In its tenth year, the Wells Fargo Innovation Incubator (IN2) did not pause to celebrate—it expanded its impact. The program launched a new adoption-focused track while continuing to support startups developing cutting-edge energy technologies.
The Scalable Tech Track addresses implementation barriers by engaging with demand-side stakeholders. Ten partners, from large corporations and community organizations, spent months developing tailored adoption playbooks and refining technology selection strategies. The inaugural cohort culminated in a pitch competition where participants presented plans for a short-term pilot demonstration leveraging startup technology, with winners receiving a share of $750,000 from Wells Fargo.
Meanwhile, IN2 welcomed three new startups developing scalable solutions for efficiency and reliability in the built environment. Each received up to $250,000 in nondilutive funding from Wells Fargo for research and development support at the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL).
They join an elite group—the IN2 portfolio of 74 companies has collectively secured more than $2.5 billion in follow-on capital, meaning they have raised more than $121 for every $1 invested by IN2.
2024 saw IN2 expand the Channel Partner network to engage untapped regions and deepen collaboration across regional ecosystems. IN2 supported this group of more than 60 incubators, accelerators, and universities with strategic financial awards that scale their impact in the entrepreneurial community.
By bridging startups, adopters, and industry leaders, IN2 is streamlining the traditionally fragmented approach to technology commercialization—scaling big ideas into real-world impact.