Northern Virginia’s Ladybug Tools Named to Wells Fargo Innovation Incubator

Ladybug Tools, a company that creates computer applications to support environmental building design, was selected as one of five companies nationally to join the Wells Fargo Innovation Incubator (IN2). The invite-only program is a $30 million clean technology incubator funded by the Wells Fargo Foundation and co-administered by the National Renewable Energy Laboratory (NREL).

Ladybug Tools was founded in Baltimore in 2012 by Mostapha Sadeghipour Roudsari, a designer, software developer, and educator, but has since relocated to Fairfax, Va. Ladybug Tools’ software connects computer-aided design (CAD) interfaces used by architects and engineers to simulation engines that model building energy use, daylight, airflow, and other phenomena of building physics, the company said in statement. The company will receive up to $250,000 in non-dilutive funding, meaning this financing doesn’t require the sale of any company shares. The company will begin work with the Golden, Colo.–based NREL in January to create products using its facilities, tech and scientists before beta testing its final products at a Wells Fargo location.

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