US-headquartered financial services firm Wells Fargo has named five new participants for its technology incubator, Wells Fargo Innovation Incubator (IN2).
IN2 focuses on companies developing technologies that contribute to sustainable agricultural production, housing affordability or reducing the energy impact of commercial buildings.
Selected startups will receive $250,000 in funding from Wells Fargo and engage in research and development activities at the US Department of Energy’s National Renewable Energy Laboratory and Donald Danforth Plant Science Center.
The batch includes US-based water hardness monitoring technology developer Atlas Sensor Technologies and GrowFlux, a US-headquartered provider of horticultural lighting controllers.
Motorleaf, A Canada-based developer of AI software for measuring the carbon footprint of indoor farming operations, also features in the list, as does US-headquartered hemp seed producer New West Genetics and SunPath, a US-based provider of fibre optic indoor lighting.
The companies represent the ninth cohort of IN2 participants since the programme launched in 2014. IN2 now has 56 startups in its portfolio.
Image courtesy of Wells Fargo & Company.