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Montana Department of Commerce to Provide $2 Million for Bio-Medical Research

The Montana Department of Commerce has $2 million dollars in
grant funding available for Montana-based, private, non-profit research
institutions involved in bio-medical research which has the potential to
significantly and positively impact the State of Montana.

Commerce is
requesting proposals from institutions involved in research that could:
improve the health of Montana citizens and/or livestock, create
educational opportunities for Montanans in research activities, or
provide economic benefit to the state through expanded research
infrastructure and increased employment.

Eligible applicants can find the grant application on the Montana Department of Commerce homepage at http://www.commerce.mt.gov

"Montana has unlimited research opportunities," said Governor Brian
Schweitzer. "We have groundbreaking research taking place every day
across Montana. This funding will foster continued development in our
growing technology sector and allow Montana to remain competitive in the
world of bio-research."

"The science and technology industry creates the jobs of tomorrow," said
Anthony Preite, Director of the Montana Department of Commerce.
"Encouraging growth in our already successful research industry is good
for our college graduates, our job market and our economy."

The 2007 Legislature appropriated the $2 million in funding for the
Montana Department of Commerce to contract with a qualified, private,
non-profit research institute conducting bio-medical research.
Applicants are required to provide matching funds of at least $2 million
to receive the grant. Matching funding may include grants, loans, and/or
investments for proposal related costs and activities. Applications are
due by September 14, 2007.

For more information contact: Andy Poole, Deputy Director, Montana
Department of Commerce, (406) 841-2707, [email protected]

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Marissa Kozel

Public Information Officer, Director’s Office

Montana Department of Commerce

406-841-2772

[email protected]

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