What is EvoNexus?
EvoNexus is Southern California’s leading non-profit startup technology incubator and hub for the startup community with locations in San Diego and Irvine. We empower motivated entrepreneurs to turn their transformative ideas into fundable, commercially-viable companies. EvoNexus startups receive mentorship, access to capital and space in a collaborative working environment.
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.
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.
How is EvoNexus supported?
EvoNexus is, first, supported by corporate investors, including some of the largest multinational technology corporations in the world. Click here for a full list of our corporate partners.
EvoNexus also requires an equity contribution from the startups when admitted into the incubator.
How much equity do I have to contribute to EvoNexus?
The contribution will range from 1% to 5% depending on several criteria including: the life stage of the company and funding raised prior to entry and the duration in the incubator. The contribution level will be determined during the due diligence step of our admittance process.
What do the startups get in return for giving equity?
EvoNexus startups receive extensive mentorship, access to capital and space in a collaborative Class A working space with access to dry lab space provided by California’s leading real estate developer, The Irvine Company.
EvoNexus residency can go as long two years, with an average of 18 months incubation. Most other incubators offer only 3 to 6 months of residency. For more our full benefit story, click here.
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. For more criteria, please visit our Apply page.
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.
Can I apply to both Irvine and San Diego locations?
Yes, if you are interested in applying for both locations, please contact email@example.com. 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. Your application will be reviewed by the EvoNexus committee located in the city you select.
What is the difference between EvoNexus and the programs offered by the Strategic Funding Partners?
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.
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 2-3 months. It takes three 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, typically lasting 2-3 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.
I’m concerned that I am exposing my Intellectual Property by applying. Will you sign an NDA?
While each EvoNexus Selection Committee signs a Code of Conduct outlining the respect of information contained 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.
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, typically companies enter with between 2FT and 8FT members.
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 funding?
While this is not guaranteed, EvoNexus will work to equip you with the tools and introductions that will help you seek funding.
Will I have to move?
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 startups 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.