Hawaii Resources

INNOVATE Hawaii SBIR Matching Grant Program

INNOVATE Hawaii
Manoa Innovation Center
2800 Woodlawn Dr.
Suite 100
Honolulu, HI 96822
(808) 539-3603
info@innovatehawaii.org

Purpose of Initiative

The matching grants assist companies with enhancing their Phase I project development, compete for the more lucrative Phase II awards to typically conduct prototype development, and ultimately reach successful commercialization.

Eligibility

Small R&D companies in Hawaii that are developing new and innovative technologies.

Application Process

Information on the application process was not readily available. Contact the organization for further information.

Award Details

INNOVATE Hawaii provides Hawaii’s Phase I SBIR and Small Business Technology Transfer (STTR) qualified awardees a matching grant of up to 50% of the Phase I award.

Hawaii Angels

Chenoa Farnsworth
Managing Director
Hawaii Angels
335 Merchant Street, #516
Honolulu, HI 96813
info@HawaiiAngels.org

Purpose of Initiative

Hawaii Angels was founded as UH Angels by Robert Robinson Ph.D., in February 2002. The group has attracted high net worth individuals from a variety of professions including chief executives, attorneys, physicians, and scientists, who share an enthusiasm for entrepreneurship. In June 2008, the club was incorporated as a non-profit and changed its name to Hawaii Angels.

Individual members have invested more than $30 million in various companies and have played a significant role in Hawaii’s start-up community.  Members often mentor entrepreneurs and provide new companies with valuable business advice and important contacts.

Eligibility

The focus of Hawaii Angels is start-up companies with strong teams, proprietary technology, and large potential markets. Hawaii Angels reviews both Hawaii and mainland opportunities.

Application Process

Business plans submitted to Hawaii Angels will be reviewed by the Hawaii Angels Screening Committee. Two plans are chosen each month to present to the full group at the monthly Hawaii Angels meeting.

Applications are submitted directly to Hawaii Angels’ GUST system – apply here. Please attach an executive summary and full business plan to your application.

Award Details

The Hawaii Angels process is proven and well-suited to Hawaii’s start-up scene. Since it’s founding in February 2002, the member angels have invested more than $30 million in over 60 companies.

Elemental Excelerator

Dawn Lippert
CEO
Elemental Excelerator
hello@elementalexcelerator.com

Purpose of Initiative

Each year, we find 12-15 companies that best fit our mission and fund each company up to $1 million to improve systems that impact people’s lives: energy, transportation, water, agriculture, and beyond. To date, we have awarded over $22 million to more than 60 companies. What makes us unique? We co-fund, co-design, and co-develop projects and strategies that improve infrastructure and sustainably enhance communities.

Eligibility

Elemental Excelerator offers a triple track program, with different eligibility requirements for each of the three designated tracks. Two of the three tracks provide relevant grants:

The Go-to-market Track, which awards grants up to $75,000, requires 2 full-time employees, a minimum of an operating prototype, and that the technology be interesting and solving a new problem, or solving an old problem in a new way.

The Demonstration Track, which awards grants up to $1 million, requires the business be growing with a scalable business model, have multiple customer deployments or pilots, an appetite for expansion, and a is a demonstration project concept that is high-impact and in line with the core business strategy. 

Application Process

Information on the application process can be accessed here.

Award Details

We provide funding that fits different stages of a company’s journey. Our program is funded by a diverse coalition of utility partners, corporate partners, the U.S. Navy, the U.S. Department of Energy, state government, and philanthropic organizations.

$75K is supplied to seed-stage startups to develop and execute their go-to-market strategies. Up to $1M is available via cost share for growth-stage startups to implement their demonstration projects in Hawaii and the Asia Pacific.

Updated March 2018, Kristin Stiner