; (2) how the programs, initiatives, or opportunities created or expanded with the grant funds will provide support to student entrepreneurs enrolled at the minority-serving institution who— (A) seek support for an established small business concern; or (B) need assistance in establishing a small business concern; and (3) how the minority-serving institution will create or expand programs, initiatives, or opportunities that— (A) increase minority entrepreneurship and business ownership among student entrepreneurs enrolled at the minority-serving institution; and (B) expand business resources to student entrepreneurs enrolled at the minority-serving institution. (c) Selection In selecting grantees under this section, the Administrator shall evaluate applications from among the same type of minority-serving institution, as listed in subparagraphs (A) through (H) of section 2(5). (d) Amount of grant A grant made to a minority-serving institution under the Program shall be not less than $250,000. (e) Use of grant funds A minority-serving institution that receives a grant under the Program shall use grant amounts to support the creation or expansion of programs, initiatives, or opportunities that offer business development resources that support student entrepreneurs enrolled at the minority-serving institution, such as— (1) free legal, accounting, human resources, information technology, marketing, training, counseling, networking, and technical assistance; and (2) access to capital resources, such as the costs associated with forming a new small business concern. (f) Submission requirement A minority-serving institution to which a grant is made under the Program shall, not later than 6 months and not later than 12 months after receipt of such grant, submit to the Administrator a report that contains, for the period covered by the report, the number of— (1) student entrepreneurs enrolled at the minority-serving institution assisted with the grant funds