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The Wells Fargo Innovation Incubator (IN2), a technology incubator and platform funded by the Wells Fargo Foundation, today announced that it has selected six new participating startups with a focus on agriculture technology to join the program.
St. Louis-based Pluton Biosciences is among those selected. The startups will conduct research and development activities at the Donald Danforth Plant Science Center in Creve Coeur. Each will receive 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.
“The companies selected for Cohort 7 provide a window into the next chapter of agriculture. Their technologies are focused on optimizing 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 commercialization, and we’re pleased to connect their deep domain expertise and robust research capabilities with sustainable startup innovations.”
A recent market analysis predicts investment dollars to reach $6.9 billion this year, doubling since $3.4 billion in 2017. The IN2 program expanded its focus to agtech in 2018 to address the growing impact of the agricultural sector on carbon emissions.
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