A $55 million energy technology program funded by Wells Fargo and co-administered by NREL, providing $250,000 nondilutive funding to cleantech startups in the…
The Wells Fargo Innovation Incubator (IN2) is a $55 million energy technology program funded by Wells Fargo and co-administered by the National Renewable Energy Laboratory (NREL, US DOE). The program focuses on cleantech startups in the built environment, grid, and infrastructure sectors, providing $250,000 in nondilutive funding and access to NREL's state-of-the-art research facilities. IN2's portfolio of 77 startups has raised over $2.6 billion in follow-on funding, with 21% exiting via acquisition or IPO. A Channel Partner network of 60 incubators, accelerators, and universities refers high-potential startups.