Leighton K. Chong's Blog (23)

Well, it’s official. The Governor did not veto the Legislature’s Bill 199, so Hawaii’s Investor Tax Credit for high technology companies has now been scaled back from a maximum of 200% to “only” 100% return of high tech investment through tax credits, and the credits will now be claimable at no more than 80% of State income tax liability per year. Actually, the scaling back of benefits was not so bad. Rather, it was the way the whole tax credit program has been conducted over the past 10 years,… Continue

The closing date for submissions to my INVENTION CONTEST on Renewable Energy is July 4th. The winner in each category of challenge idea will receive my coveted “GOLDEN BAGEL AWARD” for best Hawaii intellectual property achievement of the year. For the 3 winners chosen in the Invention Contest, I will also perform a FREE patent search on each invention and provide my written opinion on its patentability (a $1500 value). Please check my blog: http://hawaiitechnology.blogspot.com.

I’ve wondered why, with our HCEI goal to convert from 90% foreign oil dependency to 70% renewable energy use by 2030, there have not been more Hawaii companies working on innovations in renewable energy. As my own innovation stimulus, I am offering this INVENTION CONTEST for anyone to come up with new, useful and nonobvious solutions to the following 3 invention starter ideas. The winner in each category will be announced on my blog site and receive my coveted “GOLDEN BAGEL AWARD” for best… Continue