- Applications received
- Initial review of all applicants
- Applicants scored by the EvoNexus Committee. 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 Presentations: 10 Minute Presentation + 10 Minute Q&A
- Companies selected to move forward will engage in further due diligence with a diligence lead selected by the EvoNexus Committee
- Selected Companies Begin Incubation