How good is this internship?

<p>I was recently accepted to an apprenticeship at the Carnegie Institution of Washington for this summer. The program runs for 8 weeks and I will be working a 40-hour workweek with a Ph.D. from Howard University. Specifically I will be doing research in Chemistry for this period. How reputable is the name of the institution that I’m working at or the description of the internship and how will this look on my college applications?</p>