On December 10, 2015, Wells Fargo & Co. announced that it selected six additional clean technology startup companies to join the Wells Fargo Innovation Incubator (IN2), a five-year, $10 million program which is helping accelerate innovative environmental technologies. The early stage companies will each receive up to $250,000 in cash and in-kind technical consultation to foster solutions focused on reducing energy and creating innovative clean technologies for commercial buildings. Launched in 2014, IN2 is funded by the Wells Fargo Foundation and co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory.
The six early stage companies—two in California and one each in Illinois, Indiana, Massachusetts, and New York—are joining the Innovation Incubator to refine their potentially game-changing technologies for the commercial buildings marketplace. This is the second of three selection rounds. In April, Wells Fargo selected four clean technology startups as the first participants in IN2.
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