BUSINESS WIRE — The Wells Fargo Innovation Incubator (IN²), a technology incubator and platform funded by the Wells Fargo Foundation and co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), announced today a partnership with Overlay Capital to accelerate cleantech adoption. The initiative will allow real estate developers, builders, and owner-operators to work with startups and corporate adopters to digitize and decarbonize the built environment.
As part of its 10th-anniversary program expansion, IN² is seeking partners from large corporations, mid-size real estate companies, nonprofits, government entities, and communities to participate in the inaugural cohort of this new program, beginning summer of 2024. IN²’s role will match the best technology to each corporate’s needs while providing up to $250,000 in grant funding for adopters to pilot and de-risk startup technologies via extensive implementation strategies.
IN² is now accepting applications from real estate developers, builders, and owner-operators interested in piloting new technologies. Adopters can leverage IN²’s funds to develop tailored technology deployment programs, access implementation best practices and financial pathways for decarbonization, and receive actionable steps to accelerate deployment. This program offers scalable, deployment-ready technologies to meet sustainability, net-zero, and ESG goals.
IN² also invites cleantech startups ready to apply for large-scale pilots with at least one year of post-revenue traction. Startups will receive customized guidance to develop storytelling and strategy for pitching pilot programs, an opportunity to pitch to large corporates in a final showcase, matchmaking with customers, and collaboration with adopters who receive training to maximize technology adoption.