Medtronic is doing things different in regards to sponsoring FRC Robotics Teams. This is an excellent opportunity for you to have some additional money for your team. If you are in need of money for your team, the money is not automatic. If you want a Medtronic Grant, you will need to apply for it.
For More info on how to apply for the Medtronic Grant see http://www.medtronic.com/foundation/.