Companies to Watch

Stay on top of Montana’s most exciting companies with our Companies to Watch lists, updated regularly and with input from economic developers, investors, and business executives around Montana.

 

Montana Startups to Watch 2019

Graphic by Kyla Kozole/MHTBA.

While Montana has long been recognized for its startup activity, a few recent developments have increased the opportunities for Big Sky entrepreneurs.

In July, Montana State University received a $750,000 federal grant to promote high-tech economic development statewide, some of which will go towards supporting high-tech startups. Early Stage Montana added a second HyperAccelerator in 2019 and just announced their latest cohort of high-potential startups that will be competing for $50,000 in November at a Statewide Showcase. And new Whitefish-based venture capital firm Two Bear Capital is the latest addition to a growing trend of investor interest in Montana companies.

With more support for startups, it’s no wonder our 2019 list is up to 11 companies. We asked experts at Next Frontier Capital, Frontier Angels, Montana Manufacturing Extension Center, MSU Blackstone LaunchPad, and UM Blackstone LaunchPad to nominate early-stage companies. Startups in Billings, Bozeman, Missoula, and Whitefish made the final cut.

To select the finalists, we looked for companies five years old or younger that fit at least two of the following criteria:

  • Steep revenue growth and/or are working in a high-growth sector
  • Poised to launch high-potential products or services
  • Own or are developing valuable intellectual property
  • On track to land major clients or enter new markets
  • Plan to expand operations or add a significant number of jobs in the next year
  • Have management teams led by experienced entrepreneurs or top experts in their fields

Check out the latest cohort of Montana startups to watch.

 

 

Montana High-Growth Companies to Watch 2019

Illustration by Kyla Kozole/MHTBA

The Montana High Tech Business Alliance is pleased to announce our Montana High-Growth Companies to Watch 2019 in tech and manufacturing. While many of the companies from our 2017 and 2018 lists continue to experience high growth, we have a new batch of businesses you’ll want to keep your eyes on this year. We asked experts at Next Frontier Capital, Frontier Angels, Montana Manufacturing Extension Center, MSU Blackstone LaunchPad, UM Blackstone LaunchPad, and Early Stage Montana to nominate fast-growing companies around Montana.

To select the finalists, we looked for companies with five or more employees that fit two or more of the following criteria:

  • Plan to expand operations or add a significant number of jobs during the next year
  • Steep revenue growth and/or are working in a high-growth sector
  • Poised to launch high-potential products or services
  • Own or are developing valuable intellectual property
  • Recently landed major clients or entered new markets
  • Have management teams led by experienced entrepreneurs or top experts in their fields
  • Recently secured significant investment

Check out the newest list of high-growth companies to watch.

 

 

Montana Top Tech Employers 2018

Illustrations by Deb Santo Schmaus.

Fast-growing Montana tech firms expect to add more 1,200 new jobs in 2018, but some firms in the state already employ hundreds of people. In 2017, the Alliance published our inaugural list of Montana tech companies to watch, many of which are top employers, such as Montana Precision ProductsonXSpika Design and ManufacturingFoundantElixiter, and PFL.

In the final installment of our 2018 Companies to Watch series, the Montana High Tech Business Alliance has named the top tech and manufacturing employers in the state for this year.

Companies fit two or more of the following criteria:

  • 20 employees or more
  • plans to grow workforce in Montana
  • established in the state for more than 10 years
  • consistently hiring
  • involved in the community

See which companies made the list.

 

Montana High-Growth Companies to Watch 2018

In 2017, the Montana High Tech Business Alliance published our inaugural list of Montana tech companies to watch.

This article is still is still one of our most heavily-trafficked pieces of content and has spurred multiple news stories. Many of the businesses highlighted in 2017, like onX in Missoula, Bridger Aerospace in Bozeman, PFL in Livingston, and GTUIT in Billings, have continued a steep trajectory of job growth and investment.

Experts at Next Frontier CapitalFrontier AngelsMontana Manufacturing Extension CenterMontana State University Blackstone LaunchPad, and University of Montana Blackstone LaunchPad helped us create this list of fast-growing companies to watch in 2018.

To select the 12 finalists, we looked for companies with five or more employees that fit at least two of the following criteria:

  • Plan to expand operations or add a significant number of jobs in 2018
  • Steep revenue growth and/or are working in a high-growth sector
  • Poised to launch high-potential products or services
  • Own or are developing valuable intellectual property
  • Recently landed major clients or entered new markets
  • Have management teams led by experienced entrepreneurs or top experts in their fields
  • Recently secured significant investment

See which companies made the list.

 

Montana Startups to Watch 2018: High-tech and Manufacturing

 

If you’ve read our report on entrepreneurship in Montana, you know that we live in a hotbed of startup activity.

This year, the Montana High Tech Business Alliance is watching some promising tech and manufacturing startups in the Big Sky state. Experts at Next Frontier CapitalFrontier AngelsMontana Manufacturing Extension CenterMSU Blackstone LaunchPad, and UM Blackstone LaunchPad nominated early-stage companies they are excited about to help us create this list of eight startups to watch in 2018.

To select the finalists, we looked for companies with ten or fewer employees that fit at least two of the following criteria:

To nominate a high-growth company or top tech employer for publication in an upcoming list, email katy.spence[at]mthightech.org
  • Steep revenue growth and/or are working in a high-growth sector
  • Poised to launch high-potential products or services
  • Own or are developing valuable intellectual property
  • On track to land major clients or enter new markets
  • Plan to expand operations or add a significant number of jobs in 2018
  • Have management teams led by experienced entrepreneurs or top experts in their fields

See which companies made the list.

 

15 Montana Companies to Watch in 2017

Here’s a quiz – how many high tech and manufacturing companies do you think we have in Montana?

On December 20, 2016, the Montana High Tech Business Alliance emailed our third annual survey of Montana tech companies with the Bureau of Business and Economic Research at the University of Montana to 242 Alliance member companies and 304 non-member companies in high-tech and manufacturing. That’s 546 total tech companies in Montana.

This doesn’t include the tech companies we haven’t found yet. We have to hunt them like rare wild beasts as they tend to hide in remote business parks and second floor offices without signage.

The Alliance is ramping up our efforts to raise the visibility of Montana’s many world-class businesses and related jobs that need to be filled. To kick things off, we’re highlighting 15 Montana companies to watch in 2017. To form this list, we looked for startups and growth companies that fit at least one of the following criteria:

  • steep revenue growth and/or working in a high-growth sector
  • received notable angel or VC investment
  • poised to launch high-potential products or services
  • plan to expand operations or add a significant number of jobs in 2017

See which companies made the list.

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