RELATING TO THE HAWAII TECHNOLOGY DEVELOPMENT CORPORATION.
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
Summary
The bill requires the Hawaii Technology Development Corporation (HTDC) to create a matching fund program that provides state dollars equal to 50% of federal SBIR or STTR awards, without additional state technical review. Companies receiving matching funds must give two STEM presentations to public‑school students, and HTDC must also develop an economic‑diversification strategic plan and report annually to the Legislature. Funding is appropriated for the matching program, the strategic plan, manufacturing assistance, and technology commercialization, but the measure failed to become law.
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