About Wells fargo innovation incubator (in2)
Wells Fargo Innovation Incubator (IN2) is a technology incubator that has been co-founded and managed by the National Renewable Energy Laboratory (NREL) since 2014. The primary objective of IN2 is to support cleantech startups in their early stages of development, providing them with the necessary resources and guidance to help them grow into successful businesses.
IN2's mission is to accelerate the development and commercialization of innovative technologies that address some of the most pressing challenges facing our planet today. These include reducing greenhouse gas emissions, improving energy efficiency, and promoting sustainable practices across various industries.
The incubator provides a range of services to its portfolio companies, including access to funding, mentorship from industry experts, networking opportunities with potential investors and customers, as well as state-of-the-art facilities for research and development. IN2 also offers customized technical assistance programs tailored to each startup's specific needs.
One unique aspect of IN2 is its focus on collaboration between startups and established corporations. Through partnerships with Wells Fargo's business lines such as Commercial Banking or Corporate Properties Group or other corporate partners like Danfoss or Shell GameChanger program , IN2 aims to facilitate knowledge sharing between entrepreneurs and industry leaders. This approach helps startups gain valuable insights into market trends while enabling established companies to stay at the forefront of innovation in their respective fields.
Since its inception in 2014, IN2 has supported over 50 cleantech startups across various sectors such as building efficiency, agriculture technology , transportation electrification , water conservation etc . Many portfolio companies have gone on to raise significant amounts of capital from venture capitalists or strategic investors after graduating from the program.
In addition to supporting individual startups through its incubation program, IN2 also plays an active role in advancing cleantech innovation more broadly. The incubator hosts events such as hackathons or pitch competitions that bring together entrepreneurs , researchers , investors etc . These events provide a platform for startups to showcase their technologies and connect with potential partners or customers.
Overall, the Wells Fargo Innovation Incubator (IN2) is a transformative and catalytic force in the cleantech industry. Its commitment to supporting early-stage startups through customized programs, access to funding, mentorship, and networking opportunities has helped many entrepreneurs turn their ideas into successful businesses. IN2's collaborative approach also fosters innovation across various industries while promoting sustainable practices that benefit our planet.