An official from the U.S Commerce Department is scheduled to be in Minnesota Tuesday, Oct. 1 to meet with healthcare industry leaders about the future of the state’s “MedTech 3.0 strategy.”

The effort is led by economic development group Greater MSP and is composed of more than 200 leaders from 40 organizations including Medtronic and Mayo Clinic with a goal of winning federal funds to solidify Minnesota’s standing as a world-class center for innovation. Minnesota made it through the first round of applicants to become on one of 31 “Tech Hubs” nationwide, but in July, the Commerce Department announced that it awarded $504 million for a dozen tech hubs and Minnesota wasn’t one of them.

Hope is not lost, coalition members say. Medtronic CEO Geoff Martha, Mayo Clinic CFO Dennis Dahlen, Medical Alley CEO Bobbie Dressen and Greater MSP Partnership CEO Peter Frosch are among the leaders scheduled to meet with Eric Smith, Tech Hubs director for the U.S. Economic Development Administration on Tuesday. They’ll tour technology and medical manufacturing facilities and discuss Minnesota’s innovation strategy, according to the agenda.

“The modern medical technology industry was invented and grown in Minnesota. MedTech 3.0 is our plan to ensure the next generation of med tech is also Minnesota-made,” Frosch said in a statement Monday. “This week’s visit is an important step toward deepening our coalition’s partnership with the federal government to ensure America remains the global leader in this critical strategic industry.”