This bill appropriates a total of $80 million over two fiscal years to the University of Minnesota for research in various promising industry sectors. Specifically, it allocates $40 million for fiscal year 2026 and another $40 million for fiscal year 2027, with the aim of advancing innovation and new technologies in biomanufacturing, precision agriculture, hypersonics, and green energy and green iron industries.

The new legal language introduced in this bill emphasizes the state's commitment to fostering research and development in these critical sectors, which are expected to contribute to economic growth and sustainability. The funding is intended to support the University of Minnesota's efforts in leading research initiatives that align with industry needs and technological advancements.