Establishes the small business innovation research matching program in Hawaii to support technology development and economic diversification.
The bill establishes the small business innovation research matching program within the Hawaii Technology Development Corporation. It provides matching grants to companies in Hawaii that have received federal small business innovation research or small business technology transfer awards. The program aims to support economic diversification, strengthen emerging industries, and create high-wage jobs. Companies eligible for matching funds must have a principal place of business in Hawaii and have received federal awards without additional state review.
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