Roadrunner Venture Studios has been selected by the New Mexico Economic Development Department (EDD) to lead a $25 million initiative to accelerate quantum innovation and commercialization in the state. The Roadrunner-led coalition will gather top quantum researchers, investors, and innovators to establish a quantum campus in Downtown Albuquerque’s Innovation District. This campus will feature a multi-node quantum network, dilution refrigerators, a quantum testbed, quantum packaging and demonstration facilities, and a rapid prototyping facility.
This infrastructure aims to provide resources for the next generation of quantum companies. Roadrunner plans to identify and recruit top entrepreneurial talent from across the country to launch quantum companies in New Mexico through a Founder-in-Residence program. They also aim to attract promising quantum startups from around the U.S. to set up operations in New Mexico, with pioneering startups like Qunnect, QuEra, and Maybell already engaging.
Roadrunner is establishing a dedicated capital network for investing in New Mexico-based quantum startups that engage with the studio. The coalition includes partners such as Elevate Quantum, national laboratories (Sandia, Los Alamos), quantum startups (QuEra, Maybell, Qunnect, Resonance), the University of New Mexico, and venture capital firms (DCVC, Playground Global, Quantonation). This initiative aims to position Albuquerque as a national hub for quantum startups.
Leading quantum initiative in New Mexico
The EDD published a request for proposal (RFP) on May 27, 2025, outlining the need for operational support for a quantum venture studio and facilities to accelerate the commercialization of quantum technologies in New Mexico. Roadrunner won the competitive bid process.
According to a 2024 McKinsey report, the global market for quantum technologies is expected to reach nearly $200 billion by 2040, with significant growth anticipated in defense, telecommunications, and enterprise computing. This initiative aligns with the need for the U.S. to transition from leadership in science to leadership in execution to remain competitive in quantum. Adam Hammer, Co-Founder and CEO of Roadrunner Venture Studios, said, “New Mexico has long lived in the public imagination as a hub of critical innovation.
In this pivotal moment of technological change, we are stepping forward to help lead the coming quantum revolution. To win in quantum, we need to find exceptional people, forge breakthrough companies, and fuel the second wave of great American quantum companies for global scale.”
Nora Sackett, Director of the Technology and Innovation Office at EDD, said, “Quantum technology will reshape the future, and New Mexico is ready to lead that transformation. By creating an environment where the top scientific minds have the tools and collaboration they need, New Mexico is backing the bold quantum startups and partnerships that will fuel breakthroughs.”
Zach Yerushalmi, CEO of Elevate Quantum, said, “Quantum technology represents a once-in-a-generation chance to bring a touch of the Jetsons age into our time.
While New Mexico has pioneered world-class research for decades, this venture-studio and infrastructure strategy positions the state to unlock broad economic opportunity for all New Mexicans.”
Tim Keller, Mayor of Albuquerque, said, “With a $25 million investment from the State Economic Development Department and the leadership of Roadrunner Venture Studios, we’re at the forefront of the next wave of critical technology right here in Albuquerque. By uniting our labs, universities, venture capital, investors, and innovators, Albuquerque can be the global leader in quantum computing and all the companies, good jobs, and long-term economic growth that come with it.”