venturecapital

Hawaii ‘Energy Excelerator’ gets $30M from Navy

The Navy’s Office of Naval Research, under the Asia Pacific Technology Education Program, announced today that it will invest $30 million dollars in the Hawaii-based Energy Excelerator. The new Navy commitment triples the funding that the program operated with over the past three years, showing that they recognize the value of Hawaii as an ideal place for new energy innovation. The Energy Excelerator funds seed-stage and growth-stage startups with compelling energy solutions and immediate application in Hawaii. [...]

Entrepreneur, Deal of the Year awards announced

The Hawaii Venture Capital Association awarded its 2012 HVCA Deal of the Year to Darren Kimura, CEO of Sopogy, maker of concentrated thermal solar collectors. In addition five local entrepreneurs were acknowledged in various categories with the HVCA Entrepreneur of the Year award. The Young Entrepreneur award went to Scott Mercer of Volta Industries, makers of advertising driven free electric vehicle charging stations. Dan Leuck, co-founder of CONTIX and CEO and founder of Ikayzo won the Software Entrepreneur award. Ken Berkun, founder of Labels That Talk won the Inventor Entrepreneur award for his patented invention, Soundpaper. Winner of the Socially Responsible Entrepreneur of the Year award is Elyse Petersen, founder of Tealet, a social enterprise that connects tea drinkers with small tea growers around the world. David Watumull, co-founder of CARDAX Pharmaceuticals and former CEO of Hawaii Biotech was acknowledged for his many years of devoted entrepreneurship in biotech as the 2012 Legacy Entrepreneur. “These entrepreneurs are local heroes and role models. They have worked long hard days, made personal sacrifices and taken extreme risks that prove there are people in Hawaii that have what it takes to build great companies,” said Bill Spencer, President of the Hawaii Venture Capital Association. [...]