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Wells Fargo Innovation Incubator and National Renewable Energy Laboratory Team Up with Overlay Capital to Accelerate Cleantech Adoption in the Built Environment

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The Wells Fargo Innovation Incubator (IN²), a Denver, CO-based 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), announced a partnership with Overlay Capital to accelerate cleantech adoption.

The initiative will allow real estate developers, builders, and owner-operators to work with startups and corporate adopters to digitize and decarbonize the built environment.

IN² is on a mission to decarbonize and digitize the built environment, partnering with Overlay Capital to match corporations with innovative startups and award adopters $250K to pilot transformational technologies.

The Wells Fargo Innovation Incubator (IN²) is a $50M clean technology program funded by the Wells Fargo Foundation and co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory. It advances clean technologies from ideation to commercialization—validating emerging startups in the built environment and infrastructure sectors while facilitating connections with end users who receive practical implementation guidance that supports their sustainability goals. IN² aims to foster innovation and accelerate the pace of market adoption of clean technologies to address urgent climate challenges.

As part of its 10th-anniversary program expansion, IN² is seeking partners from large corporations, mid-size real estate companies, nonprofits, government entities, and communities to participate in the inaugural cohort of this new program, beginning summer of 2024. IN²’s role will match the best technology to each corporate’s needs while providing up to $250k in grant funding for adopters to pilot and de-risk startup technologies via extensive implementation strategies.

Led by Sarah Derdowski, program manager, IN² is now accepting applications from real estate developers, builders, and owner-operators interested in piloting new technologies. Adopters can leverage IN²’s funds to develop tailored technology deployment programs, access implementation best practices and financial pathways for decarbonization, and receive actionable steps to accelerate deployment. This program offers scalable, deployment-ready technologies to meet sustainability, net-zero, and ESG goals.

IN² also invites cleantech startups ready to apply for large-scale pilots with at least one year of post-revenue traction. Startups will receive customized guidance to develop storytelling and strategy for pitching pilot programs, an opportunity to pitch to large corporates in a final showcase, matchmaking with customers, and collaboration with adopters who receive training to maximize technology adoption.

Apply here

Overlay Capital is an Atlanta, GA-based investment firm focused on advancements in the built environment. It invests in venture and private equity across the spectrum from innovation to infrastructure, approaching investment selection through the lens of the secular mega-shift toward sustainability, with a commitment to superior risk-adjusted returns.

VCWire

07/06/2024