The bill proposes an appropriation of $1,000,000 from the general fund for the fiscal years 2026 and 2027 to support the Minnesota Technology Association. This funding is specifically 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 will facilitate paid internships at small, for-profit companies in Minnesota with fewer than 250 employees, matching students with relevant positions in their fields of study.

Additionally, the grant will reimburse selected hiring companies for 50% of the wages paid to interns, with a cap of $3,000 per intern. The initiative emphasizes increasing participation among women and other underserved populations in STEM fields. This appropriation is characterized as a one-time funding allocation to support the growth and development of the STEM workforce in Minnesota.