The Wells Fargo Innovation Incubator (IN2) announced it’s latest cohort. Those companies are:
- HabiTerre uses remote sensing to create a holistic picture of farm production systems. (St. Louis)
- Impetus Ag develops eco–friendly insect control products. (St. Louis)
- Impossible Sensing boosts soil management through in–situ sensors. (St. Louis)
- InnerPlant creates seed technology to communicate plants‘ needs. (Davis, CA)
- Mirai Solar has photovoltaic shade screen technology for net–zero energy targets. (Mountain View, CA)
- Running Tide designs hardware/software systems to remove carbon and increase scientific understanding of ocean ecosystems. (Portland, ME)
- Sentinel Fertigation leverages remote sensing for precision nitrogen management. (Lincoln, NE)
“We are beyond excited to be a part of the IN2 program and to work with the world-leading researchers at the Danforth Center,” HabiTerre CEO Nick Reinke told bizblip. “Through this engagement, we will be bringing together a diverse group of researchers and experts to advance the discussion of best practices for accurate and scalable measurement and modeling of environmental outcomes in AG, with the ultimate goal of building a robust environmental and carbon marketplace for food and AG.”
The companies get up to $250,000 in non-dilutive funding to conduct technical work at the Donald Danforth Plant Science Center in St. Louis. They’ll also get introductions to industry experts, investors, incubators, accelerators and university programs.IN2 targets companies with very early-stage technologies, and part of the award fuels collaborative research with scientists at the Danforth Center aimed at validating their technology. This incubation project is a partnership between the philanthropic Wells Fargo Foundation and the U.S. Department of Energy’s National Renewable Energy Laboratory. The eight year old program took on agriculture as a focus and pulled in the Danforth Center as a program partner.
It has also thrown some money at a couple St. Louis organizations that feed tiny startups to the IN2 program: BioSTL and the Yield Lab Institute, which offer mentorship and entrepreneur support.