A state-sponsored fund launched last year to help Hawaii technology companies move beyond research and into commercialization is yielding impressive results.
The initial $5 million set aside by lawmakers in 2007 has since multiplied by six times to create $30 million in additional funding for 15 Hawaii-based tech companies that tapped into the fund. State funds were not released until January 2009, meaning the money went to work quickly over the past 15 months.
The 15 companies also credit the funding for creating a total of 90 new high-tech jobs in the Islands during the same time period and the commercialization of 20 products ranging from small aircraft to a specialized concrete that, when hardened, can alert a person to any forming cracks.
To read the full, original article click on this link: State’s dual-use technology investment pays off - Pacific Business News (Honolulu):
Author: Nanea
Kalani
