Elemental fills two gaps that are fundamental to tackling climate change: funding first-of-a-kind projects for climate technologies in real communities, and embedding equity and access into climate solutions.

Ulupono Initiative relies on key values to guide our work. We focus on the needs and wants of the people of Hawaii. This is our home. We aspire to high standards; strive to work with humility; and work to learn and improve continuously. We push for innovative and transformative solutions that will have the most impact on the lives of the individuals and the community we serve. We believe that sustainability is essential to our future prosperity, and will help shape our vision of a 21st century economy where economic progress and environmental stewardship work hand in hand.

Blue Startups is a Top 20 Accelerator in the US (Techcrunch) focused on helping scalable-technology companies compete on a global scale. With an extensive global mentor network, Blue Startups is a nexus of entrepreneurial activity in Hawai‘i, and between Asia and North America Blue Startups was founded by Maya and Henk Rogers of the Tetris Company and Chenoa Farnsworth of Hawaii Angels in 2012 and has been a member of the Global Accelerator Network since 2013. www.bluestartups.com We are focused on recruiting capital efficient and scalable technology companies, including web, software, and mobile. In addition, the program is targets companies in the travel, gaming and impact sectors. We focus recruitment on Asia and the U.S. and are particularly interested in companies addressing both markets. Blue Startups is a member of the Global Accelerator Network, an invite-only community of the world’s most respected organizations that provide startups with the best resources to create and grow their businesses, wherever they are. Startups accepted into a GAN accelerator have access to a variety of exclusive perks including over $1M worth of free services, introductions to a network of investors and access to soft landing spaces worldwide.

The National Science Foundation (NSF), established in 1950 and located in Alexandria, Virginia, is an independent federal agency dedicated to advancing fundamental research and education across all scientific and engineering disciplines. With an annual budget of approximately $7.8 billion, the NSF operates America's Seed Fund, which allocates nearly $200 million each year to support startups and small businesses through the Small Business Innovation Research (SBIR) program. This initiative provides non-dilutive funding of up to $1.5 million to assist in research and development efforts, thereby facilitating the transformation of scientific discoveries into commercially viable products and services. By helping to de-risk technology, the NSF plays a crucial role in fostering innovation and addressing societal challenges through scientific advancements.

Advantage Capital is a venture capital firm founded in 1992 and based in New Orleans, Louisiana, with additional offices across the United States. The firm specializes in growth equity, lending, and mezzanine debt capital investments, primarily targeting small businesses at various stages of development, from early to later stages, excluding seed investments. Advantage Capital focuses on investing in low-income communities, both urban and rural, and supports state and local economic development initiatives. It seeks opportunities in sectors such as communication, information technology, telecommunications, business services, manufacturing, pharmaceuticals, biotechnology, life sciences, and energy, while also considering investments in rural agricultural businesses. The firm typically makes initial investments ranging from $0.5 million to $10 million in companies with sales of less than $5 million, with potential for larger investments based on milestones. Advantage Capital also provides various forms of debt capital and prefers co-investing with other firms. The firm is committed to addressing the financing needs of underserved areas and fostering economic growth in communities lacking traditional sources of risk capital.

US Department of Energy is a government agency that regulates energy policy, research, and development. The Energy Department's mission is to ensure America’s security and prosperity by addressing its energy, environmental, and nuclear challenges through transformative science and technology solutions.

Hawaiian Electric Company, Inc. is a leading electric utility provider in Hawaii, generating and delivering electricity to residents and businesses across the islands of Oahu, Maui, Hawaii, Lanai, and Molokai. Founded in 1891 and headquartered in Honolulu, the company operates as a subsidiary of Hawaiian Electric Industries, Inc. Its primary activities include producing, purchasing, distributing, and selling electricity, serving a diverse customer base that encompasses suburban communities, resorts, U.S. Armed Forces installations, and agricultural operations. The company is committed to enhancing the economic well-being of the state and promoting environmental sustainability, integrating these goals into its core business strategies to ensure a prosperous and clean future for Hawaii and its communities.

