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The details below are meant to inform you about our application process and help you submit a competitive application. Apply before April 16.
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Which track is right for you?
What are the deal points?
We invest:
$500,000USD
For this investment, we use a Simple Agreement for Future Equity (“SAFE”) or warrant donation, and funding is tied to agreed upon deployment milestones.
About the Project Track
Through the Project Track, we help buy down the risk of trying something new that will be transformational for your company. We want to fund a new piece of technology, a new angle on your business model, and/or technology deployment in Hawai‘i or California’s frontline communities. We will structure deployments under a 50-50 cost-share model.
Our Directors of Innovation work closely with companies to supercharge your network and accelerate impact through stakeholder introductions, community engagement, project management support, and Equity & Access work. Projects must be deployed in 16-months.
Geography
Projects should be deployed in Hawaiʻi or frontline communities in California.
General Stage Guidelines
- Series A and beyond
- At least 1 paying customer
- At least 1 full-time project manager
What does an average company look like?
Team size
22
Revenue
$916,000
Capital Raised
$11,000,000
What are the deal points?
We invest:
$300,000USD
For this investment, we use a Simple Agreement for Future Equity (“SAFE”) or Convertible Note, and funding is tied to two agreed upon deployment milestones.
What are the program elements?
Elemental will play a lighter role in project and stakeholder support than we do for our Project Track. Projects must be deployed in 16-months and will include an Equity & Access component that speaks to the history and culture of each place. We will structure deployments under a 50-50 cost-share model.
Geography
Projects can be deployed anywhere around the world.
General Stage Guidelines
- Series B and beyond
- At least 5 paying customers
- At least 1 full-time project manager
- Active in at least 2 geographic markets
What are the deal points?
We invest:
$200,000USD
For this investment, we request that companies make warrant donations in exchange for services. Funding is milestone-based and will be deployed as the coaching modules are completed.
About the Strategy Track
Through the Strategy Track, we invest in startups that are interested in custom support to address core strategy in the areas of market intelligence, sales & growth, operational scale-up, messaging, fundraising, and Equity & Access strategy.
Elemental connects companies’ CEOs and executives with coaches and curriculum to help them develop strategies for faster scale. This is a 9-month program and we expect active participation from the CEO and one additional executive team member. This funding is designed to support companies in the development and execution of those strategies.
Geography
Companies can be located and seeking to grow in any market around the world.
General Stage Guidelines
- Any stage
- At least 2 full-time employees
- A minimum of an operating prototype
What does the average company look like?
Team Size
5
Annual Revenue
$103,000
Outside Funding
$722,000
For our next cohort, we’re seeking technologies in these sectors:
Solutions:

As the world transitions to cleaner energy and renewables become both cheaper and better than fossil fuels, we need to invest in the next level of innovations that democratize energy, optimize current energy systems, and support the electrification of built and rural environments across the globe. We are looking forward to finding some of the most impactful technologies that will lead us to an integrated energy decarbonization roadmap and a more sustainable future.
Solutions:

As we reach new heights of mobility innovation, we are excited to see how companies are building business models and strategies to encourage mass adoption of electric fleets, slash emissions from freight and aviation, and deliver new revenue streams to cities buckling under the weight of the pandemic. The future of movement will be driven by the alignment of technology and mission, and we are looking for entrepreneurs with a deep understanding of the need to accelerate a just transition to clean, equitable mobility systems.
Solutions:

The inefficiency and fragmentation of our global food system have been starkly illuminated over the past year. To build resilience, we need to deliver better tools to help farmers produce more with less while continuing their stewardship of the land. Given the growing inequity in communities across the world, we’re especially interested in solutions that increase access to food, tools, land, and resources for frontline communities and farmers. As we work to curb the climate impacts of feeding a growing population, we’re also looking for regenerative solutions needed to help remove carbon from the atmosphere.
Solutions:

In the last year, inequities around access to clean, safe water have become even more pronounced while our critical water systems continue to be tested by emerging contaminants, aging infrastructure, and climate-related stresses. At the same time, we’ve seen just how resilient the sector can be. Moving forward, there is a real opportunity for the next generation of technologies to demystify water and provide a holistic understanding of how people, companies, and cities can collaborate to become better water stewards.
Solutions:

