Purpose of the Bill

The purpose of this bill is to provide grant funding to HealthcareMN to support programs focused on advancing healthcare innovation, entrepreneurship, and economic development in Minnesota.

Main Provisions

• Funding Allocation: The bill allocates $200,000 for fiscal year 2026 and another $200,000 for fiscal year 2027. These funds are one-time appropriations sourced from the general fund.
• Intended Use of Funds:
  • Healthcare Venture Summit: Organize an event aimed at connecting healthcare entrepreneurs, investors, and industry leaders to foster collaboration and attract investment into healthcare innovations.
  • Regional Outreach: Expand initiatives to firmly establish the Twin Cities metropolitan area as a prominent hub for healthcare innovation, including enhancing resources and partnerships in the region.
  • Mentorship Programs: Create opportunities for healthcare innovators to engage with corporate leaders and successful entrepreneurs, thereby accelerating their growth and market impact.

Relevant Terms

healthcare innovation, entrepreneurship, economic growth, venture summit, mentorship programs, Twin Cities, regional hub