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Wells Fargo Innovation Incubator Announces 2023 Channel Partner Strategic Awards to Catalyze Innovation and Inclusion

Wells Fargo Innovation Incubator channel partners

 $1M Allocated to Climate Tech Incubators and Accelerators Leading the Shift Towards a Low-Carbon Economy and Inclusive Energy Transition

The Wells Fargo Innovation Incubator (IN²), a technology incubator funded by the Wells Fargo Foundation and co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), announced its seventh cycle of Channel Partner Strategic Awards. This year, IN² distributed $970,000 among seven winners to fund innovative and impactful projects that are intended to strengthen and diversify the cleantech and agtech ecosystems.

Winners received funding between $100,000 to $250,000. Applications were reviewed based on their potential for capacity building, with a particular focus on fostering diversity, equity, and inclusion, or supporting pilot and demonstration projects for startups. Selections were guided by a commitment to distribute funds equally across the U.S.

“The IN² Channel Partner Network fosters meaningful connections and provides critical support to a diverse group of industry stakeholders,” said Trish Cozart, IN² Program Manager at NREL. “Leveraging NREL’s ability to bring people and resources together, the Channel Partner Awards aim to drive impact throughout the cleantech and agtech ecosystems to advance a sustainable future for all.”

BRITE Energy Innovators (Warren, OH) and the Centrepolis Accelerator (Southfield, MI) will launch a joint program aimed at supporting underrepresented climate tech entrepreneurs in Ohio and Michigan by combining their core programs, increasing access, and helping underserved founders reach commercialization faster.

Read the full article here.

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