Haw. Code R. § 15-5-2
As used in this chapter, unless a different meaning clearly appears in the context:
"Advisory committee" means the committee appointed by the director, pursuant to section 211E-4, HRS, to advise the director on applications for loans;
"Department" means the department of planning and economic development;
"Director" means the director of planning and economic development;
"Financial institution" means banks and other lending institutions whose regular course of business includes the making of commercial and industrial loans.
"Innovation" means any new product or invention;
"Invention" means any new process or technique for which a patent has been granted; or which, in the opinion of the advisory committee, has a favorable chance of obtaining a patent;
"Inventor" means any resident taxpayer subject to the jurisdiction of the laws of the State of Hawaii who develops an innovation;
"Loan" means a direct loan made by the department, or a loan in which the State participates with financial institutions;
"Product" means any product, device, technique, or process, which is or may be exploitable commercially. This term shall not refer to pure research but shall be construed to apply to such products, devices, techniques, or processes which have advanced beyond the theoretical stage and are readily capable of being, or have been reduced to practice;
"State" means the State of Hawaii.
Haw. Code R. § 15-5-2