Mexico.

X-Bow Launch Systems

Grant in 2022
X-Bow Launch Systems Inc., located in Albuquerque, New Mexico, specializes in the production of advanced solid rocket motors and hypersonic technologies for both commercial and government applications. The company provides a comprehensive service that encompasses the design, testing, and launching of solid propellant systems. Utilizing additive manufacturing technology, X-Bow develops customizable and cost-effective rocket motors, positioning itself as an innovative player in the aerospace industry.

TNeuroPharma

Grant in 2022
Founded in 2018, TNeuroPharma specializes in developing therapeutic technologies focused on T-cell contributions in tracking and treating neurodegenerative diseases. Its innovative approach enables early detection of Alzheimer's disease through blood samples, targeting dysfunctional T-cells to prevent complications.

Boomerang New Mexico

Grant in 2022
Boomerang New Mexico offers a workforce recruitment platform that connects employers and the New Mexico graduates looking for career opportunities in the state.

Molten Salt Solutions

Grant in 2022
Molten Salt Solutions develops a technology platform to commercialize molten salt synthesis and purification and to advance isotope enrichment for nuclear power. The platform includes proprietary chromatography and mass spectrometry systems along with metal salt synthesis methods, enabling safer, more cost-efficient production of isotopically enriched materials for both fission and fusion applications. The company was founded in 2018 and is headquartered in Santa Fe, New Mexico.

ORC Tech

Grant in 2022
ORC Tech is a technology company founded in 2021 that specializes in enhancing cell reception in rural and underdeveloped areas, aiming to eliminate "dead zones." The company leverages technology licensed from NASA’s Johnson Space Center, which includes a lightweight portable antenna designed to boost incoming signals for various devices. ORC Tech develops and markets products that improve local reception for cell phones, laptops, and Wi-Fi internet receivers without requiring power plugs, cables, or batteries. By utilizing advanced optical radio communications technology, ORC Tech provides solutions to enhance connectivity in underserved regions.

NTx

Grant in 2020
NTx is a biotechnology company specializing in a proprietary host-independent biological manufacturing platform. This technology extends beyond vaccines, potentially revolutionizing the production of protein-based therapies for cancer and autoimmune disorders.

Meow Wolf

Grant in 2019
Meow Wolf is an American arts and entertainment company that designs and operates immersive, interactive experiences. Founded in 2008 and based in Santa Fe, New Mexico, it functions as an artist collective that creates large-scale installations, theatrical performances, and public events that transport audiences into fantastical narratives through sculpture, multimedia, and interactive environments. The company also develops and monetizes intellectual property through a direct-to-consumer platform and digital content, including streaming media and extended reality experiences, expanding its audience beyond physical venues. It generates revenue from venue-based experiences and related merchandise while pursuing growth through multiple location formats and new IP development, positioning itself at the forefront of location-based experiential entertainment and aiming to broaden its footprint with additional venues and digital offerings that connect fans worldwide with its creative worlds.

Meow Wolf

Equity Crowdfunding in 2017
Meow Wolf is an American arts and entertainment company that designs and operates immersive, interactive experiences. Founded in 2008 and based in Santa Fe, New Mexico, it functions as an artist collective that creates large-scale installations, theatrical performances, and public events that transport audiences into fantastical narratives through sculpture, multimedia, and interactive environments. The company also develops and monetizes intellectual property through a direct-to-consumer platform and digital content, including streaming media and extended reality experiences, expanding its audience beyond physical venues. It generates revenue from venue-based experiences and related merchandise while pursuing growth through multiple location formats and new IP development, positioning itself at the forefront of location-based experiential entertainment and aiming to broaden its footprint with additional venues and digital offerings that connect fans worldwide with its creative worlds.
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