Abercrombie wants to give $20 million to business entrepreneurs

By Derrick DePledge

POSTED: 01:30 a.m. HST, Feb 25, 2013

~~<p>Looking to drive entrepreneurship in an economy dominated by tourism and the military, the Abercrombie administration is willing to spend $20 million over two years to help local startup companies take ideas to market.</p>
<p>The Hawaii Growth Initiative would be a state investment program that would help commercialize research being conducted in the islands, mentor budding entrepreneurs and mobilize startup investment capital. The administration contends the state money would attract additional private-sector investment and hatch new companies that would create higher-paying jobs and diversify the state's economy.</p>
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Looking to drive entrepreneurship in an economy dominated by tourism and the military, the Abercrombie administration is willing to spend $20 million over two years to help local startup companies take ideas to market.

The Hawaii Growth Initiative would be a state investment program that would help commercialize research being conducted in the islands, mentor budding entrepreneurs and mobilize startup investment capital. The administration contends the state money would attract additional private-sector investment and hatch new companies that would create higher-paying jobs and diversify the state's economy. Login for more...