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Industry-backed University research touted

December 10, 2011 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

University leaders announced a new program Friday that simplifies contracts for industry-sponsored research, offering exclusive rights to the resulting inventions for an initial fee. They hope that by exchanging back-door dealing for upfront terms, they will put to bed the university’s reputation as difficult to deal with.

No longer would the two sides spend months quibbling over royalties that could be years off. Under the new model, businesses would pay a 1 percent royalty on annual sales, only after they exceed $20 million.

Article by: JENNA ROSS , Star Tribune

Full Story: http://www.startribune.com/local/135358503.html

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SBA 504 Loans offered statewide! Real estate and equipment, acquisitions, renovation, and new construction. Low, fixed-rates up to 25 years with as little as 10% down.

Montana Bioscience Cluster Initiative - Collaborative program design and execution and integrated programs fostering innovation, technology commercialization, entrepreneurship and sustainable small businesses

The Kalispell Chamber of Commerce is the longest-standing and leading advocate for the Flathead Valley community and business climate.
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