Wells Fargo Innovation Incubator and Farmers Business Network Launch Technical Partnership

Selected agtech startups will have access to on-farm testing network to test new sustainable solutions at scale

September 24, 2021

DENVER–(BUSINESS WIRE)–Today, the Wells Far­go Inno­va­tion Incu­ba­tor (IN2), a tech­nol­o­gy incu­ba­tor and plat­form fund­ed by the Wells Far­go Foun­da­tion and co-admin­is­tered by the U.S. Depart­ment of Energy’s Nation­al Renew­able Ener­gy Lab­o­ra­to­ry (NREL), announced a part­ner­ship with Farm­ers Busi­ness Net­work, a tech­nol­o­gy enabled, direct-to-farm com­merce, com­mu­ni­ty and sus­tain­abil­i­ty plat­form help­ing Fam­i­ly Farm­ers max­i­mize their farm’s prof­it poten­tial. With sup­port from the Don­ald Dan­forth Plant Sci­ence Cen­ter, agtech star­tups that are cur­rent­ly par­tic­i­pat­ing in the IN2 pro­gram or that will par­tic­i­pate in the future now have the oppor­tu­ni­ty to access a net­work of on-farm sites to test prod­ucts and solu­tions on real farms.

Sus­tain­able agtech solu­tions, like the ones being devel­oped by star­tups in the IN2 pro­gram, are aimed at improv­ing agri­cul­tur­al out­puts while reduc­ing the industry’s envi­ron­men­tal impact. Access to real-world data on the effi­ca­cy of a par­tic­u­lar solu­tion is crit­i­cal to the com­mer­cial suc­cess of new inno­va­tions. Test­ing on real-world farms pro­vides insight into per­for­mance under real­is­tic con­di­tions, and across a com­pre­hen­sive range of envi­ron­men­tal con­di­tions, farm­ing prac­tices and oth­er impor­tant parameters.

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