Companies seek to improve soil health, optimise pest control and scale food production, and will test technologies at Danforth Plant Science Center.
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), has selected six new participating startups focused on agriculture technology solutions to join the program.
The selected startups will conduct research and development activities at the Donald Danforth Plant Science Center in St. Louis. The program provides each company up to $ 250,000 in technical assistance with the opportunity for follow-on funding, and access to state-of-the-art expertise and resources from the Danforth Center, Wells Fargo, NREL and other IN2 partners.
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We're excited to partner with @IN2ecosystem, @WellsFargo and @NRELentreprenr on their newest cohort of early-stage #agtech companies. Learn more about the companies and the Danforth Center scientists that they will be collaborating with: https://t.co/jKBSdY9aVa
— Danforth Center (@DanforthCenter) May 21, 2020
“The companies selected for Cohort 7 provide a window into the next chapter of agriculture. Their technologies are focused on optimising efficiencies and scaling sustainable agricultural practices in order to feed a growing global population,” said Trish Cozart, IN2 program manager at NREL.
“Our partners at Danforth are at the intersection of science, innovation and commercialisation, and we’re pleased to connect their deep domain expertise and robust research capabilities with sustainable startup innovations.”
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With the addition of these six companies, IN2’s total portfolio now includes 46 startups. Since joining the IN2 program, portfolio companies have raised $ 313 million in external follow-on funding.