1.1 	A bill for an act
1.2 	relating to science and technology; establishing a matching grant program; 
1.3 	appropriating money;amending Minnesota Statutes 2008, section 116J.657, by 
1.4 	adding a subdivision.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2008, section 116J.657, is amended by adding a 
1.7 	subdivision to read:
1.8 		Subd. 5a.Matching grants. A technology matching grant program is created in the 
1.9 	office to provide financial assistance for commercialization activities under subdivision 
1.10 	5. Funds may be used to provide research and development matching grants to Small 
1.11 	Business Innovation and Research and Small Business Technology Transfer award 
1.12 	recipients to assist the spinout of technology from nonprofit research institutions and other 
1.13 	activities including but not limited to collaborations between government, industry, and 
1.14 	academic institutions to promote commercialization and job creation.

1.15 	EFFECTIVE DATE. This section is effective July 1, 2009.

1.16 	Sec. 2. OFFICE OF SCIENCE AND TECHNOLOGY APPROPRIATION.
 1.17 	$2,000,000 each year beginning in fiscal year 2010 is appropriated from the general 
1.18 	fund to the commissioner of employment and economic development for the Office of 
1.19 	Science and Technology. Of this amount, $1,000,000 each year is for technology matching 
1.20 	grants under Minnesota Statutes, section 116J.657.