Promotes economic diversification in Hawaii through innovation and technology by funding and directing the Hawaii Technology Development Corporation.

The bill mandates the Hawaii Technology Development Corporation to establish state goals and implement projects aimed at economic diversification through innovation and technology. It appropriates funds for the Hawaii Small Business Innovation Research Program, the Manufacturing Assistance Program, and the Accelerator and Small Business Training Programs. The corporation must submit annual reports to the legislature detailing its findings and recommendations, including any proposed legislation. The Act takes effect on July 1, 2026.

Promotes economic diversification in Hawaii through innovation and technology by funding and directing the Hawaii Technology Development Corporation.

The bill mandates the Hawaii Technology Development Corporation to establish state goals and implement projects aimed at economic diversification through innovation and technology. It appropriates funds for the Hawaii Small Business Innovation Research Program, the Manufacturing Assistance Program, and the Accelerator and Small Business Training Programs. The corporation must submit annual reports to the legislature detailing its findings and recommendations, including any proposed legislation. The Act takes effect on July 1, 2026.