The bill appropriates a total of $400,000 from the general fund to the commissioner of employment and economic development for a grant to HealthcareMN, with $200,000 allocated for fiscal year 2026 and another $200,000 for fiscal year 2027. These funds are designated to support initiatives aimed at enhancing healthcare innovation, entrepreneurship, economic growth, and community impact, and are classified as one-time appropriations.

The grant proceeds are specifically intended for three key activities: hosting a healthcare venture summit to facilitate connections among entrepreneurs, investors, and industry leaders; expanding outreach efforts to establish the Twin Cities metropolitan area as a prominent hub for healthcare innovation; and creating mentorship programs that link healthcare innovators with corporate leaders and successful entrepreneurs to foster growth and market influence.