The Minnesota science and technology fund may be used for the following to:

1. (1) establish the commercialized research program authorized under section 116W.29;
2. (2) establish the federal research and development support program under section 116W.30;
3. (3) establish the industry technology and competitiveness program under section 116W.31; and
4. (4) carry out the powers of the authority authorized under sections 116W.04 and 116W.32 that are in support of the programs in clauses (1) to (3).