HI SB718

Appropriates funds to the Hawaii Strategic Development Corporation to establish the HI Growth Initiative, an investment program supporting high-growth entrepreneurial businesses and job creation.

The HI Growth Initiative will develop an innovation ecosystem through research commercialization, entrepreneur mentoring, and mobilization of startup investment capital.

Requires the Hawaii Strategic Development Corporation to submit annual reports to the legislature on HI Growth Initiative activities and expenditures, beginning with the 2014 regular session.

Specific appropriation amounts are not included in the bill text (blank spaces appear where dollar amounts should be specified).

Effective date is July 1, 2050 (note: this appears to be a drafting error, as the bill is from the 2013 legislative session).