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University of Montana to save business MonTEC incubator after backer disbands

Like a superhero, the University of Montana is swooping in to save the day for the Montana Technology Enterprise Center, whose future was drawn into question following the dissolution of a Missoula economic development group.

The center was formed in 2001 through a cooperative agreement between UM and the Missoula Area Economic Development Corp. to nurture research and scientific discoveries into commercial enterprises.

At times over the years, MonTEC veered from its mission, housing nonprofits and tourism agencies, and struggled financially. So when MAEDC closed its doors in October, UM was left with some decisions.

By CHELSI MOY of the Missoulian

Full Story: http://missoulian.com/news/local/university-of-montana-to-save-business-incubator-after-backer-disbands/article_dc7906d0-0379-11e1-ae10-001cc4c002e0.html

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Former Missoula Area Economic Development Corp. officials claim they were misled, deceived by ex-president , Dick King http://matr.net/article-47009.html

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