The purpose of the Montana SBIR/STTR Matching Funds Program (MSMFP) is to foster job creation and economic development in the state by providing matching funds to eligible businesses meeting the criteria set forth in the guidelines http//businessresources.mt.gov/content/MSMFP/docs/Guidelines.pdf
MSMFP is designed to grant funds to Montana companies that have been awarded a Small Business Innovation Research Program or Small Business Technology Transfer Program (Federal SBIR/STTR Program) Phase I award and that, if the opportunity to do so is available, intend to apply for a Federal SBIR/STTR Phase II award.
The Federal SBIR/STTR Program provides for funding competitions in two phases that are relevant to the Montana Program:
- Phase I – to conduct feasibility research
- Phase II – to expand and develop Phase I results and develop commercially viable innovations
The Montana Department of Commerce administers the Montana SBIR/STTR Matching Funds Program. The following website offers more information.