Funding to Help Hawaii Businesses

HTDC provides a variety of funding programs to support research & development, manufacturing growth and technology community activities. Funding supports company growth which stimulates a robust technology and innovation economy. The application process for our programs is simple and most programs accept applications on an ongoing basis.

Overview

Technology intensive companies such as businesses conducting research & development or manufacturing must be able to compete in today’s global markets.   The State of Hawaii supports these important industries that are creating high wage jobs by providing grant funding to support their efforts.

Hawaii Small Business Innovation Research Program

HSBIR provides matching grants to help companies further the development of new products to solve critical issues. Applicants must have received federal SBIR grants or contracts to qualify for the state matching grant program. The HSBIR programs provides up to 50% match for companies receiving SBIR awards. Companies may apply also for reimbursement for grant writing costs for their initial grant application.

Overview

In 1988 HTDC began providing matching grant funds to Hawaii companies who received Federal Small Business Innovation Research Grants (SBIR).  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.  Initially the grant program only funded companies that received Phase I grants. In 2016, the program was expanded to help companies who are moving their advanced technology products from research into the market.  Hawaii’s SBIR Phase II and Phase III winners are creating the best technology solutions in the nation.

HSBIR Metrics since inception

Federal phase 1 funding

$51 MM

Federal phase 1 funding

HSBIR phase 1 matching grants

$8.6 MM

HSBIR phase 1 matching grants

Federal phase 2/3 funding

$124 MM

Federal phase 2/3 funding

HSBIR phase 2/3 match

$3.9 MM

HSBIR phase 2/3 match

HSBIR Application Process

Step 1

CLICK HERE to apply on line. Application will be reviewed to make sure it meets criteria. Applications will close on Sep 22nd.

Step 2

Applicants will present its company and SBIR project to an Ad Hoc review committee and do a follow-on presentation to the Federal Projects Committee.

Manufacturing Assistance Grant Program

The Hawaii manufacturing industry, albeit small, is important to our economy.  These companies make the Made In Hawaii brand a global commodity.   Hawaii food products, clothing, and other products are sought throughout the world.  Our manufacturers need assistance in controlling costs, making sure employees are well trained and securing the latest technology to grow their business.

Overview

HTDC’s Manufacturing Assistance Grant Program (MAP) offers Hawaii-based manufacturers up to a 20% reimbursement (up to $100,000) on qualified expenses to help Hawaii manufacturers become globally competitive. Qualifying expenses include: equipment purchases, training, energy efficiency projects, and manufacturing feasibility studies.

FY16 Stats

69

applications

51

companies funded

$1.9 million

grants

$38 million

Company match

MAP APPLICATION PROCESS

Step 1

CLICK HERE to complete application online. Applicants must have paid invoices for the items they are seeking reimbursement.

Step 2

MAP review committee reviews application to make sure it meets criteria and determines funding level.

Testimonials

“The MAP grant has helped us to purchase equipment for better efficiency and expanded production. These capital improvements will enable us to increase annual sales by $900,000, add eight new employees, and attract over $1,500,000 in additional investments.”

GARRET W. MARRERO,

CEO & FOUNDER
MAUI BREWING CO, KIHEI, HI

Sponsoring Innovation

HTDC promotes Hawaii’s innovation and technology community with sponsorships of events throughout the year. HTDC is open to sponsoring events that support its mission. Examples of sponsored events include industry conferences, investor pitch competitions, entrepreneur/technology showcases, startup events, venture capital workshops, and tech and innovation community networking events. Organizations must be HCE compliant.

Overview

Hawaii is fast becoming a vibrant innovation and startup hub.  There are new organizations providing programs and events that encourage collaboration and new company formation.  These organizations are critical in the growth of Hawaii’s tech and innovation economy.  HTDC provides funding to support their activities to achieve its 80/80 Initiative.

 

Sponsorship Application Process

Step 1

Read the required RFP first, then apply online. Applications should be submitted well in advance of the event.

Step 2

A committee will review application to determine if the event meets HTDC’s mission