The bill proposes an appropriation of $1,000,000 from the general fund for each of the fiscal years 2026 and 2027 to support the Minnesota Technology Association. The funds are designated for the SciTech internship program, which aims to provide science, technology, engineering, and math (STEM) internship opportunities for college and graduate students. The program specifically targets small, for-profit companies in Minnesota with fewer than 250 employees, matching students with paid internships in their respective fields of study.

Under the terms of the grant, participating companies will receive reimbursement for 50 percent of the wages paid to interns, with a cap of $3,000 per intern. Additionally, the program emphasizes increasing participation among women and other underserved populations in STEM fields. This appropriation is classified as a one-time funding initiative, aimed at enhancing economic development through educational and professional opportunities in the technology sector.