5 indoor agriculture startups selected for Golden-based incubatorScientist examining plants in greenhouseThis incubator, which launched in 2014,...

5 indoor agriculture startups selected for Golden-based incubatorScientist examining plants in greenhouseThis incubator, which launched in 2014,...5 indoor agriculture startups selected for Golden-based incubator
Scientist examining plants in greenhouse
This incubator, which launched in 2014, has a total portfolio of 56 startups.

By Nick Greenhalgh - Reporter/Colorado Inno editor
July 08, 2021, 02:44pm MDT
Seeing an increasing need to meet global food demand in a sustainable way, Golden’s National Renewable Energy Laboratory today announced a new cohort of startups for one of its incubator programs.

NREL selected five new startups that focus on indoor agriculture to participate in its Wells Fargo Innovation Incubator, or IN2. The ninth IN2 cohort is specifically focused on developing technologies to help make indoor agriculture more sustainable.

“Indoor agriculture provides several environmental and operational benefits, but these processes typically produce more greenhouse gas emissions than field-grown systems,” Trish Cozart, IN2 program manager at NREL, said in a statement. “It’s critical to make indoor agriculture more sustainable, as land degradation and water shortages threaten the agriculture industry’s ability to feed a growing population. The companies in IN2’s ninth cohort are addressing this problem through innovative technologies.”

The selected companies will receive up to $250,000 in nondilutive capital from Wells Fargo and will conduct research and development at NREL and the Donald Danforth Plant Science Center in St. Louis, Missouri.

This incubator, which launched in 2014, has a total portfolio of 56 startups. Since joining the IN2 program, portfolio companies have raised $1.1 billion in external follow-on funding.
SOURCE:https://www.bizjournals.com/denver/inno/stories/news/2021/07/08/indoor-agriculture-nrel-incubator.html