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HAWAII TECHNOLOGY DEVELOPMENT VENTURE

HAWAII TECHNOLOGY DEVELOPMENT VENTURE. Harold Masumoto Project Director. START-UP. 1 October, 2003: Appropriation Spring 2004: ONR BAA for Program Management 1 July, 2004: Receipt of award by PICHTR from ONR Kickoff announcement by Senator Daniel K. Inouye 2.

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HAWAII TECHNOLOGY DEVELOPMENT VENTURE

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  1. HAWAII TECHNOLOGY DEVELOPMENT VENTURE Harold Masumoto Project Director

  2. START-UP • 1 October, 2003: Appropriation • Spring 2004: ONR BAA for Program Management • 1 July, 2004: • Receipt of award by PICHTR from ONR • Kickoff announcement by Senator Daniel K. Inouye • 2

  3. HAWAII TECHNOLOGY DEVELOPMENT VENTURE: MISSION To create a center to exploit the capabilities of Hawaii-based small business firms in performing high technology efforts related to current and future U.S. Navy and Department of Defense programs. The results of this effort shall be a stronger technology base in Hawaii for meeting U.S. Navy and Department of Defense technology requirements.* *Agreement No: N00014-04-2-0004 between ONR & PICHTR: Introduction and Purpose 3

  4. HTDV: THE PLAYERS • Senator Daniel K. Inouye • DOD/ONR: ONR MIDPAC Office, Program Manager (Ted Sheppard) • PICHTR: Prime Contractor • Private sector partners: • Battelle Memorial Institute • Lockheed Martin ORINCON • Enterprise Honolulu 4

  5. HTDV: ADDITIONAL AGREEMENTS Other private-sector assistance • Research Corporation of the University of Hawaii (RCUH) for clients with UH involvement that may benefit from RCUH administrative services. • Science & Technology International (STI) for clients that may benefit from STI’s incubator services. 5

  6. HTDV: EXECUTION & IMPLEMENTATION • 1 July 2004: RFP available to potential awardees • 31 August 2004: 5-page abstract due – 118 received • 8 September 2004: 1st review by Technical Subcommittee of the Advisory Board • 17 September 2004: 20 1st round applicants notified and full proposals requested • 29 October 2004: final proposals due • November – December 2004: final review, clarification and resubmissions, additional documentation, etc. • January – April 2005: contracts awarded 6

  7. HTDV: EXECUTION & IMPLEMENTATION • Currently all projects underway • Based on reviews, 2 project budget increases approved – 1 large and 1 small – with other requests under review • Lockheed Martin ORINCON and Dr. Paul Yuen conducting periodic technical reviews; PICHTR conducts financial reviews 7

  8. HTDV: ADVISORY BOARD HTDV 11-MEMBER BOARD OF DIRECTORS Voting members: Eugene Bal, Maui High Performance Computing Center Tom Cooper, General Dynamics (Kauai) William Friedl, National Defense Center of Excellence for Research in Ocean Sciences Robert Kihune, Economic Development Alliance of Hawaii Richard Lim, City Bank Ted Liu, Department of Business, Economic Development and Tourism Raymond Ono, First Hawaiian Bank Vassilis Syrmos, University of Hawaii 8

  9. HTDV: ADVISORY BOARD NON-VOTING EX-OFFICIO MEMBERS Ted Sheppard, Office of Naval Research Harold Masumoto, HTDV Mike Fitzgerald, Enterprise Honolulu TECHNICAL SUBCOMMITTEE Eugene Bal Tom Cooper William Friedl Vassilis Syrmos 9

  10. HTDV: 20 FINALISTS • 20 projects from 18 companies • Total awards just under $4.5 million for projects ranging from $50,000 to $499,890 • University connections: 3 projects involve UH faculty members teaming with mid-size local companies 10

  11. HTDV: 20 FINALISTS Stages of Development: • Early seed: 7 projects • Applied Computer Electronics Custom Design • Baldridge & Associates Structural Engineering • Cellular Bioengineering Inc • Hawaii Hydrogen Carriers LLC • HawaiiWave High Speed Wireless Networks LLC • Kuehnle AgroSystems Co LLC • Peletex Inc 11

  12. HTDV: 20 FINALISTS Stages of Development: • Seed/follow on (academic): 4 projects • Archinoetics LLC • Pipeline Communications and Technology • Referentia Systems Inc • TREX Enterprises 12

  13. HTDV: 20 FINALISTS Stages of Development: • Seed/follow on (defense): 7 projects • 21st Century Systems Inc • Enviroguise Enterprises • NanoPoint • ITS-NovaSol (3) • SEE/RESCUE Corporation • Follow on/commercialization: 2 projects • Akimeka • Oceantek Inc 13

  14. HTDV: OUTSTANDING ISSUES • 2nd Year Implementation • 2005 Focus Areas • 3rd Year Funding • Convergence of Objectives: • Government/DoD • State/Economic Development • Business/Entrepreneurs 14

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