We see a lot of businesses created every year throughout the state, but sustained growth appears to be hard to come by for new businesses. The main thing that seems to be holding new companies back is the relative scarcity of venture capital in the state. If this is a challenge you’re facing in the Bozeman, Billings or Missoula area, contact Daren Nitz, who heads our Bozeman offices. Free Vector Advisors can help both new and established businesses with strategies for growth.
Below are a few resources for local businesses that we recommend:
Early Stage MT is here to help tech companies meet investors and mentors. Offering a hyper-accelerator program and a statewide showcase. Their website can be visited by clicking here.
“Providing mentorship and money to Montana’s early stage tech companies”
Northern Rocky Mountain Economic Development District is a private and non-profit organization founded to improve the economy in Park and Gallatin Counties. Visit the site by clicking here.
“We offer a variety of economic and community development services, small business technical assistance including start up and planning, grant writing and administration, and business recruitment and retention.”
Frontier Angels is a Montana-based network of Angel investors looking for promising tech companies to invest in. Their front page can be viewed here. Where you can…
- “Discover top-tier emerging technology investment opportunities which provide attractive ROIC to members
- Concentrate the collective experience, capabilities and resources of the group to achieve critical mass on a few key initiatives to accelerate the growth of the tech ecosystem in Montana
- Actively promote gender diversity to advance the next generation of female leaders in Montana”
Prospera Business Resources offers grants and loans, business counseling and training, and networking resources to business leaders in Park and Gallatin counties. Click here to visit their website.
“Our focus is helping people start and grow their business – in turn strengthening our region’s economy and communities.”
Montana Secretary of State is a necessary resource for starting any new business, as its where you need to go for lien filings, to register/renew your business, and file your annual report. Click here for the Business Resources page.
Montana State Small Business Development Center provides tools and guidance to small businesses in Montana.
“The SBDC network supports ten regional centers across the state, focusing on free one-on-one counseling and low cost training in areas such as financial analysis, business planning, strategic planning, loan packaging, financial projections and market research to help small businesses achieve their goals of growth, innovation and success.”
Is Bozeman the next Boulder?
There’s certainly some parallels with where Boulder was 20 years ago. There’s a growing investor- backed venture base in Bozeman. With companies like Free Vector, and the others listed above, working to establish a good entrepreneurial ecosystem, we’re optimistic that in so many years it will be where Boulder is today. What we need is new businesses, business growth, and more jobs.
For business and legal advice from lawyers with over 20 years experience, contact us by filling out this simple contact form here. Free Vector Advisers is open to flexible agreements that make our services an asset to businesses of any size, and at any scale. We can help, whether you’re looking to launch a business, grow a business, or buy/sell a business.