06/19/2026 | News release | Distributed by Public on 06/19/2026 16:42
Hawaii Technology Development Corporation
For Immediate Release: June 19, 2026
HONOLULU-The Hawaii Technology Development Corporation (HTDC) has awarded millions of dollars in grant funding across several key programs to support local businesses and accelerate statewide innovation. These allocations reinforce HTDC's commitment to cultivating a robust technology and business ecosystem in Hawaii that nurtures economic resilience, fosters innovation and fuels long-term growth for local enterprises.
HTDC's Manufacturing Assistance Program (MAP), a signature initiative supporting the state's manufacturing sector, continued to demonstrate strong demand and measurable economic impact in FY26. The program received $1.7 million in funding requests and awarded $865,660 to 26 companies, including seven first-time MAP recipients, following a rigorous evaluation and tiered scoring process. These awards leveraged more than $10 million in qualified manufacturing investments statewide, underscoring the importance of continued MAP funding to sustain growth, modernize production capabilities and strengthen Hawaii's manufacturing competitiveness.
FY26 MAP Award Recipients
*First-time MAP awardees
The Hawaii Small Business Innovation Research (HSBIR) matching grant program continued to generate strong economic impact in FY26, leveraging approximately $22 million in federal SBIR funding. HTDC received 23 qualified applications across Phases I, II and III and recommended 19 awards following a competitive, policy-driven review. Awards included 11 Phase I, seven Phase II and one Phase III project.
This year's proposed awards total $1,281,730 and support projects in ocean, space, health and energy technologies, while helping Hawaii companies progress from research to commercialization. The HSBIR program is one of HTDC's most successful, historically returning more than 20 federal dollars for every state dollar invested. FY26 awards are projected to support 239 new jobs statewide, further strengthening Hawaii's innovation economy.
"HTDC's support means a lot to us. This funding helps Second Wave Technologies continue building Tadata.ai here in Hawaii and gives us room to keep moving the technology forward after our SBIR Phase I work," said Chad Kumabe, president of Second Wave Technologies. "It helps us stay focused on turning the research into a practical platform for trusted, evidence-based AI analysis while also preparing for the next stage of SBIR growth. We're really grateful for HTDC's support and for the work you all do to help Hawaii companies compete in larger national markets."
FY26 SBIR Award Recipients
Phase I
Phase II
Phase III
*First-time HSBIR companies
**Companies that previously received Phase I matching grants
HTDC continues its support for entrepreneurial development through the Accelerator and Small Business Training Program. In 2026, HTDC awarded $1 million to seven programs selected through a competitive evaluation process. The awardees will deliver comprehensive training, mentorship and support services to Hawaii-based businesses. These initiatives play a critical role in strengthening Hawaii's entrepreneurial ecosystem and helping local companies grow and succeed.
FY26 Accelerator and Small Business Training Program Award Recipients
*First-time awardees
"Congratulations to the awardees of the MAP, SBIR and Accelerator grants," said Trung Lam, executive director and CEO of HTDC. "These programs continue to be powerful catalysts that help our companies innovate, expand and contribute to Hawaii's economic resilience. "It is essential that we continue supporting these businesses so they can thrive, compete and build a stronger future for our state."
HTDC remains dedicated to elevating Hawaii as a center of innovation and entrepreneurship. These grant investments help advance that vision by empowering local companies to grow and compete in the broader global economy.
For more information about HTDC and its programs, please visit www.htdc.org.
About the Hawaii Technology Development Corporation (HTDC)
HTDC is a state agency attached to the Department of Business, Economic Development and Tourism (DBEDT) and is focused on promoting and developing Hawaii'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 www.htdc.org.
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MEDIA CONTACTS:
Umma Berkelman
Economic Development Specialist
Hawaii Technology Development Corporation, State of Hawaii
Phone: 808-539-3839
Laci Goshi
Communications Officer
Department of Business, Economic Development & Tourism, State of Hawaii
(808) 518-5480