Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Technology Development Funding topic
No spam. Unsubscribe anytime.
Committee approves HB2545 with technical edits after HTDC outlines likely $5 million annual match need
Summary
The committee passed HB2545 (SD1) after witnesses from the Hawaii Technology Development Corporation said the matching program is frequently oversubscribed and estimated about $5 million annually may be needed depending on awards; members agreed to make technical wording changes.
Lawmakers passed HB2545, a bill concerning the Hawaii Technology Development Corporation (HTDC) matching program, after HTDC representatives described program demand and funding expectations.
Trung Grama was listed as the HTDC presenter; HTDC representatives told the committee matching funds are often oversubscribed and that if the program covered 50% of qualifying awards, the annual match could be about $5,000,000, depending on award sizes and project mix. Committee members confirmed the matching funds would generally come from the general fund and discussed program selection criteria and concerns about repeat winners.
The chair moved to pass HB2545 with an SD1 implementing technical wording changes (including distinguishing between SBIR and STTR awards as separate federal awards). The committee voted to pass the bill with the proposed technical amendments; the transcript records the committee’s approval but not a detailed roll-call tally.