The circular economy is a broad umbrella — covering everything from carbon capture and utilization to innovative reuse models — but driving it all is the idea that we need to abandon the linear, extractive model and reconceptualize how we treat resources. Entrepreneurs are transforming the way we make materials, chemicals, clothing, buildings, and everything else in our daily lives to be less climate-intensive. I’m particularly excited to see how both nature-based and technological solutions can improve our existing systems and reach the scale needed to break the ‘take, make, waste’ model for good.
We do not fund:
- Project Developers (solar, wind, storage, etc.) selling third party products
- Consulting firms
- Marketing or PR agencies
- Nonprofits
- Acquired startups
- Startups without a prototype
- Companies with fewer than two full-time team members
Know a company that would be a great fit?
Refer a Company >What does the application process look like?
March 24 (early-bird deadline)
April 16 at 5:00 pm PT (final deadline)
Round 1: Qualifying App
This is the first step of our application process, we estimate that it will take approximately 30 minutes to complete. We will ask for:
- Company information including technology stage, funding stage & amount, team information and more.
- Materials including standard pitch deck and technical summary with a visual of your technology
May – June
Round 2: Documentation and Elemental Proposal
At this stage in the application process we want to dig into technical and financial details and learn more about how we can support your company’s success. We will ask for:
- Customer list, questions about your certifications and IP, capitalization table, balance sheets, income statement, cashflows, and financial projects.
- For Project Track we will ask you to submit details about your proposed project, including project description and ideal outcome, project partners and the status of their commitment to your project, budget, and timeline.
- For Global Track: In addition to the above, we will ask you to submit a non-binding Letter of Interest (LOI) to demonstrate interest by a cost-share partner.
June – July
Round 3: Interviews and Reference Checks
In the final step of our application process, we find it incredibly valuable to meet with executive teams. This is where we get to talk through what the engagement would look like for you and how we would work together to support our collective missions.
July- September
Acceptances & Onboarding
October
Kickoff Week
We’ll spend the week introducing you to the Elemental team, your cohort, and our partners through workshops and facilitated discussions. During this period, we will work on further defining the Scope of Work for your project or achieving your Strategy Track objectives.
March 24 (early-bird deadline)
April 16 at 5:00 pm PT (final deadline)
Round 1: Qualifying App
This is the first step of our application process, we estimate that it will take approximately 30 minutes to complete. We will ask for:
- Company information including technology stage, funding stage & amount, team information and more.
- Materials including standard pitch deck and technical summary with a visual of your technology
May – June
Round 2: Documentation and Elemental Proposal
At this stage in the application process we want to dig into technical and financial details and learn more about how we can support your company’s success. We will ask for:
- Customer list, questions about your certifications and IP, capitalization table, balance sheets, income statement, cashflows, and financial projects.
- For Project Track we will ask you to submit details about your proposed project, including project description and ideal outcome, project partners and the status of their commitment to your project, budget, and timeline.
- For Global Track: In addition to the above, we will ask you to submit a non-binding Letter of Interest (LOI) to demonstrate interest by a cost-share partner.
June – July
Round 3: Interviews and Reference Checks
In the final step of our application process, we find it incredibly valuable to meet with executive teams. This is where we get to talk through what the engagement would look like for you and how we would work together to support our collective missions.
July- September
Acceptances & Onboarding
October
Kickoff Week
We’ll spend the week introducing you to the Elemental team, your cohort, and our partners through workshops and facilitated discussions. During this period, we will work on further defining the Scope of Work for your project or achieving your Strategy Track objectives.
March 24 (early-bird deadline)
April 16 at 5:00 pm PT (final deadline)
Round 1: Qualifying App
This is the first step of our application process, we estimate that it will take approximately 30 minutes to complete. We will ask for:
- Company information including technology stage, funding stage & amount, team information and more.
- Materials including standard pitch deck and technical summary with a visual of your technology
May – June
Round 2: Documentation and Elemental Proposal
At this stage in the application process we want to dig into technical and financial details and learn more about how we can support your company’s success. We will ask for:
- Customer list, questions about your certifications and IP, capitalization table, balance sheets, income statement, cashflows, and financial projects.
- For Project Track we will ask you to submit details about your proposed project, including project description and ideal outcome, project partners and the status of their commitment to your project, budget, and timeline.
- For Global Track: In addition to the above, we will ask you to submit a non-binding Letter of Interest (LOI) to demonstrate interest by a cost-share partner.
June – July
Round 3: Interviews and Reference Checks
In the final step of our application process, we find it incredibly valuable to meet with executive teams. This is where we get to talk through what the engagement would look like for you and how we would work together to support our collective missions.
July- September
Acceptances & Onboarding
October
Kickoff Week
We’ll spend the week introducing you to the Elemental team, your cohort, and our partners through workshops and facilitated discussions. During this period, we will work on further defining the Scope of Work for your project or achieving your Strategy Track objectives.
Cohort 10 Timeline
(9-month program)
(Projects must be deployed in 16-months)
2021
Kickoff Week
2022
CxO Summit
2022
Interactive
We'll spend the week introducing you to the Elemental team, your cohort, and our partners through workshops and facilitated discussions. During this period, we will work on further defining the Scope of Work for your project or achieving your Strategy Track objectives.
This element fosters relationships with CxOs across sectors, stages, and Elemental cohorts. Our goal is to foster an environment in which 100+ leadership teams can share knowledge, collaborate, and accelerate individual growth and collective impact. Alumni companies are encouraged to attend digital and in-person events to create cross-cohort relationships and opportunities for collaboration.
Interactive is our annual investor-focused event where we'll introduce you to investors, corporates, and strategic partners. All Cohort company CEOs will be given an opportunity to speak to an audience of 250+ investors and corporates.
Interested in applying to Elemental Excelerator?
Stay In TouchAdvice from Elemental Portfolio Companies

“When we think about the work we did with Elemental, it’s really evidencing something that is furthering a fundamental transformation in water. In Western Australia, we’ve partnered with an aboriginal group to install a large array, a thousand-panel array of SOURCE panels that will produce bulk quantities of water that is still the same quality as luxury bottled water in places where we’re able to now produce water that otherwise would have to be shipped in at great cost and lots of CO2 footprint in single-use plastics.”
Cody Friesen, CEO of SOURCE Global

“Two days ago, we were sitting in a small group with some of the members of the cohort and we were talking about some business challenges. And immediately, one of the Elemental staff said, “Let’s have a meeting right now to try to figure out your problem.” And one of the other CEOs said, “What can I do to help?” And it was just this moment of crystallization of why this program is so special.”
Steph Speirs, cofounder and CEO Solstice

“Ah, the people are amazing. It almost intimidates you to silence how talented and passionate and committed and how brilliant the solutions are.”
Donnel Baird, CEO of BlocPower

“With Elemental, what I really like is the focus on equity and access and the really well-developed curriculum that will help guide us and help us focus on what’s important when we’re exploring and working with relevant partners.”
Miranda Wang, CEO of Novoloop