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Montana Department of Commerce to Provide $2.5 Million for Bio-Medical Research

The Montana Department of Commerce http://commerce.mt.gov/ has $2.5 million dollars in grant funding available for Montana-based, private, non-profit research institutions involved in bio-medical research that has the potential to significantly and positively impact the State of Montana. MDOC is requesting proposals from private, non-profit research institutions involved in innovative biomedical research. The grant funds can be used to expand, renovate, and purchase equipment for biomedical research and to expand infrastructure that will enhance the scientific collaborations between independent non-profit researchers and researchers in the Montana University System.

"Cutting edge bio-medical research is happening every day here in Montana," said Governor Brian Schweitzer. "Our bio-medical research industry is advancing and new opportunities are on the horizon. Through these bio-medical research grants, the State of Montana is investing in the discoveries of tomorrow."

"Encouraging growth in our already successful research industry is good for our college graduates, our job market and our economy," said Anthony Preite, Director of the Montana Department of Commerce. "These funds will foster continued development in our growing technology sector and allow Montana to remain competitive in the world of bio-research."

The 2009 Legislature appropriated the $2.5 million in funding for the Montana Department of Commerce to contract with qualified independent non-profit research organizations conducting bio-medical research. Applicants are required to provide matching funds to receive grant funds. Matching funding may include grants, loans, and/or investments for proposal related costs and activities. Applications are due by October 16, 2009 and can be obtained by visiting http://commerce.mt.gov/BioMedResearch.asp.

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

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