A BILL for an Act to amend and reenact section 4.1-01-20.1 of the North Dakota Century Code, relating to the bioscience innovation grant program.

SB 2311 proposes to establish a bioscience innovation grant program in North Dakota, providing funding to small bioscience businesses (with less than $2.5 million in annual sales and at least two employees) for innovation and commercialization. The program would require grant recipients to match up to 50% of funding and prohibit use for capital improvements, academic programming, or workforce training. It aims to support job creation for state university graduates, foster new bioscience startups, and advance technologies in areas like crop genetics, biofuels, and livestock operations. The program would be administered through a collaborative committee involving state agencies, universities, and a bioscience association.