Wells Fargo backs water-innovation nonprofit
Wells Fargo has made a three-year investment in Imagine H20, a San Francisco-based nonprofit that supports startups developing water-related technologies.
Wells Fargo has made a three-year investment in Imagine H20, a San Francisco-based nonprofit that supports startups developing water-related technologies.
Imagine H20 didn't disclose the size of the investment, but said the donation will allow the organization to expand its programming. The group sponsors a business plan competition for startups and also runs an accelerator that funds and assists entrepreneurs.
Imagine H20 focuses on companies that are tackling challenges like water scarcity and water-related diseases.
"Supporting entrepreneurial solutions to water challenges aligns with Wells Fargo’s commitment to providing capital for clean technology companies," said Andrew Kho[5], head of Wells Fargo’s clean tech commercial banking group, in a press statement. "Imagine H2O is building an exciting accelerator for water solutions and we’re eager to see the results of our more comprehensive, three-year commitment."
San Francisco-based Wells Fargo (NYSE: WFC) has major operations in the Twin Cities.
>Click here[6] to read Imagine H20's press release.
Katharine Grayson covers med tech, clean tech, technology, health care, and venture capital, and she writes the Innovation|Minnesota blog
References
- ^ Katharine Grayson (feeds.bizjournals.com)
- ^ This email address is being protected from spambots. You need JavaScript enabled to view it. (feeds.bizjournals.com)
- ^ Twitter (twitter.com)
- ^ Facebook (www.facebook.com)
- ^ Andrew Kho (feeds.bizjournals.com)
- ^ Click here (www.imagineh2o.org)