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From Google Colab FAQ:

Colab prioritizes interactive compute. Runtimes will time out if you are idle.

In the version of Colab that is free of charge notebooks can run for at most 12 hours, depending on availability and your usage patterns. Colab Pro, Pro+, and Pay As You Go offer you increased compute availability based on your compute unit balance.

In general, notebooks can run for at most 12 hours, depending on availability and your usage patterns. You can expect to experience backend termination if you exhaust your available compute units on a Pro, Pro+, or Pay As You Go plan.

So it seems that 15 minutes of transcription should run just fine with the free tier of Colab.

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@SayakaChiai
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Answer selected by jongwook
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