What is EvoNexus?
EvoNexus is a technology incubator for Southern California’s startup community with locations in San Diego and Irvine that does not require companies to surrender equity. EvoNexus empowers motivated entrepreneurs to turn their transformative ideas into fundable, commercially viable companies, and leverages community resources to provide what entrepreneurs need to be successful.
What is the EvoNexus Mission?
To create an environment that enables our entrepreneurs to focus all of their energies and resources on turning their brilliant ideas into viable companies. EvoNexus is driven to support local entrepreneurs, not by potential for profit, but by their startups’ potential to create high-paying jobs that benefit our local economy. Unlike most other incubators, which offer seed funding in exchange for equity, EvoNexus leverages community resources to provide the tools that our most promising entrepreneurs need, without requiring them to surrender equity in return.
What does EvoNexus provide?
EvoNexus’ ecosystem offers its entrepreneurs – who range from first-timers to experienced founders with a long track record of success – a wealth of talent and experience to draw on, through our extensive network of mentors, service providers, and investors. We provide an environment that enables our entrepreneurs to focus all of their energies and resources on turning their brilliant ideas into viable companies.
How does EvoNexus provide all of this without making companies surrender equity?
EvoNexus is sponsor supported by some of the largest multinational technology corporations in the world. For example, the Irvine company provides all three office locations for our startups at no cost. Click here for a full list of our sponsors.
Am I the right fit for the EvoNexus Incubator program?
EvoNexus admits a wide variety of startup companies. There are guidelines that the startup must be high tech focused, the company must be incorporated prior or when admitted, and the business headquarters must be located in the city that you are applying to, San Diego or Irvine.
What is the difference between the San Diego and Irvine EvoNexus locations?
The EvoNexus framework used will be the same between both San Diego and Irvine locations. Companies located in both cities will be able to utilize the EvoNexus networks, which include Southern California’s most prominent CEOs, investors and experts.
How do I select which location I am applying for?
On the application there will be an opportunity to select which location you are applying to. Your application will be reviewed by the EvoNexus committee located in the city you select.
Can I apply to both Irvine and San Diego locations?
Yes, if you are interested in applying for both locations, please contact firstname.lastname@example.org. Keep in mind you will need to have your company’s headquarters in the same city that you are accepted to. This may require relocation of your team.
What is the difference between the Downtown location versus the La Jolla location in San Diego? Do we get to select which office we work from?
The La Jolla office space is traditional suite style office space, designed for hardware and digital health startups. Each company has a private suite with open cubicle space and closed door offices. The downtown office space is an open floor plan with shared work space promoting a collaborative environment designed for software startups. Your location will be assigned based on company needs and EvoNexus Committee criteria upon admittance to the program.
What is the difference between EvoNexus and the programs offered by the Strategic Funding Parnters?
The programs offered by our Strategic Funding Partners are within the EvoNexus incubator. Companies will go through the standard EvoNexus selection and due diligence process for admission to the incubator. EvoNexus will determine who to admit and will extend an offer of acceptance under their standard terms and conditions. In parallel, Strategic Funding Partners will engage in discussions with selected companies with the goal of providing seed funding. Click here for more information on Strategic Funding Partners.
If I am admitted into the EvoNexus Irvine location, am I eligible to receive funding from Strategic Funding Partners?
Yes, all companies apply to all EvoNexus locations will be considered by our Strategic Funding Partners for funding.
What is included in the application process?
Please click here to see more information on the application process.
All companies considered for incubation must go through a four step process:
Click here for a complete breakdown
How long is the application process? When will I know if I am admitted into the program?
Once applications close, the review process takes about 2 months. It takes two weeks for the EvoNexus committee to review and score applications. After that, the committee will request face to face presentations from applicants who are moving forward. The last step prior to selection companies for admittance is the due diligence process lasting 2 weeks.
Is my company “too far along” to apply?
If you are thinking about using the services of an incubator and are still raising seed or Series A funding then this program is probably right for you. It doesn’t matter if you have already taken funding from other investors; the focus is on whether the EvoStart milestones and/or Qualcomm and/or Cisco EIR and/or ViaSat and/or InterDigital can help you achieve success given the current stage of your company.
I’m concerned that I am exposing my Intellectual Property by applying. Will you sign an NDA?
While we will be respectful in the handling of information in your application, we do not enter into NDAs for this process and do not wish to receive confidential information. Please do not disclose any proprietary business or technological information. EvoNexus expects to see many applications which are likely to contain similar ideas or which contain ideas that companies who sit on its Selection Committee currently are developing.
What if we are students, can we still apply?
While students are not excluded from applying, admission into the incubator requires that you be a legally incorporated company with a leadership team able to dedicate time and energy into the business on a full-time basis.
Is there a restriction on the amount of members of the group?
No. That said, the expectation is that companies working out of the Downtown location will have no more than 8 employees. Companies operating out of University Town Center may be a little larger.
I’m a single founder. Can I get accepted?
Although applications from single founders won’t be explicitly screened out, you do need to be a legally incorporated company with a team able to dedicate the necessary skills, resources and energy into making your business a success. Given the nature of technology businesses, it is important to have the right combination of technical and business skills in the founding team.
Will you help me secure venture funding?
While this is not guaranteed, EvoNexus, Qualcomm, Cisco EIR, ViaSat, and InterDigital will work together to equip you with the tools and introductions that will help you seek further venture funding.
Will I have to move?
Yes, EvoNexus is only operating in San Diego and Irvine at this time. If accepted to the San Diego Incubator, the expectation is that you will be located full time in San Diego. If accepted to the Irvine Incubator, the expectation is that you will be located full time in Irvine.
Can I apply if our company or founders are not from the USA? Will you help with Visas and immigration?
While EvoNexus will accept anyone from anywhere, you do need to be based in San Diego during your time in the incubator lab and be in the USA legally. EvoNexus will not be able to assist you in securing visas.