Bill > SF2427

This bill appropriates $5 million in fiscal year 2026 from the general fund to the commissioner of employment and economic development for a grant to MNSBIR, Inc. (Minnesota Small Business Innovation Research), with the funds available until June 30, 2027. The purpose of the grant is to support scientific and technological innovation for startups and small businesses by helping them secure federal research and development funding through programs like Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR). Specifically, MNSBIR, Inc. will use the grant money to assist small businesses in obtaining federal research funding, support technology transfer from institutions like the University of Minnesota and Mayo Clinic, collaborate with corporate venture groups, provide statewide education and training, assist with grant writing and management, and help businesses navigate federal procurement opportunities. The bill also emphasizes developing the Minnesota workforce, with a particular focus on supporting small businesses owned by Black, Indigenous, People of Color, and women, ultimately aiming to move scientific innovations from laboratory research to marketable products and services.

Labor and Employment

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2427&ssn=0&y=2025