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Leighton K. Chong
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Hi John:
The recommendation in my blog at the commercialization stage is generally for physical product assembly at lower cost in the Philippines for shipping on Hawaii sales or licensing to Asian customers. There are also many Philippine firms eag…
"The foreign partner would also be enabled to manufacture and ship the product to orders for the Hawaii partner to global markets at a much lower cost, and therefore greater profitability, than from the U.S."
Is your recommendation primarily for ha…
Aloha,
This is to let you know that I have posted a new blog article on "Why Hawaii Technology Companies Should Consider Outsourcing Their R and D Work" which you may find of interest. Please feel free to post any comments you may have.
Leighton K…
Aloha TechHui Members:
So far we have had 30 responses to the survey, which indicates considerable interest in this issue but is far short of representative of TechHui's 1300 members. If you have not done so yet, please take a few moments to fill o…
Hi Patrick,
If there is no compelling reason to continuing locating in downtown Honolulu, Kapolei has cheaper housing and thus cost of living....plus some nice surf breaks that not so crowded. Welcome to West Oahu...
Hi Patrick:
Your employer Superb Internet has experienced a micro-version of being "Superferried". You have my sympathies. However, if your location is in any one of the following enterprise zones in C&C Honolulu, your company can claim 100% exempt…
Thanks Leighton,
That's definitely very informative. Regarding the third option I have some experience with that program and it's restrictions though. There is a serious limitation in the requirements in that it doesn't allow startups using PEO serv…
Thanks for your comments, Keith. I agree with your first 3 points, which is why I find Karl Fooks' points on shifting toward sector-focused funds primed by angel investing very promising. As for compelling business model, before one can pitch, one h…
Greetings - just arrived. Just joined. Nice thread on this topic. My initial thoughts/questions:
1. Venture Capital as an asset class is at risk. No returns since 1999. Too many "VCs", Funds finding it harder to attract LPs. Low cost of entry for o…
WOW!!!! finally some sensable alternatives that have worked in other places. Very refreshing.
Karl Fooks, new Director of HSDC, gave an excellent overview of promising options for promoting venture capital investment in technology companies in Hawaii at the HVCA luncheon talk yesterday. Here are some of the main points I noted down from Mr.…
Hi Patrick:
Mahalo for your comments. I will add them to a listing of write-in comments for future reference.
Re aggressive tax breaks for technology startups, some of the existing Hawaii tax breaks include:
(1) Research Expenditure Tax Credit. A…
I am not up to date on the fine print for Act 221 or Bill 199. Nor am I an expert on legal matters or taxes or venture capital. These are just my suggested resolutions to personal observations of the difficulties of innovative Hawaii business's over…
Aloha TechHui Members:
We would like to hear your opinion on an important issue for tech companies in Hawaii. After the "11th hour" Bill 199 restrictions on Act 221 investment tax credits passed in the last Legislative Session, our tech community n…
Profile Information
- Occupation:
- Other
- Company:
- IP & Patent Attorney
- Areas of Interest (Robotics, Software Architecture, Green Energy, Web 2.0, etc.):
- E-commerce, IT, software, computers, EE, general & mechanical, Green Energy, Hawaii innovation and patent policies
- About Me:
- Mr. Chong has been an intellectual property and patent attorney for over 35 years, specializing in electronics, computers, software, IT, and e-commerce. He is a registered patent attorney with the U.S. Patent Office, and a licensed attorney in New York and Hawaii. He obtained his Bachelor of Science degree in Electrical Engineering at Yale University, and Juris Doctor degree at Boston University School of Law. He was a founding partner of the intellectual property law firm of Ostrager Chong Flaherty & Broitman, NYC, to which he remains Of Counsel and heads its Hawaii office. He continues to practice intellectual property and patent law in Hawaii, working with technology companies particularly in the renewable energy field.
- Twitter Username
- LKMChong
Leighton K. Chong's Blog
Why Hawaii Technology Companies Should Consider Outsourcing Their R and D Work
Aloha,
This is to let you know that I have posted a new blog article on "Why Hawaii Technology Companies Should Consider Outsourcing Their R and D Work" which you may find of interest. Please feel free to post any comments you may have.