Founded in 2007, Enerdigm is a $150 million professional investment organization. We invest in opportunities where we have domain expertise, operating experience and deep networks to contribute to the success of our investments. Our focus areas include Infrastructure Software, Big Data and Internet of Things.

The Office of Hawaiian Affairs is a self-governing corporate body of the State of Hawaii.

Kamehameha Schools is a private, educational, charitable trust.

Startup Capital Ventures is an early-stage venture capital firm investing in the enterprise. Based in Silicon Valley, we focus on early-stage companies that require relatively small amounts of capital to achieve success. The firm leverages its investments with unparalleled operations experience from a team of seasoned professionals. Generally, we target capital efficient companies, such as software, that are generating some revenue and can show likelihood of reaching near-term profitability. We focus on investing in strong management teams, not just technologies and strive to build a supportive working relationship with their companies based on flexibility, integrity, and patience. We know firsthand the hard work and challenges of building successful companies. Our extensive network of strategic contacts and their presence makes a difference in how rapidly our companies achieve critical milestones. Our geographic focus is principally Silicon Valley as well as Hawaii, Texas, and Oklahoma, where the firm has extensive relationships.

Reef Capital Ventures launched from the beautiful island of Maui with the belief that Hawaii—with its welcoming culture, rich biodiversity, ocean views, and tranquil skies—is an ideal place to hatch and nurture new ideas. As a seed-stage, sector-agnostic fund, we provide meaningful support through capital, people and experience, to help companies reach success, one milestone at a time.

Hawaii Life Real Estate Brokers is a real estate firm providing rentals, sales, and property management services. We are a commitment to Smart Marketing and Solid Representation. Smart Marketing means we promote your property in ways that are responsive to changing markets and homebuyer trends for maximum results. Solid Representation ensures that Hawaii Life agents and principals look after your interests without compromise.

King's Hawaiian is a bakery products manufacturer that originated in Hilo, Hawaii, in 1950. The company is known for its commitment to quality and the Aloha Spirit. Its product line features a variety of breads, including Original Hawaiian Sweet Dinner Rolls, Honey Wheat Dinner Rolls, and Savory Butter Dinner Rolls, which are suitable for family meals and celebrations. Additionally, King's Hawaiian offers a range of other baked goods, such as sliders, hamburger buns, hot dog buns, mini sub rolls, and sliced bread, catering to diverse culinary needs and preferences.

Mahi Pono is a farming company that aims to transform former sugarcane land into a hub of diversified agriculture. The company is driven by its mission is to sustain the well being of Hawai'i 'ohana through responsible farming. Mahi Pono was founded in 2018 and headquartered in Maui, Hawaii.

Founded in 1967 by businessman, developer and philanthropist Clarence T.C. Ching, the organization exists to fulfill Mr. Ching’s vision of helping people in need. Today, as a charitable, private 501(c)(3) organization, the Foundation annually donates monies to public and private educational institutions and health and social service organizations.

Cyanotech Corporation, a world leader in microalgae technology, produces BioAstin® Natural Astaxanthin and Hawaiian Spirulina Pacifica® all natural, functional nutrients that leverage our experience and reputation for quality, building nutritional brands which promote health and well-being. Cyanotech's spirulina, FDA reviewed and accepted as Generally Recognized as Safe (GRAS) for use as a food ingredient, augments energy and immune response. BioAstin's benefits derive from its superior antioxidant activity and from its ability to fight free radical damage and combat ongoing oxidative stress, enhancing skin, muscle and joint health.

Sultan Ventures is a venture capital firm specializing in early-stage financing, innovation programs, and startup ecosystem development.

The current experience of booking, managing, and delivering travel just doesn’t fly. That’s why organizations and their people switch to Switchfly, a rewards and recognition platform focused on travel. Switchfly connects all the disparate partners – from flights and hotels to car rentals, traveler support, and customer loyalty and employee rewards programs – into one seamless experience.

