2022 Fire Awards: Wells Fargo Innovation Incubator looks to elevate agtech firms
August 1, 2022
Since inking a partnership with the Donald Danforth Plant Science Center in 2018, the Wells Fargo Innovation Incubator (IN2) has placed a focus on elevating agtech startups in St. Louis. Its agtech incubator program has funded 21 companies, providing them up to $250,000 in non-dilutive funding for research at the Danforth Center. The early stage investments are paying off, with those firms attracting $94 million in capital and having an average growth rate of 57%. Combined, the 21 companies have 288 employees.