RELATING TO THE HAWAII TECHNOLOGY DEVELOPMENT CORPORATION.
Reported from EDT (Stand. Com. Rep. No. 3195) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
Summary
The bill directs the Hawaii Technology Development Corporation (HTDC) to set up a Small Business Innovation Research (SBIR) Matching Program that provides state funds equal to 50 % of a company’s federal SBIR or STTR award. Companies receiving the match must give at least two presentations about their work to public‑school students, coordinated with the Department of Education. It also requires HTDC to create an economic‑diversification strategic plan and report on its progress.
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