Leighton K. Chong
This is to let you know that I have posted a new blog article on "Why Hawaii Technology Companies Should Consider Outsourcing Their R and D Work" which you may find of interest. Please feel free to post any comments you may have.
Leighton K. Chong
Posted on November 20, 2009 at 12:47pm — 2 Comments
How Do We Best Support an Innovation Economy?
Aloha TechHui Members:
So far we have had 30 responses to the survey, which indicates considerable interest in this issue but is far short of representative of TechHui's 1300 members. If you have not done so yet, please take a few moments to fill out the TechHui survey today. We would like to report the results of the survey in a tech community meeting on 2010 Legislative initiatives next week.
So far we have had 30 responses to the survey, which indicates considerable interest in this issue but is far short of representative of TechHui's 1300 members. If you have not done so yet, please take a few moments to fill out the TechHui survey today. We would like to report the results of the survey in a tech community meeting on 2010 Legislative initiatives next week.
Posted on October 8, 2009 at 7:36am —
Karl Fooks: How Do We Best Support an Innovation Economy?
Karl Fooks, new Director of HSDC, gave an excellent overview of promising options for promoting venture capital investment in technology companies in Hawaii at the HVCA luncheon talk yesterday. Here are some of the main points I noted down from Mr. Fooks presentation:
1. Angel investment tax credits: perhaps a continuation of Act 221; 16 other states have similar tax credits, averaging about 50% of invested amount, and capping total tax credits that can be taken.
2. State funds-of-funds to enco… Continue
1. Angel investment tax credits: perhaps a continuation of Act 221; 16 other states have similar tax credits, averaging about 50% of invested amount, and capping total tax credits that can be taken.
2. State funds-of-funds to enco… Continue
Posted on September 25, 2009 at 8:30am — 1 Comment
How Do We Best Support an Innovation Economy?
Aloha TechHui Members:
We would like to hear your opinion on this important issue for tech companies in Hawaii. After passage of Bill 199 restrictions on Act 221 tax credits in the last Legislative session, what legislative measures do you support to make investment capital for funding tech companies available in the next Legislative session in January 2010. Please take a few moments to fill out the TechHui survey… Continue
We would like to hear your opinion on this important issue for tech companies in Hawaii. After passage of Bill 199 restrictions on Act 221 tax credits in the last Legislative session, what legislative measures do you support to make investment capital for funding tech companies available in the next Legislative session in January 2010. Please take a few moments to fill out the TechHui survey… Continue
Posted on September 21, 2009 at 4:30pm — 5 Comments
A New Model for Venture Capital Investment in Tech Companies in Hawaii
It is time that we put on our thinking caps and create a new model for venture capital investment more suited to our real circumstances in Hawaii. I advocate three major changes to the Hawaii venture capital model for tech companies:
1. Allow Act 221 to sunset, and implement the Act 215 State Private Investment Fund (SPIF) to be funded with up to $38 million in state tax credits that can be used to guarantee secured interest-bearing notes issued to lenders.
2. Have the SPIF act as a “fund-of-f… Continue
1. Allow Act 221 to sunset, and implement the Act 215 State Private Investment Fund (SPIF) to be funded with up to $38 million in state tax credits that can be used to guarantee secured interest-bearing notes issued to lenders.
2. Have the SPIF act as a “fund-of-f… Continue
Posted on August 27, 2009 at 5:00pm — 52 Comments
Comment Wall (1 comment)
- At 7:22am on May 14, 2009,
Daniel Leuck said… - Welcome Leighton! I enjoyed our chat at MIC's service provider event. Your blog, which we just added to our blog roll on the front page, is always an excellent read. I particularly liked Should Hawaii Be A "Patent-Free Zone" For Renewable Energy Technologies?
The FAQ is a good place to learn about the site. You may want to join some of the interest groups such as Renewable Energy, Social Web Tech and Tech Entrepreneurs.
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