Southern California’s Leading
Technology Startup Incubator
Technology Startup Incubator
EvoNexus produced record results in the three quarters of 2019 of $141,000,000 of portfolio investments, following our record breaking 2018 full year results of $226,000,000. Based on the recent fundraising performance of our portfolio, 2019 is now a record year for securing long term corporate partnerships, providing financial support for SoCal’s leading technology incubator. EvoNexus has had a 60% growth over the last 6 months in yearly sponsorship commitments. Given the momentum created by these accomplishments, EvoNexus, a non-profit organization, has decided to significantly reduce the equity requirement from startups entering our unique program.The new requirement is now 1% of Common shares upon admission, a substantial reduction from our 4-5% range. The organization believes the 1% de minimis equity requirement will help assure the continued growth of the value of our portfolio.
Since its inception in 2009, EvoNexus has been the driving force in helping startups in Southern California build and launch companies. As the largest incubator in the region, 77% of incubating portfolio companies receive funding while in residence. The 200 startups that are in our portfolio have raised over $1.7B in funding and outcomes (view our track record). EvoNexus continues to evolve to better fulfill its mission of launching promising companies by adding more layers of assistance to the startup ecosystem.
Questions? Inquire about upcoming dates for our monthly info sessions and more: firstname.lastname@example.org
Are you a fit for EvoNexus?
- Stage: Post idea-stage with a working prototype/demo
- Market: Solving a big problem, in a large market with a unique technology solution
- Technology/Product: Innovative with a clear competitive advantage
- Team: At least 2 full-time founders, domain and/or startup expertise is advantageous
- Finance: Typically pre-Seed to pre-Series A, with the ability to support yourself working full-time on the venture during the program
- Tailored portfolio management: every startup has its own milestones and timeframe for incubation
- Mentors: matched based on domain expertise, with on-site availability for office hours and strategy sessions
- Strategic and capital introductions when you’re startup is ready
- Topic-based workshops to help enhance and expand your business skills
- Events to connect you with technologists and investors in Southern California
- Learn more about the program benefits
Application: Startups apply through an online portal.
Scoring: Applicants are vetted by our EvoNexus Selection Committee, a group of technology executives and entrepreneurs with a wide range of domain expertise. Scoring categories include:
- Market (Size, growth presence of competitors; Clarity of market focus; Market need and/or acceptance)
- Technology/Product/Service Offering (Innovation / transformational nature of the technology; Business model; Sustainable competitive advantage; Product development risk; Ability to meet project milestones; Feasibility of the technology plan; IP situation)
- Organization (Quality of management team; Domain experience / strength; Ability to attract full management team, BOD, BOA)
- Financials (Ability to support itself while in incubator; Time to revenue; Ability to attract capital: angel/institutional; Sustainability outside incubator on exit)
Face to Face: Selected companies present to the EvoNexus Selection Committee. This is an opportunity for the Committee to meet teams in person and ask questions. Selected companies advance to Due Diligence.
Due Diligence: Committee Members with expertise in your industry do a “deep dive” into your company and provide a forum for you to explain your startup and technology in further detail. From here, companies will be notified of admittance.