Some New Ideas On Rational Programs Of Business Funding

Some New Ideas On Rational Programs Of Business Funding

They join 10 other companies selected for IN [2 ] in prior rounds, bringing the total to 20 early stage companies now participating in the highly selective program. In addition to receiving non-dilutive funding from the Wells Fargo Foundation, IN [2] participants receive financial and technical consultation from a network of experts, as well as research and testing support at NREL s world-class facility in Golden, Colo. Clean-tech startups participating in IN [2] will have their technologies validated at NRELs facilities, and many will follow the lab validation with beta testing at select discover here Wells Fargo locations. The real-world beta testing is a signature component of the IN [2] program and an important validation exercise for startups to learn how their technologies will perform and integrate with other systems. As an organization managing nearly 100 million square feet of real estate, we know that efficiency matters, and we are pleased that our efforts to build and foster an ecosystem that accelerates the commercialization of clean technologies for commercial buildings is bearing fruit, said Ashley Grosh, vice president and IN [2] co-lead for Wells Fargo. Companies from rounds one and two have achieved significant milestones on their way to the commercial marketplace. We are pleased to add this third round of innovators to IN [2] and expect the momentum weve seen to date continue across the program. The 10 clean technology startups joining Round 3 of the IN [2] program are: Transformative Wave: (Kent, Wash/Boulder, Colo.) HVAC, light, and battery storage retrofit kit for commercial buildings Software Motor Corporation: (Sunnyvale, Calif.) Super high-efficiency Internet-enabled motor for HVAC applications PowerFlex Systems: (Los Altos, Calif.) Adaptive EV charging network for demand response and renewable integration simuwatt [] : (Boulder, Colo.) Rapid energy auditing software and platform Maalka: (New York, N.Y.) Open modeling platform for managing large scale building sustainability initiatives Geli: (San Francisco, Calif.) Software platform to design, automate, and manage energy storage systems APANA: (Bellingham, Wash.) C&II smart water management systems using IoT and prescriptive analytics EdgePower: (Aspen, Colo.) Cloud-hosted energy simulation application for analyzing and enhancing building performance Ibis Networks: (Honolulu, Hawaii) Plug load management for the enterprise J2 Innovations: (Chino, Calif.) Building automation and operating system for connecting and controlling devices IN [2] continues to attract high quality applicants and companies, and is proving out the model that we had envisioned; participating companies have been acquired by successful clean-technology corporations, received follow-on funding, and beta demonstrations are underway within the program, said Richard Adams, Director of NRELs Innovation and Entrepreneurship Center. We are enthusiastic about the opportunity to advance these early stage technologies as well as to offer real-world test conditions in order to optimize their potential for success in the market. The IN [2] program is part of Wells Fargos 2020 Corporate Social Responsibility Commitments , which include commitments to accelerate the transition to a lower carbon economy and provide $65 million to environmentally-focused nonprofits and innovative projects that are delivering social, economic and environmental impact. IN [2] would not be possible without the collaboration and partnership of its 44 Channel Partners across the U.S., which include universities, business plan competitions and other clean technology accelerators. These Channel Partners provide a pipeline of early stage, high quality startup company referrals to IN [2] .

http://www.marketwatch.com/story/wells-fargo-adds-10-clean-tech-startups-to-innovation-incubator-2017-01-11

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