The Wells Fargo Innovation Incubator (IN2), a technology incubator and platform, selected five startups to participate in the program’s 11th cohort.
The Wells Fargo Innovation Incubator (IN2) is funded by the Wells Fargo Foundation and co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL).
The selected companies will receive up to $250,000 in non-dilutive funding to conduct technical assistance projects at the Donald Danforth Plant Science Center in St. Louis, Missouri, a program partner, and the world’s largest independent plant science research institute.
The companies will also benefit from a IN² cleantech ecosystem that includes industry experts, investors, and a nationwide Channel Partner network of more than 60 business incubators, accelerators, and university programs.
With the addition of these five companies, IN2’s total portfolio now includes 66 startups, including 20 sustainable agriculture startups. Since joining the IN2 program, portfolio companies have raised more than $1.28 billion in external follow-on funding.