About Elemental excelerator
Elemental Excelerator: Redesigning Systems to Combat Climate Change
Climate change is one of the most pressing issues of our time, and it requires urgent action from all sectors of society. Elemental Excelerator is a non-profit organization that is leading the charge in redesigning the systems at the root of climate change. Founded in 2009, Elemental Excelerator has been working tirelessly to fund and deploy innovative climate technologies that can help us transition to a more sustainable future.
At its core, Elemental Excelerator believes that we need systemic solutions to address climate change. This means tackling not just individual emissions sources, but also the underlying systems that enable those emissions. For example, instead of just focusing on reducing carbon emissions from transportation, Elemental Excelerator seeks to transform entire transportation systems by promoting electric vehicles and other low-carbon alternatives.
To achieve this ambitious goal, Elemental Excelerator has developed a unique funding model for climate tech deployment. Unlike traditional venture capital firms or government grants programs, which often focus on short-term returns or narrow research objectives respectively; Elemental excelerator provides long-term support for startups with promising technologies that can make an impact on climate change.
The organization's approach involves providing startups with funding as well as access to networks and resources they need to scale their solutions effectively. This includes mentorship from experienced entrepreneurs and industry experts who can help them navigate complex regulatory environments and connect with potential customers.
Over the years, Elemental Excelerator has funded over 100 companies across various sectors such as energy efficiency, renewable energy generation & storage; agriculture & food systems; water management & conservation; mobility & transportation; circular economy & waste reduction among others.
One notable success story is Opus 12 - a startup developing technology for converting CO2 into valuable chemicals using renewable electricity - which received funding from elemental excelerator in its early stages before going on to raise millions more dollars in subsequent rounds of investment.
Another example is Carbon Lighthouse - an energy services company focused on commercial buildings - which received support from elemental excelerator during its early days before growing into one of America's fastest-growing private companies according to Inc Magazine's annual list (2018).
Elemental Excelsior also runs an annual program called "Demonstration Track" where they select around 15-20 startups each year through a competitive application process who receive up-to $1 million each along with other benefits like mentorship opportunities etc., The program aims at helping these selected startups scale their solutions by providing them access not only funds but also resources like partnerships with utilities or corporates etc.,
In addition to supporting individual startups' growth trajectories through funding and mentorship opportunities; elemental excelerator also works closely with policymakers at local state federal levels advocating for policies that promote clean energy adoption while creating jobs locally too!
Overall elemental excelerator's work represents an important step forward towards addressing one of humanity's greatest challenges: mitigating climate change while ensuring economic prosperity for all communities worldwide!