Western Growers Earns $30K AgTech Grant from Wells Fargo
In California, Wells Fargo has awarded Western Growers a $30,000 grant for the second year in a row. The grant was presented at a private luncheon at the Western Growers Center for Innovation & Technology.
This year’s grant will again be used to further assist entrepreneurs in bringing their technologies from development to market. Additionally, Wells Fargo, the largest banking and lending organization in the U.S. commercial agriculture sector and a leader in environmental sustainability, will continue to lend critical sector expertise as well as leverage its Foundation to help speed up commercialization for agtech startups.
Last summer, Western Growers received an initial grant from Wells Fargo which was used to create scholarships for start-up companies who were looking to advance their innovations by joining the Western Growers Center for Innovation & Technology—an agriculture technology incubator in Salinas, Calif. Past scholarship recipients include AgVoice, Ayrstone Productivity, Food Origins, Harvesting Inc, HeavyConnect, Intelligent Wireless Networks, PastureMap, Soft Robotics and Wexus Technologies.
Scholarships, which will be funded through the Western Growers Foundation, will be awarded based on financial need, utility to industry, business model and market potential, among other criteria. The 2,800 square-foot Center for Innovation & Technology currently houses 38 startups and the scholarship will support 10 additional technology companies seeking to receive a coveted spot in the incubator. The Center would not be possible without sponsors and partners such as Wells Fargo.
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