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June 1, 2018View for printing

Over a five-year span ending in 2015, venture capital invested in Montana's early stage companies averaged just $5 million a year, placing the state near the bottom of the national list.

By last year, that number had increased to $83 million.

"Some of that was from our fund, but it's also indicative of the larger trend of more capital flowing into the state from investors outside the state," said Les Craig of Next Frontier Capital, located in Missoula and Bozeman. "Access to capital in Montana is changing."

That change has driven the state's tech sector and entrepreneurial spirit to new heights in recent years. The industry now supports more than 15,000 jobs that pay an average wage of $68,000 a year, according to Headwaters Economics.

By Martin Kidston

https://www.missoulacurrent.com/busin ... technology/
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