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Friday, March 02, 2018
Another $1.4M of your Tax Dollars Handed over to Phony Tech Entrepreneurs
By News Release @ 6:44 PM :: 2875 Views :: Ethics, Tax Credits

HTDC AWARDS MORE THAN $1 MILLION IN GRANTS TO LOCAL COMPANIES

News Release from Hawaii Technology Development Corporation, March 1, 2018 

(Comments added in parenthesis to enhance accuracy.)

HONOLULU—The Hawaii Technology Development Corporation (HTDC) awarded 15 Hawaii-based companies $1,417,050 from its Hawaii SBIR grant programs. The companies will use the funding to (pretend to) further the development of new products to meet a range of needs in the state, from healthcare solutions to agriculture.

Hawaii’s Small Business Innovation Research (HSBIR) grant programs provide matching grants, up to 50 percent, to help companies advance their technology products from research into the market. Hawaii’s grant winners are creating some of the best technology solutions in the nation.

Hawaii’s SBIR program (likes to claim it) brings in about 20 federal dollars for every $1 invested by the state, helping to create high-paying jobs in science, technology, engineering and math (STEM) fields and establishes a profitable, self-sustaining technology industry in Hawaii.

The (illusory) projects receiving funding include: an underwater robot to install cables autonomously; commercialized supercooling technology for subzero nonfreezing preservation of fresh foods; a therapy management system for model-based behavioral interventions; aircraft structural analysis and anomaly detection, among others.

These projects are (purportedly) designed to help organizations like the U.S. Navy, USDA, National Oceanic and Atmospheric Administration, National Institutes of Health, U.S. Environmental Protection Agency, and more.

The following companies received awards:

HSBIR Phase I Matching Grant Awardees:

  • Premier Solutions
  • Navatek
  • Math Nimbus/Algorithm Hub
  • Nalu Scientific
  • Forever Oceans
  • Hawaii Fish
  • Oceanit Laboratories
  • HNU Photonics
  • Tridentis AMV

HSBIR Phase II & III Matching Grant Awardees:

  • Referentia Systems
  • Kampachi Farms
  • Jun Innovations
  • Experiad
  • Makai Ocean Engineering

In 1988, HTDC began providing matching grant funds to Hawaii companies who received Federal Small Business Innovation Research Grants. These companies are recognized for advancing technology to solve critical challenges for the nation. The Hawaii SBIR matching grant program is the longest state funded SBIR matching program in the United States.

# # #

About HTDC (Hawaii Technology Development Corporation)
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. HTDC is providing capital, building infrastructure and developing talent to foster innovation and diversify Hawaii’s economy. HTDC’s 80/80 Initiative is to create 80,000 new tech and innovation jobs that will provide high paying jobs for Hawaii residents. 

HB: Meet the 27 winners and finalists of the Hawaii Venture Capital Association awards (Ca-Ching!)

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