$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.
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