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Montana Board of Research & Commercialization Technology
Dollars Attracted
Dollars Attracted to Montana as a Result of Research and Commercialization Project Grants - November 2011
Grants Awarded - $36 million
Matching Funds - $43 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 $1.17 in matching funds for every grant dollar awarded, easily exceeding the statutory requirement.
Follow-On Funding - $270 million
Follow-on funding is defined as dollars secured by projects after funding by the Board.
Total Matching Funds & Follow-On Funding - $313 million
The program has attracted more than $313 million to Montana.
