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 it selected seven startups to participate in the program’s 12th cohort. The cohort consists of sustainable agriculture companies focused on mitigating and adapting to the impacts of climate change on global food systems.

“In the face of intensifying challenges in the agriculture industry and our environment, the world urgently needs innovative, sustainable solutions,” said Trish Cozart, IN² program manager and the director of the Innovation and Entrepreneurship Center at NREL. “With projections indicating a global population of 10 billion people by 2050, we must develop methods that not only increase productivity, but do so without causing harm to our planet. IN² is at the forefront of this mission, supporting promising startups that are reimagining the future of food and farming.”

Each company will receive up to $250,000 in non-dilutive funding for various technical assistance and field trial projects to further refine their technologies and business models. The companies will work alongside world-renowned principal investigators at the Donald Danforth Plant Science Center in St. Louis, Missouri, the world’s largest independent plant science research institute.

Read more on Business Wire.