Texas State University, along with research coalition partner institutions, has been recognized with the Innovation Incubator (IN2) Channel Partner Award from Wells Fargo to support clean energy innovation.
Texas State will collaborate with Rice University, the Austin Technology Incubator at the University of Texas at Austin and the Texas A&M University Engineering Experiment Station Clean Energy Incubator on a series of programs and initiatives that will help catalyze the next generation of cleantech entrepreneurs and serve as a feeder to the IN2 program.
The partnership received $275,000 in funding, which will be split equally among the institutions. Texas State will use its share to fund existing entrepreneurial and innovation programs focusing on identifying and increasing the diversity of student entrepreneurial teams that are pursuing new technologies, smart infrastructure and energy efficiency startups. For 2018, the funding will help support existing programs, such as Texas State annual SXSW Innovation Lab event and the university’s showcase at the Smart Cities Connect conference. Texas State will have an opportunity to renew the funding annually through the IN2 Incubator program.
Referred to as “The IN2Bound Cleantech Accelerator Program,” these programs will educate entrepreneurs and accelerate startups, connecting them to a network of experts to provide technical support and mentorship.
Through IN2, Wells Fargo has committed more than $1 million in support of eight projects and 19 organizations to address gaps in clean-energy technology development and commercialization. The IN2 Channel Partner Awards Program is designed to foster the development of a robust cleantech ecosystem by funding innovative incubators, accelerators and universities, and promoting a collaborative network of knowledge sharing.
About the Wells Fargo Innovation Incubator (IN2)
IN2 is a $30 million clean-technology incubator and platform funded by the Wells Fargo Foundation. Co-administered by and housed at the National Renewable Energy Laboratory in Golden, Colorado, IN2’s mission is to speed the path to market for early-stage, clean-technology entrepreneurs. Companies selected for participation in the program receive up to $250,000 in non-dilutive funding from Wells Fargo, technical support and validation from experts at NREL’s facilities, and the opportunity to beta-test at a Wells Fargo facility or with a strategic program partner. For more information, visit http://in2ecosystem.com.
About Texas State University
Founded in 1899, Texas State University is among the largest universities in Texas with an enrollment of 38,694 students on campuses in San Marcos and Round Rock. Texas State’s 181,000-plus alumni are a powerful force in serving the economic workforce needs of Texas and throughout the world. Designated an Emerging Research University by the State of Texas, Texas State is classified under “Doctoral Universities: Higher Research Activity,” the second-highest designation for research institutions under the Carnegie classification system.