New Mexico awards $1.2 million for quantum startups, including UbiQD

New Mexico added UbiQD of Los Alamos to a six-company quantum funding list, awarding $1.2 million in grants to support early-stage quantum firms growing in-state.

The Technology and Innovation Office set each award at up to $200,000, and all six recipients must maintain operations in New Mexico for at least two years after the grant period ends. Bandelier Technologies works with Los Alamos National Laboratory through the NM Lab-Embedded Entrepreneur Program, and Photon Queue builds quantum memory devices that help quantum computers scale.

The company was founded in Los Alamos and licenses technology from Los Alamos National Laboratory and MIT. In June, it acquired a new building beside its two existing headquarters buildings with help from a low-interest Los Alamos County LEDA loan. The expansion adds about 5,000 square feet of high-bay space for manufacturing and research, and its campus now totals three buildings on Eastgate Road.

UbiQD says its quantum-dot production capacity has increased about twelve-fold since 2024 and that it is now the largest manufacturer of quantum dots in the United States. In the state’s April-to-June 2026 JTIP report, UbiQD in Los Alamos was approved for training support for 12 workers at an average hourly wage of $53, for a total award of $354,771. In May, the Federal Laboratory Consortium recognized New Mexico, Sandia National Laboratories and partners for attracting five quantum companies to the state in under two years. Elevate Quantum is a $127 million grant-funded program with more than 140 partners, the DARPA Quantum Frontier Project can provide up to $120 million over four years, and the Quantum Venture Studio is a $25 million investment.