Application Deadline: APRIL 8, 2022
We help to buy down the risk of deploying something new and transformational — such as a new product offering, business model, customer segment, or geography. The most sustainable and impactful projects for startups and the places they are deployed in include a strategy to co-design with and compensate community-based partners. Projects can be deployed in any geographic market and Elemental has a special commitment to Hawaii and California’s frontline communities.
The Project Track is designed for mature companies, looking to deploy a first-of-its-kind project. Successful companies are able to design and implement a multi-phase project with a commercial customer and have a dedicated project manager responsible for the success of the project.
- $600,000 of funding to deploy a transformational project in any global market
Work In Action
- Community-based organizations, leaders, and nonprofits are uniquely positioned to help design projects in a way that reflects the values and culture of their communities. Through deploying over 100 climate tech projects, they learned that this strengthens a project’s impact on startups, their customers, and the communities where projects are being deployed.
A new model for more equitable project deployment
- Elemental’s Square Partnerships model is built upon the conviction that innovation succeeds best when it engages the community early and often. Companies are encouraged to collaborate with three key stakeholders from design to implementation: customers, community-based organizations, and investors / funders. They have developed a toolkit to help startups implement this new model that includes case studies from Elemental portfolio companies that have used this model for their Project Track deployments.
Official Website: Elemental Excelerator’s Project Track