MONTANA TECHNOLOGY INNOVATION PARTNERSHIP
Under the auspices of the Montana Department of Commerce, the Montana Technology Innovation Partnership program delivers no-cost consulting services to researchers and technology-based businesses engaged in developing and commercializing innovative technology. In addition, MTIP runs workshops that focus on topics of interest to technology businesses. MTIP does not provide funding grants or loans.
The program’s overriding goal is to move technology from idea to marketplace.
Different paths can lead to success, including:
- Venturing – Building a business around production, assembly, sale and distribution of technology.
- Partnering – Sharing parts of the venturing strategy with one or more additional partners already established in the same industry.
- Licensing – Selling only selected rights in the technology to others, usually in exchange for negotiated, agreed-to and ongoing payments.
- Outright sale – Selling all the rights of the technology to others, without expectation of future revenues.
Areas of MTIP assistance
- Identification of potential research and development funding.
- Understanding proposal requirements, including budgetary requirements.
- Proposal development assistance for Small Business Innovation Research, Small Business Technology Transfer and other funding programs.
- Patent and intellectual property strategies.
- Understanding federal grants and contracts (and attached accounting requirements), and how to access these programs.
- Developing a commercialization approach.
Eligible applicants are Montana entrepreneurs, Montana university researchers and owners of Montana-based technology businesses.
To get started, participants complete a short, online Request for Services form. Within 48 hours of receipt, each new client is contacted and assigned a counselor. MTIP counselors make recommendations tailored to each client’s situation and need. In most cases there will be specific steps that clients are encouraged to complete in order to advance their objectives; the client’s effort and commitment to these steps will determine the level and amount of additional assistance provided by MTIP.
As a unit of the state’s Commerce Department, MTIP’s personnel and operating budget is funded through the Montana General Fund. MTIP consultant services receive financial support from the U.S. Small Business Administration’s FAST Partnership Program and Community Development Block Grant.
The MTIP program receives broad support and ongoing cooperation from the State Technology Partnership Committee — the committee members’ expertise, resources, networks and activities make Montana a resource-rich state for the technology industry. STPC representatives are the Governor’s Office of Economic Development, Montana’s Congressional delegation, the National Science Foundation’s EPSCoR, Montana Economic Developers Association, Technology Transfer offices at The University of Montana and Montana State University, MSU TechLink Center, Montana Manufacturing Extension Center, Missoula Area Economic Development Council, the state Office of the Commissioner of Higher Education and Montana’s Small Business Development centers.