Hawaii Revised Statutes Division 1. Government § 206M-15.2

(1) Apply funds to support product development, technology transfer, and commercialization;

(2) Provide capital to support accelerated commercialization activities for qualified Hawaii-based small businesses;

(3) Provide capital to sustain high-potential infrastructure development to assist qualified Hawaii-based small businesses towards commercial success;

(4) Promote efforts that reverse the loss of qualified workers to other states by providing jobs to retain existing Hawaii technology employees and enable highly qualified scientists and engineers to return to living-wage jobs in Hawaii;

(5) Promote efforts that keep technology companies in Hawaii by limiting the need to seek out-of-state venture capital, which dilutes local ownership and increases the probability of high-potential technology companies moving from Hawaii; and

(6) Provide grants of up to $300,000 for critical product development that enables a qualified Hawaii-based small business to achieve significant product development and technical milestones.

(1) Headquartered in the State;

(2) Doing business in the State for not less than five years; and

(3) Employing fifteen or more residents with income subject to taxation pursuant to chapter 235.

“Resident” shall have the same meaning as in section 235-1.