The bill appropriates $5,000,000 from the general fund for fiscal year 2026 to the commissioner of employment and economic development, specifically for a grant to MNSBIR, Inc. This funding aims to assist Minnesota small businesses in securing federal research and development funding, thereby enhancing the state's innovation economy. The grant is intended to support various initiatives, including the commercialization of research, strengthening the role of small businesses in federal R&D, and fostering workforce development, particularly among underrepresented groups.

MNSBIR, Inc. is tasked with utilizing the grant to become a dedicated resource for Minnesota small businesses in the realm of federal research and development. The organization will focus on helping startups and small businesses navigate federal funding opportunities, support technology transfer from major institutions, and provide education and training on federal regulations. The grant will also facilitate collaboration with corporate partners and assist in managing federal grants and contracts, ultimately aiming to drive economic impact through innovation and the development of new products and services.