Equity Commonwealth is a real estate investment trust (REIT). CWH’s primary business is the ownership and operation of real estate, including office and industrial buildings and leased industrial land. As of December 31, 2011, the Company owned 516 properties. Its portfolio includes 317 office properties with 40.0 million square feet and 199 industrial and other properties with 32.3 million square feet. Its 199 industrial and other properties include 17.9 million square feet of leased industrial and commercial lands in Oahu, Hawaii. It also has 11 of its total properties with 1.8 million square feet are located in Australia. In addition, it owned 9,950,000, or 21.1%, as of December 31, 2011. In January 2012, it acquired an office property located in Chicago, IL with 1,006,574 square feet. In March 2013, it sold its remaining interest in Government Properties Income Trust.

Evergreen Pacific Partners currently manages two private equity funds totaling $700 million, with a focus on investing in traditional, middle-market companies in Western North America. Evergreen Pacific Partner investments include traditional buyouts, management led buyouts, and growth capital opportunities. With a diverse and trusted team, Evergreen Pacific Partners brings significant operating and industry experience to investments; and utilizes a disciplined approach to origination, transaction execution and portfolio management. Geography Evergreen Pacific Partners invests in private companies located in the thirteen Western U.S. States and the two Western Canadian Provinces. Size EPP focuses on traditional buyouts, management led buyouts and growth equity investments in companies with greater than $50 million in revenue, requiring a minimum equity investment of $15 million. Industry Consistent with our experiences, EPP's industry investment focus is manufacturing/distribution, specialty packaging, consumer products and cable television/radio.

Kaiser Permanente is a nonprofit healthcare organization that provides a comprehensive range of services, including preventive care, emergency care, hospital and medical services, as well as pharmacy services. Founded in 1945 and headquartered in Oakland, California, Kaiser Permanente has a strong presence in several states, including California, Colorado, Georgia, Hawaii, Ohio, Oregon, Washington, and the District of Columbia. The organization operates through a model that emphasizes integrated care, focusing on the overall health and well-being of its members. Additionally, Kaiser Permanente Ventures, established in 1997, serves as the venture capital arm of the organization, investing in innovative healthcare companies. The firm primarily targets investments in healthcare services, medical devices, diagnostics, health information technology, and biotechnology, focusing on companies based in the United States with substantial market potential. Through these initiatives, Kaiser Permanente aims to influence the future of healthcare delivery while supporting advancements within the industry.

Planned Parenthood Federation of America is a nonprofit organization based in New York City that has been providing essential reproductive healthcare, sex education, and information since its founding in 1916. It operates nearly 800 affiliate health centers across the United States, ensuring access to vital services for women, men, and young people. The organization offers a range of services, including STI testing and treatment, contraception options, cancer screening and prevention, pregnancy-related services, and abortion care. In addition to healthcare services, Planned Parenthood is committed to education and advocacy, promoting understanding of reproductive health issues and their societal implications. Through its efforts, Planned Parenthood aims to empower individuals with the knowledge and resources necessary for informed health choices.

Fundamental Capital is a private equity firm that invests in small to mid-sized growth companies. Through their team of experienced Investment Professionals, Operating Partners, and Founding Investors, they provide not only capital but also the hands-on strategic and operational direction that enables management teams to achieve their fullest potential. With deep operating experience and a focus on businesses that touch the consumer, Fundamental Capital invests patient, long-term capital to back existing Management and to provide the leadership, strategic and operational resources for owners looking to transition from their businesses.

HCAP Partners is a provider of growth capital to lower-middle market companies throughout California and the Western United States. The firm, formerly named Huntington Capital, was founded in 2000 and is based in San Diego, CA. Established with a vision to stimulate the economic well-being of communities while seeking to generate above-market rate returns, HCAP Partners has been recognized as a leader in the emerging area of debt and equity “impact” funds.

