On May 18, 2020, the Wells Fargo Innovation Incubator (IN2) announced that it has accelerated its awards program to provide $900,000 to help cleantech and sustainable agriculture startups retain staff and stay on track to bring their potentially game-changing solutions to market in the face of impacts due to COVID-19.
According to a recent global survey, 74% of startups have seen revenues decline since the beginning of the COVID-19 crisis.
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, expedited the funding phase from September 2020 in order to provide immediate support for pre- and post-revenue cleantech startups in markets across the country through its Channel Partners—a network of technology incubators, accelerators, and university programs that refers promising startups to IN2.
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