Business briefs for Aug. 18, 2019 | Business


Bozeman Business and Professional Women accepting applicants for grants, scholarships

Bozeman Business and Professional Women is now accepting applications for its Small Business Grants and Educational Scholarships, which will be awarded this fall. These are open to women-owned Montana businesses and women pursuing education in Montana. For a complete list of requirements and application instructions, please visit the BBPW website, and click the application links at the top of the homepage. Applications are due on Aug. 31.

BBPW holding honors celebration

On Thursday, Oct. 17, from 5:30 p.m. to 9 p.m., BBPW will hold its annual honors celebration. This event is held every year during National Business Women’s Week. This year is BPW’s 100th birthday, and the event theme is “Cheers to 100 years: Celebrating Women in History.” The event will honor outstanding women leaders in the community for their accomplishments, and award educational scholarships and business grants to women, and celebrate women in business.

MSU awarded federal funds for statewide tech ‘gap’ grants

Montana State University has been awarded a federal grant to create a public-private partnership for growing tech companies in Montana.

The U.S. Economic Development Administration announced July 23 that it had awarded $750,000 to MSU’s Prospect Montana, a newly created program to promote high-tech economic development statewide.

The three-year funding will support three complementary efforts to see high-tech companies grow and create jobs in communities across the state, said Daniel Juliano, head of MSU’s Technology Transfer Office, who applied for the grant.

Roughly $400,000 will go into a new “gap fund” managed by the university’s Office of Research and Economic Development, Juliano said, which will be awarded to advance technologies toward commercial applications or to build prototypes.

Of the remaining federal funds, approximately $110,000 will go to MSU’s 406 Labs Business Accelerator, a program at the Jake Jabs College of Business and Entrepreneurship, which will provide education and mentorship to keep the students and faculty who receive gap funding on track to launch their startups.

The federal grant will also benefit Early Stage Montana, a nonprofit program led by Pat LaPointe of Frontier Angels. Early Stage Montana is in its second year of helping state startups prepare for private investment. The nonprofit will receive $65,000 from the grant.

The remaining funds will go toward launching and promoting the gap funding program, preparing participants to submit gap funding proposals, and administering the program.

The Prospect Montana program will begin this fall with a competitive request for MSU gap fund proposals. Grant funds will be awarded to three to five applicants based on the commercial potential of their technology.


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