Moss brings an honest, positive, and intelligent approach to their business that’s not readily found in the construction industry. That approach has not only created recognizable, sustainable, innovative and award-winning buildings, it has helped their company grow to being one of the most transparent, respected, and sought-after companies in the U.S. The Moss team of experts spans the country with offices in Hawai’i, California, Texas, and Florida. In addition to their Fort Lauderdale headquarters, they also have Florida offices in Orlando, Miami, Tampa, and West Palm Beach. Their passion for customer satisfaction runs deep. They are constantly focused on finding ways to exceed expectations at every turn. Their dedication to intelligent solutions is the core of their philosophy. They believe every project is first and foremost about genuine, rewarding relationships with clients, subcontractors, suppliers, and the surrounding community. They ’ve combined their deep expertise with a renowned level of integrity and transparency—serving as the foundation for all they do.

The Bernard Osher Foundation, headquartered in San Francisco, was started in 1977 by Bernard Osher, a respected businessman and community leader. The Foundation seeks to improve quality of life through support for higher education and the arts. The Foundation provides post-secondary scholarship funding to colleges and universities across the nation, with special attention to reentry students. It also supports a national lifelong learning network for seasoned adults. The Osher Lifelong Learning Institutes, operating on the campuses of 124 institutions of higher education from Maine to Hawaii and Alaska, have a National Resource Center at Northwestern University. In addition, the Foundation benefits programs in integrative medicine in the United States and Sweden, including centers at the University of California, San Francisco; Harvard Medical School and Brigham and Women's Hospital in Boston; the Karolinska Institute in Stockholm; Northwestern University; Vanderbilt University; the University of Miami; and the University of Washington. Finally, an array of performing arts organizations, museums, and educational programs in Northern California and in Mr. Osher's native state of Maine receive Foundation grants. The Foundation has a nine-member Board of Directors, chaired by the Honorable Barbro Osher, Honorary Consul General of Sweden in California.

Bank of Hawaii Corporation is a bank holding company. The Company’s operating subsidiary is Bank of Hawaii (the Bank). The Bank provides a range of financial services and products primarily to customers in Hawaii, Guam and other Pacific Islands. The Bank's subsidiaries include Bank of Hawaii Leasing, Inc., Bankoh Investment Services, Inc. and Pacific Century Life Insurance Corporation. The Bank's subsidiaries are engaged in equipment leasing, securities brokerage, investment services and providing credit insurance. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other. Its other subsidiary is the BOHC Investment Fund, LLC (the Fund). The Fund was organized to invest in and hold securities of Qualified High Technology Businesses. As of December 31, 2012, its available-for-sale investment securities portfolio consisted of securities with an average base duration of less than three years.

Sunstone Hotel Investors is a real estate investment trust focused on acquiring, owning, and managing upscale hotels. The Sunstone team is focused on achieving stockholder returns by improving our portfolio quality and scale while gradually deleveraging our balance sheet. The mission of Sunstone Hotel Investors is to excel as stewards of capital within the lodging industry, delivering superior returns to shareholders through strategic investments in hotels. This involves adding value through capital investment, hotel repositioning, and effective asset management. Additionally, the company aims to leverage the embedded value in its portfolio and the strength of its balance sheet to actively pursue new growth and value creation opportunities, thereby achieving strong shareholder returns and enhancing per-share NAV growth.

Central Pacific Bank is a financial service company that provides banking products and services. Their hard work and dedication paid off on February 15, 1954, when Central Pacific Bank opened in downtown Honolulu. The company founders worked hard to assist local families and small businesses that the banking establishment had overlooked. Since then, we've stood for diversity, opportunity, and doing the right thing.

Virgin America is a California-based airline that is on a mission to make flying good again, with brand new planes, attractive fares, top-notch service, and a host of fun, innovative amenities that are reinventing domestic air travel. With fleetwide in-flight internet, mood-lit cabins, custom-designed leather seats, power outlets, and a video touch-screen at every seatback offering guests on-demand menus and countless entertainment options, the Virgin America experience is unlike anything else in the skies. Since launching in August 2007, Virgin America has captured a host of travel industry best-in-class awards, including: “Best Domestic Airline” in Condé Nast Traveler’s Reader’s Choice Awards for five consecutive years, "Best Business/First Class" in Condé Nast Traveler’s Business Travel Poll for five consecutive years, “Best Domestic Airline” in Travel + Leisure’s World’s Best Awards for six consecutive years, and #1 in Class in Zagat’s Global Airlines Survey in 2008, 2009 and 2010. Virgin America flies from San Francisco (SFO), Los Angeles (LAX), Boston (BOS), Cancun (CUN), Chicago (ORD), Dallas-Fort Worth (DFW), Fort Lauderdale (FLL), Las Vegas (LAS), Los Cabos (SJD), New York (JFK), Orlando (MCO), Palm Springs (PSP), Puerto Vallarta (PVR), San Diego (SAN), Seattle (SEA), Washington D.C. (IAD and DCA), Philadelphia (PHL), Portland (PDX), New Jersey (EWR), San Jose (SJC), Anchorage (ANC), and Austin (AUS).

