MNSBIR grant funding provided, and money appropriated.

HF 2920 appropriates $5 million from Minnesota's general fund to MNSBIR, Inc. for a one-time grant to support small businesses in securing federal research and development funding. The bill directly affects Minnesota-based small businesses, especially those owned by Black, Indigenous, People of Color, and women, by helping them access federal programs like SBIR and STTR. Key mechanisms include MNSBIR providing assistance with federal grant applications, technology transfer support from universities, outreach on federal requirements, and help managing federal contracts. The funding is available until June 30, 2027, to strengthen Minnesota's innovation economy and commercialize research.