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Hawaiʻi Technology Development Corporation Allocates Millions in Grants to Empower Local Businesses

June 4, 2024

The Hawaiʻi Technology Development Corporation (HTDC) has allocated millions of dollars in grant funding across a range of programs to foster an environment where local businesses can thrive and innovate. The allocations demonstrate the dedication of HTDC to paving the way for a vibrant and thriving technology ecosystem in Hawaiʻi, by nurturing innovation and strengthening economic growth within the local business community.

The Manufacturing Assistance Program (MAP) grant, a cornerstone of HTDC’s initiatives, has set aside a substantial sum of $1.75 million to bolster Hawaiʻi’s manufacturing sector. The MAP grant provides a reimbursement of up to 20% (capped at $100,000) on eligible expenditures, which include equipment procurement, workforce training, energy efficiency projects and feasibility studies for manufacturing. This strategic investment is designed to elevate the global competitiveness of Hawaiʻi’s manufacturers, equipping them with the resources to excel in today’s dynamic market landscape.

In addition, the Hawaiʻi Small Business Innovation Research (HSBIR) award program has earmarked $2 million to assist businesses that have been recipients of federal Small Business Innovation Research (SBIR) grants. With its roots tracing back to 1988, Hawaiʻi’s SBIR matching grant program holds the distinction of being the longest-running state-funded SBIR matching program in the United States. This financial support not only fuels technological innovations but also enhances the competitive edge of small businesses, thereby stimulating job growth and fortifying the state’s economy.

“Thanks to HSBIR funding awarded by HTDC, Nalu Scientific has been able to develop products to be commercially available and to successfully operate during a period of lean business by tapping into the local talent pool,” said previous SBIR grant recipient, Isar Mostafanezhad, founder and CEO of Nalu Scientific.

HTDC continues to demonstrate its commitment to fostering entrepreneurial skills through the 2024 Accelerator and Small Business Training Program. Following an intensive selection process, $1.9 million has been granted to nine programs, all aimed at delivering extensive training and support to local enterprises. These initiatives are designed to nurture a thriving environment of innovation and entrepreneurship, with a particular emphasis on enabling
Hawaiʻi-based businesses to flourish and prosper.

“Congratulations to awardees of the MAP, SBIR, and Accelerator grants. These grants are set to be the catalysts that propel the awardees’ endeavors, stimulating growth and nurturing innovation within our local sectors,” said Wayne Inouye, Interim Executive Director of HTDC. “The infusion of funding is a pivotal step toward sustainability and prosperity of Hawai‘i’s small businesses.”

HTDC remains committed to advancing Hawaiʻi’s position as a global leader in innovation and entrepreneurship, and these grants represent a significant step toward achieving that vision. For more information about HTDC and its grant programs, please visit

SBIR Awardees

Phase I Company Awards:

  • Hawaii Biotech Inc.
  • Cloudstone Innovations Inc.*
  • MorphOptic Inc.*
  • Pacific Hybreed Inc.*
  • Simonpietri Enterprises LLC
  • WaiHome LLC
  • PacMar Technologies LLC
  • Oceanit Laboratories Inc.
  • VisSidus Technologies Inc.
  • Jun Innovations Inc.
  • Nalu Scientific LLC

Phase II Company Awards:

  • Hawaii Biotech Inc.
  • Symbrosia Inc.
  • Ocean Era Inc.
  • Experiad LLC
  • Hawai‘i ‘Ulu Producers Cooperative
  • MorphOptic Inc.
  • Ai.Fish LLC
  • WaiHome LLC
  • Simonpietri Enterprises LLC
  • Interstel Technologies Inc.*
  • Oceanit Laboratories Inc.
  • Nalu Scientific LLC
  • H NU Photonics LLC
  • Hawaii Fish Company Inc.
  • PacMar Technologies LLC

Phase III Company Awards:

  • Referentia Systems Inc.
  • Advanced Silicon Carbide Materials LLC*

* First-time SBIR companies

MAP Grant Awardees

  • COHI Inc.
  • Mahalo Brewing Co. LLC (DBA Mahalo Aleworks)
  • Kealopiko Inc.*
  • Aumakua Holdings Inc.
  • Gypsy Juice LLC (DBA Maui Juice Co.)*
  • Hawaii Sea Spirits LLC
  • The Maui Cookie Lady*
  • Maui Beverage Company LLC *
  • British Hawaiian Industries Ltd.
  • Hanalei Spirits Distillery Corp.*
  • Kauai Fine Woodworking LLC*
  • Koko Kai Foods LLC*
  • Liko Lehua LLC*
  • Salty Wahine Gourmet Hawaiian Sea Salts
  • Hawaiian Agricultural Products LLC (DBA Hawaiian Shochu Company)*
  • Tradition Coffee Roasters*
  • Tea Hawaii & Company*
  • Manoa Honey Company LLC*
  • Lonohana Estate Chocolate*
  • Pop Culture Artisan Pops LLC*
  • Pawniolo Pets*
  • Omao Labs LLC (DBA Kauai Hemp Company)*
  • Rusty’s Hawaiian Coffee LLC
  • MXCAL LLC (DBA Raiz Tortillas)*
  • Oishii Family Restaurant LLC*
  • Punahele Provisions PBC*
  • Gourmet Barn LLC*
  • SKY Kombucha LLC*
  • Lanikai Mochi*
  • Small Kine Farm
  • Manu Brewing LLC*
  • Kakilepo LLC*
  • Aloha Edibles Inc.
  • Lubrco LLC*
  • Normal Corporation*
  • Ba-Le Inc. (DBA La Tour Bakehouse)
  • HNK Inc. (DBA Koha Foods)*
  • Diamond Bakery Company Ltd.
  • Hawaiian King Candies LLC
  • Big Island Coffee Roasters*
  • Paniolo Hardwoods LLC*
  • Purdyco International Ltd.*
  • FCH Enterprises Inc.
  • Hawaii Candy Factory LLC*
  • Edward Enterprises Inc.
  • Samurai Inc.*
  • Koloa Rum Company
  • Advanced Silicon Carbide Materials LLC
  • Meadow Gold Dairies Hawaii LLC
  • Okuhara Foods Inc.
  • Hawai‘i ‘Ulu Producers Cooperative
  • Waiakea Bottling Inc.
  • Verde Restaurant LLC*
  • Nippon Food Takeout & Catering Inc.*
  • PD Technologies LLC*
  • Simonpietri Enterprises LLC*
  • Kauai Island Brewing Company
  • Honolulu Beerworks LLC
  • Manulele Distillers LLC
  • Dana Labels Inc.
  • Lanikai Brewing Company LLC
  • Hawaii Beverage Manufacturing Company*

* First-time MAP companies

Accelerator and Small Business Training Awardees

  • Mana Up Labs LLC
  • Maui Economic Development Board (MEDB)*
  • Blue Startups
  • XLR8HI
  • Chamber of Commerce Hawaii*
  • Decisive Point
  • Impact Hub
  • Purple Mai‘a (Ka Maka ʻĪnana)*
  • Purple Mai‘a (Hawaiʻi FoundHer)

* First-time Accelerator and Small Business Training companies

About HTDC

HTDC is a state agency attached to the Department of Business, Economic Development and Tourism (DBEDT) and focused on promoting and developing Hawai‘i’s technology industry. With a mission to facilitate the growth of technology and innovation, HTDC plays a key role in connecting talent with opportunities in the state. For more information, please visit

Media Contacts:

Umma Berkelman
Hawai‘i Technology Development Corporation
P: 808-539-3839

Colleen Ching
Gray Media