Montana Department of Commerce to Provide $1.0 Million for Bio-Medical Research

The Montana Department of Commerce today announced the availability of $1.0 million in grant funding to Montana-based, private non-profit research institutions involved in bio-medical research that has the potential to significantly and positively impact the state of Montana.

"There are many opportunities on the horizon for Montana’s bio-medical research industry," said Department of Commerce Director Meg O’Leary. "Fostering growth in this area and increasing our research and educational capabilities results in an overall economic benefit to the state. These funds will ensure continued development in Montana’s growing technology sector and allow Montana to remain competitive in the field of bio-research."

The Department is requesting proposals from private, non-profit research institutions involved in innovative bio-medical research. The grant funds can be used to expand, renovate, and purchase equipment for research and to expand infrastructure that will enhance scientific collaborations between independent non-profit researchers and researchers in the Montana University System.

At the request of Governor Bullock, the 2013 Legislature appropriated $1.0 million in funding for the Montana Department of Commerce to contract with qualified independent non-profit research organizations conducting bio-medical research. Applicants are required to provide matching funds to receive the grant. Matching funds may include grants, loans, and investments for proposed related costs and activities. Applications are due by January 15, 2014 and can be obtained by visiting http://businessresources.mt.gov/content/docs/BiomedicalResearch.pdf.

For more information, contact Andy Poole, Administrator, Business Resources Division, at (406) 841-2707 or e-mail [email protected].