Elemental Excelerator said it will receive an additional $30 million from the Office of Naval Research, raising the Navy’s total funding commitment to more than $60 million. The Navy first provided $30 million to the Hawaii-based innovation accelerator in 2013, through its Asia-Pacific Technology Education Program, which promotes commerce and partnerships in the Asia-Pacific region. Elemental, which awards up to $1 million per company, said the funds directly support its mission to fund startups…

 

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