HI SB48

Merges the Hawaii Technology Development Corporation and Hawaii Strategic Development Corporation into a single entity renamed the Hawaii Innovation, Technology, and Research Corporation.

Establishes new programs including seed capital assistance, venture capital assistance, capital access programs, and a Hawaii technology investment program for individual investors to contribute venture capital in Hawaii businesses.

Creates a hydrogen investment capital special fund for seed and venture capital investments in renewable hydrogen research, development, and implementation projects.

Reduces the corporation's board from 11 to 9 voting members and replaces ex officio positions from strategic development corporation and natural energy laboratory with a Department of Agriculture representative.

Appropriates $970,000 for fiscal year 2018-2019 to convert 1.50 permanent and 6.25 temporary positions from special funds to general funds, plus $720,000 for a technology park coordinator and first responders technology park project.