Milken Institute report sites strength in income-generating licenses.
The facility, which was first expected to open in early 2018, will now be completed later this year.
State leaders are building a climate to support an industry that provides new wealth and job growth.
The organization hopes to place 250 students in internship programs with high-tech companies throughout the state.
McKesson and Medidata also took part in the funding round, which was announced last August.
Minnesota records an A and a B on latest state telemedicine report cards.
The application process runs through April 28.
The expansion is expected to create the need for 19 new hires.
Both companies worked within the field of IT asset disposal and provide data management solutions.