Expands Hawaii Technology Development Corporation's grant authority to include federal research and development awards.
This bill amends Hawaii Revised Statutes to allow the Hawaii Technology Development Corporation to provide grants to businesses applying for federal research and development awards, including small business innovation research and technology transfer programs. It also permits the corporation to match funds for recipients of these awards and contracts, up to 50% of the required non-federal share, subject to available funds. The bill aims to enhance Hawaii's research and development ecosystem by leveraging federal investment opportunities.
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