RLG Capital invests in private companies to the point of control and helps further their capital.

REC Solar is an agricultural and cold storage solar expert. They have earned the respect of large and small farmers and food processors through our deep understanding of agriculture land permitting, tax credits and energy rate structures for your specific business.

KCB Private Equity is a Pasadena, California-based investment firm founded in 1986, specializing in long-term investments in small to medium-sized businesses across the United States and Canada. The firm distinguishes itself from traditional private equity firms by committing significant personal capital and focusing on long-term growth rather than short-term exits. KCB Private Equity invests in a diverse range of sectors, including retail, consumer products and services, business services, technology, healthcare services, education, light manufacturing, and distribution. By providing sellers with immediate liquidity while ensuring business continuity, KCB fosters strong relationships with management, allowing for the nurturing of its growing portfolio companies.

California Water Service Group (NYSE:CWT) is the third-largest publicly traded water utility in the United States, providing high-quality water and wastewater services to more than two million people. It is based in California, USA.

First Hawaiian Bank is a finance bank that offers personal, business, and wealth management services. They provide insurance, inventment, and advisory services. Their finance services include business loans, business lines of credit, loans, leasing, commercial real estate loans, and an auto dealer. Their solutions include credit card processing, treasury management, international services, payroll, employee benefits, and retirement plans.

Servco Pacific Capital, LLC (“SPC”) is the direct investment arm of Servco Pacific Inc. (“Servco”), one of the oldest multi-generational, privately held businesses in the Hawaiian Islands. SPC's investments range from venture to growth capital as well as private equity. Established in 1919, Servco is the largest privately held business in the state of Hawaii and has operations in the United States, Asia and Australia. Its operating businesses include automotive distribution, retail dealerships and appliance distribution. Servco also jointly controls Fender Musical Instruments, the world’s largest electric guitar and amplifier company, in partnership with TPG Growth. In addition to its focus on direct investments, SPC also leads corporate development and strategy efforts for Servco’s operating groups. SPC is based in San Francisco, California.

Kirby Corporation is the premier tank barge operator in the United States, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, along all three U.S. Coasts, and in Alaska and Hawaii. Kirby's service includes the transporting of petrochemicals, black oil, refined petroleum products and agricultural chemical products by tank barge. Kirby also owns and operates eight ocean-going barge and tug units transporting dry-bulk commodities in United States coastwise trade.

Hilton Grand Vacations Company, LLC, a hospitality company, develops, owns, markets, operates, or franchises hotels, resorts, and vacation ownership properties. The company also manages and operates club membership programs that provide vacation exchange, leisure travel, and reservation services for club members; and offers on-site management services to club resorts, including the operation of owner rental programs, resort recreational programs, and retail outlets. In addition, it operates resale programs for its managed resort properties; and provides customized services to vacation ownership resort developers and owners, such as turn-key development and construction management; marketing and sales; and operations management services. Hilton Grand Vacations Company, LLC was founded in 1992 and is based in Orlando, Florida with regional offices in Marco Island and Sanibel Island, Florida; and sales and marketing offices in Hawaii, Las Vegas, New York, Orlando, Guam and Tokyo. The company operates as a subsidiary of Hilton Worldwide.

