The Montana Space Grant Consortium was established in 1991 as a component of NASA's National Space Grant College and Fellowship Program. The Montana program is one of a national network of 52 Consortia, working to strengthen aerospace research and education in the United States.

Members of the Montana Space Grant Consortium consist of institutions of higher education, business, industry and non-profit organizations. The Consortium works with these affiliates and through government and public outreach, to promote a strong science, math and technology base in the state.

The Montana Space Grant Consortium embraces the goals and objectives established by the National Space Grant Program, as captured in the vision statement:

"The National Space Grant College and Fellowship program is a national network of colleges and universities working to expand opportunities for Americans to understand and participate in NASA's aeronautics and space programs by supporting and enhancing science, and engineering education, research, and outreach programs."

To achieve these goals, the Montana Space Grant Consortium awards fellowships and scholarships to students pursuing aeronautical or space related studies and also awards stipends to undergraduate students pursuing space-related research at all member campuses. The Consortium has a yearly competition for research initiation and educational enhancement grants for faculty, and carries out additional undergraduate student research, K-12 teacher enhancement, pre-college, and public outreach programs through its central office.

Another national and state goal is the inclusion of members of underrepresented groups in space-related research and education programs. To meet this goal, the Consortium makes every effort to encourage and attract participation by qualified students from the state's female and minority populations. All seven of Montana's tribal colleges are members of the Consortium.