Relating to: creating an innovation grant program for institutions of higher education and making an appropriation. (FE)

AB 1078 creates a $5 million biennial grant program for Wisconsin's private nonprofit colleges (specifically those in the Wisconsin Association of Independent Colleges and Universities) to fund new academic programs or public infrastructure projects addressing workforce needs. Institutions must provide matching funds equal to the grant amount and demonstrate a self-sustaining revenue plan after program launch. The program limits any single institution to no more than 10% of total grant funds awarded. The bill establishes this program through new statutory sections and appropriates funds for the 2025-26 and 2026-27 fiscal years.