Governor Neil Abercrombie announced yesterday an infusion of 13 million dollars from the U-S Treasury for venture capital investments in the state … basically “seed money” for business start-ups. The Hawaii Strategic Development Corporation will manage the funds to generate what it hopes will be 100-million dollars in private investment over the next 7 years. The Governor says local companies have a proven track record in high technology development and he’s confident they will prove themselves …
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(In: “We have a niche if you … Out: … objectives of the national program. ”)
TAG: The Governor says he hopes to boost innovative industries with a focus on energy self-sufficiency or food security.