Hawaii Tech Companies Receive $2 Million for R&D

HTDC funds new technologies, platforms, or processes, with a focus on the tech sector.

Entrepreneurs Sandbox
Entrepreneurs Sandbox

The Hawaii Technology Development Corporation (HTDC) has awarded grants totaling more than $2 million to 15 Hawaii companies to support their research and development efforts toward new productions and solutions.

“Hawaii companies are developing solutions to address important issues in food safety, health care, energy, and military support, which will have national and even international impacts,” said Len Higashi, executive director of HTDC. “Funding these types of projects not only enables companies to bring their products to market, but it also helps to build the state’s technology ecosystem and spurs innovation.”

The Hawaii Small Business Innovation Research program offers funding to companies that are developing new technologies, platforms, or processes, with a focus on the tech sector. Grants are awarded in three progressive phases, with each providing more extensive funding to get innovations to market. Companies must be recipients of federal Small Business Innovation Research grants to qualify for state-level funding.

Phase 1 matching grants, which fund projects through the early stages of development, were awarded to eight companies:

Eleven companies were awarded Phase 2 matching grants to accelerate the development of their projects to commercialization:

About HTDC

HTDC is a state agency attached to the state Department of Business, Economic Development and Tourism (DBEDT). HTDC’s mission is to facilitate the development and growth of Hawaii’s high technology industry by developing a flourishing technology industry that produces quality, high-paying jobs for Hawaii residents. HTDC is providing capital, building infrastructure and developing talent to foster innovation and diversify Hawaii’s economy. For more information, visit www.htdc.org

Leave a Reply