Hawaii HB2545 establishes a small business innovation research matching program and an economic diversification strategic plan.
Hawaii HB2545 aims to promote economic diversification by establishing a small business innovation research matching program and an economic diversification strategic plan. The bill requires the Hawaii Technology Development Corporation to provide matching funds to companies that have received federal small business innovation research or small business technology transfer awards. Companies must submit applications within ninety days of receiving federal awards. The corporation will distribute available funds on a pro-rata basis if total requested matching funds exceed available funds.
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