Aqua-Spark is an investment fund with a focus on sustainable aquaculture businesses around the world. The small-to-medium enterprises (SMEs) they invest in are working toward the production of safe, accessible aquatic life, such as fish, shellfish and plants, in ways that do not harm their oceans. Their investors value the fact that each investment aims to create triple impact—specifically, each investment is chosen for its potential to generate significant financial returns while also activating positive environmental and social outcomes. Aqua-Spark believes that committing to a long-term vision is the way to realize effective and lasting impact results. When it comes to investments, they do not seek quick exits; instead, they look for entrepreneurs who strive to build and scale toward the future, who see their business as major economic opportunities that can also help solve looming environmental and food security challenges over the long-term. As an essential of each investee, Aqua-Spark seeks sustainability.

Winklevoss Capital Management LLC is a venture capital firm founded in February 2012, with offices in New York and Wilmington, Delaware. The firm specializes in early-stage investments in disruptive startups, focusing primarily on technology sectors such as cloud computing and financial technology. Winklevoss Capital collaborates closely with a select number of companies, providing not only capital but also a comprehensive approach to foster growth. Its investment strategy extends to various sectors, including software, retail, and commercial services, positioning the firm as a key player in supporting innovative enterprises.

Government for Montgomery County, Maryland

The Stephens Group has partnered with entrepreneurs and management teams, building exceptional businesses with long-term.

Partners Group are a unique, global alternative asset manager with strong Swiss roots, proactively providing their international client base with innovative, customized solutions. With CHF 19.2 billion in private equity assets under management, a global team of over 130 private equity professionals in seven offices, and over 300 partnership investments led by over 200 general partners, Partners Group is one of the largest private equity asset managers worldwide.

BOKA Group Holdings I LP is a strategic holding company.

IronGate Capital Advisors invests in early-stage companies and venture funds focused on defense, national security, and dual-use applications of advanced technologies.

Lux Capital is a venture capital firm established in 2000, with offices in New York City and Silicon Valley. The firm specializes in founding, seed, early-stage, and growth investments, primarily in the physical and life sciences, as well as sectors such as biochemistry, material science, aerospace, and advanced technologies like machine learning and synthetic biology. Lux Capital actively supports entrepreneurs in developing successful businesses, leveraging its extensive expertise to enhance the connectivity and competitive edge of its portfolio companies. With assets under management totaling approximately $4 billion, the firm has played a significant role in founding over 20 companies, focusing on high-growth opportunities and innovative solutions across diverse industries.

Starburst Ventures is an innovation catalyst in the aerospace sector, recognized as the first global accelerator dedicated to aviation, space, and defense. Founded in 2012 and headquartered in California, it specializes in facilitating connections between established corporations and startups while offering strategic growth mentoring and consulting services. With a presence in major cities including Los Angeles, Paris, Montreal, Munich, San Francisco, and Singapore, Starburst has cultivated an extensive ecosystem that encompasses over 4,000 startups related to aerospace. The organization also hosts numerous international and national events, highlighting innovation in the industry, particularly at prominent air shows. Starburst Ventures focuses on series A and series B-stage investments, emphasizing the growth and development of aerospace companies worldwide.

Seraphim Space is a London-based venture capital firm founded in 2006, focused on investing in the space technology sector. It manages multiple funds, including the Seraphim Space Fund and the Seraphim Global Space Stars Fund, targeting a wide range of industries such as communications, agriculture, healthcare, and energy. The firm aims to provide financial support to early and growth-stage companies, typically investing between $0.25 million and $25 million. Through the Seraphim Space Accelerator, it also supports startups in the space ecosystem, leveraging a network of global corporate partners and governmental agencies to create significant value. With over 100 years of collective experience, Seraphim Space has a strong track record of fostering innovation and driving growth in the space sector.

S2G Investments is a multi-stage investment firm that targets venture and growth-stage businesses in food and agriculture, oceans, and energy sectors. The firm provides capital to businesses shaping the future of food systems and energy resources, aiming for significant sector transitions. S2G Investments assist entrepreneurs and leadership groups in seeking innovative, market-driven solutions aimed at providing increased value, better results, and superior performance compared to conventional options.