HTDC Awards More Than $1 Million in Grants to Hawaii Companies for Research and Development

Posted on Apr 13, 2017 in News

High Technology Development Corporation
For Immediate Release: April 13, 2017

HONOLULU—The High Technology Development Corporation (HTDC) awarded grants to six Hawaii-based companies to support their research and development efforts of new products and solutions.

“We are pleased to support these federal grant recipients at the state level to help them expand on their research and development,” said Luis P. Salaveria, director of the Department of Business, Economic Development and Tourism, which oversees HTDC. “In addition to the contribution these companies have made to Hawaii’s innovation economy, their cutting-edge work has the potential to create meaningful and lasting benefits to our community.”

“Hawaii companies are developing solutions to address important issues in healthcare, energy, sustainable food sciences and defense technology, which will have national and international impacts,” said Robbie Melton, executive director and CEO of HTDC. “Funding these types of projects not only enables companies to bring their products to market, it also helps to build the state’s technology ecosystem and spurs innovation.”

The Hawaii Small Business Innovation Research (HSBIR) program offers funding to R&D companies that are developing new technologies. Grants are awarded in two phases. Companies must be recipients of federal SBIR grants to qualify for state level funding.

Phase 1 grants, which funds projects through the early stages of development, were awarded to six companies:

Adnoviv LLC (Oahu) $79,000
Forever Oceans (Hawaii) $57,906
Hawaii Biotech (Oahu) $100,000
Jun Innovations (Oahu) $49,700
Kampachi Farms (Hawaii) $59,000
Oceanit (Oahu) $135,000 (3 projects)

Two companies received Phase 2 grants, which help accelerate the development of the projects:

Hawaii Biotech $191,425
Kampachi Farms $100,000

“This grant is incredibly important to us for developing intelligent sensors and systems that will eventually lead to increased energy efficiencies in ‘smart buildings,’ said Dr. Olga Boric-Lubecke, President of Adnoviv LLC. “As a woman-owned business, the HSBIR grant is additionally meaningful as it allows us to showcase the STEM work being done in Hawaii, as well as inspire local girls to enter the science, technology, engineering, and math fields.”

About HTDC (High 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 the capital, building the infrastructure and developing the 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.

About DBEDT (Department of Business, Economic Development and Tourism)
DBEDT is Hawaii’s resource center for economic and statistical data, business development opportunities, energy and conservation information, and foreign trade advantages. DBEDT’s mission is to achieve a Hawaii economy that embraces innovation and is globally competitive, dynamic and productive, providing opportunities for all Hawaii’s citizens. Through its attached agencies, the department fosters planned community development, creates affordable workforce housing units in high-quality living environments, and promotes innovation sector job growth.

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Media Contacts:

Robbie Melton
High Technology Development Corporation
Office: (808) 539-3615
Website: www.htdc.org

Christine Hirasa
Department of Business, Economic Development and Tourism
Phone: (808) 587-9006
Mobile: (808) 286-9017
Website: dbedt.hawaii.gov

Jocelyn Collado
Becker Communications, Inc.
Phone: (808) 533-4165