Fellows mentioned in this story: Dawn Lippert

From Pacific Inno:

Climate tech investor, Elemental Excelerator, recently announced plans to invest up to $43 million into climate tech startups focused on social impact, and is also currently accepting applications for Cohort 12.

Elemental is introducing $30 million in catalytic project funding for three to six projects that have an expansive community impact, according to the announcement. It is also increasing funding for Cohort 12 — which is currently accepting applications — by $5 million, for a total of $13 million.

The funding increase is in response to market conditions and to fill funding gaps "on the heels of a chilly [venture capital] winter and the collapse of Silicon Valley Bank," according to a recent announcement from the nonprofit.

Applications for Cohort 12 opened March 13. Interested companies are required to be a startup addressing climate change and related issues; be a for-profit and stand-alone venture; and have at least two full-time employees, among other requirements. The priority application deadline is April 14 and applications will be accepted via Elemental's website through May 31, according to the nonprofit.

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