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Hawaii Angels provides a forum for members to review investment presentations and share opinions about these opportunities. The forum also allows for networking with professionals of various backgrounds, and exploring new opportunities in Hawaii. Since its founding in February 2002, the member angels have invested more than $50 million in over 100 companies. Hawaii Angels was founded as UH Angels by Robert Robinson, Ph.D., in February 2002. In September 2006, the organization was incorporated as a non-profit and changed its name to Hawaii Angels. The number of members has grown to approximately 80. Maui and Big Island chapters were founded in 2006. Hawaii Angels focuses on start-up investment companies with strong teams, proprietary technology, and large potential markets, and reviews both Hawaii and mainland opportunities. The majority of Hawaii companies reviewed are designated as Qualified High Technology Businesses (QHTB's) eligible for Act 221/215 tax credits. By definition, a QHTB must operate in one of the following areas: Development and design of computer software, Biotechnology, Performing arts products, Sensor and optic technologies, Ocean sciences, Astronomy, and Non fossil fuel energy-related technology.
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