1.1 	A bill for an act
1.2 	relating to economic development; appropriating money for a grant to MNSBIR, 
1.3 	Inc., to secure federal research and development funding.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. APPROPRIATION; GRANT TO SECURE FEDERAL RESEARCH AND 
1.6 	DEVELOPMENT FUNDING.
 1.7 	(a) $5,000,000 in fiscal year 2024 is appropriated from the general fund to the 
1.8 	commissioner of employment and economic development for a grant to MNSBIR, Inc., to 
1.9 	support moving scientific excellence and technological innovation from the lab to the market 
1.10 	for startups and small businesses by securing federal research and development funding. 
1.11 	The purpose of the grant is to build a strong Minnesota economy and stimulate the creation 
1.12 	of novel products, services, and solutions in the private sector; strengthen the role of small 
1.13 	business in meeting federal research and development needs; increase the commercial 
1.14 	application of federally supported research results; and develop and increase the Minnesota 
1.15 	workforce, especially by fostering and encouraging participation by small businesses owned 
1.16 	by women and people who are Black, Indigenous, or people of color.
1.17 	(b) MNSBIR, Inc., shall use the grant money to be the federal research and development 
1.18 	dedicated resource for small businesses of up to 500 employees statewide to support research 
1.19 	and commercialization of novel ideas, concepts, and projects into cutting-edge products 
1.20 	and services for worldwide economic impact. MNSBIR, Inc., shall use grant funds to:
1.21 	(1) assist small businesses in securing federal research and development funding, 
1.22 	including the Small Business Innovation Research and Small Business Technology Transfer 
1.23 	programs and other federal research and development funding opportunities;
2.1 	(2) support technology transfer and commercialization from the University of Minnesota, 
2.2 	Mayo Clinic, and federal laboratories;
2.3 	(3) partner with large businesses;
2.4 	(4) conduct statewide outreach, education, and training on federal rules, regulations, and 
2.5 	requirements;
2.6 	(5) assist with scientific and technical writing;
2.7 	(6) help manage federal grants and contracts; and
2.8 	(7) support cost accounting and sole-source procurement opportunities.