Dollars Attracted to Montana
The Montana Board of Research Commercialization and Technology has attracted more than $417 million to Montana
Grants Awarded: $42 million
Matching Funds: $47 million
Follow-On Funding: $370 million
Total Matching Funds & Follow-On Funding: $417 million
Projects must be matched with non-Montana state government funds at an amount equal to at least 25% of total project costs. The program has averaged $1.12 in matching funds for every grant dollar awarded, easily exceeding the statutory requirement.
Follow-on funding is defined as dollars secured by projects after funding by the Board.
Dollars Attracted to Montana as a Result of Research and Commercialization Project Grants as of October 2016