Technology and Manufacturing (TEAM) Fund
Funding Amount
Up to $20,000
Deadline
Deadline not published
Grant Type
Foundation
Overview
The TEAM Fund supports technology and manufacturing businesses with no-interest loans to facilitate growth and innovation.
Geographic Scope: Seven northern New Mexico counties (RDC service area)
Award Type: No-interest loans
Award Amounts: Up to $20,000
Recent Example: SALA Event Center received a $20,000 award in May 2023 to convert one of their theaters into an immersive experience, including acquisition of a server, laptop, 360 cameras, accessories, and projectors.
Eligible Applicants: Technology and manufacturing firms
What Regional Development Corporation actually gave
Source: IRS Form 990, 2025
- Grants in 2025
- 24
- Total given
- $354K
- Median grant
- $9,395
- Range
- $6,704–$61K
- By dollars: New Mexico 100%. Top recipient cities: Santa Fe, NM; Espanola, NM; Taos, NM.
- 0% of grants with a stated purpose were for general or operating support.
- 79% of recipients were new grantees, not repeat recipients.
Example grants
SFCC Foundation · Santa Fe, NM
Workforce training
$61K
University of New Mexico · Albuquerque, NM
Business expansion
$25K
Santa Fe Area Home Builders · Santa Fe, NM
Business expansion
$25K
Wolf & Mermaid Enchanted Roasters · Santa Fe, NM
Business expansion
$21K
BDT MFG LLC · Taos, NM
Business expansion
$20K
Focus Areas & Funding Uses
Fields of Work
- Small businesses
- Startups
Categories
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