EvoNexus continues to innovate, this time on a global level.
It’s created a “MarketLink Program,” which will enable global leader Murata Electronics and pSemi, (a Murata company), to hand-pick tech companies that dovetail with their strategic areas for potential partnerships. Both are sponsors of EvoNexus.
Applications came from as far as India and Israel to receive support in the form of product development, manufacturing support, licensing, channels-to-market, investment and other forms of collaboration. Applicants ranged from early-stage startups all the way to early-growth companies that are in revenue.
Companies developing innovative tech in the areas of 5G, the IoT, digital healthcare, energy, and mobility were invited to apply.
More than 100 companies, in total, applied for the 15 slots to meet with Murata and pSemi executives. The next step is the selection of 15 companies. They will get a private, one-hour virtual meeting with the execs.
There was no cost to apply.
Murata is a global leader in the design, manufacture and supply of electronic components, wireless connectivity, sensors and power and battery technologies.
Murata’s innovations are used in a wide range of applications, from mobile devices, automotive, wireless connectivity, healthcare devices and tools, energy and industrial.
Murata Manufacturing is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components and devices, communication modules and power supply modules.
pSemi Corporation is a Murata company that drives semiconductor integration. pSemi builds on Peregrine
Semiconductor’s 30-year legacy of tech advancements and strong IP portfolio, but with a new mission: to enhance Murata’s world-class capabilities with high-performance RF, analog and mixed-signal tools.
With a strong foundation in RF integration, pSemi’s product portfolio now spans power management, connected sensors, antenna tuning and RF front-ends.
These semiconductors enable advanced modules for smartphones, base stations, personal computers, electric vehicles, data centers, IoT devices and healthcare.
pSemi’s HQ is in SD. It also has offices around the world.
More About EvoNexus
EvoNexus is the brand of a tech startup incubator. Its original incubator is in SD and it has another incubator in La Jolla. It also has branches in OC and Silicon Valley. (The Silicon Valley operation is on the campus of Franklin Templeton Investments in San Mateo.)
The incubators let companies stay for up to two years.
It’s launched around 230 tech startups, with a survival rate of over 85%, since the first incubator started in 2010.
Two years ago, it started taking a very small percentage of equity (1%) in the startups it accepts, and that equity is reinvested in EvoNexus, a non-profit corporation, as a pay-it-forward to the next generation of startups.
The 1% will get diluted over time, EvoNexus co-founder Rory Moore said. So, therefore the organization still need to secure sponsorships to cover their operating expenses.
Companies that graduated from EvoNexus have secured over $2 billion in venture funding and outcomes, including 28 acquisitions.
The incubator is supported by corporate investors, including some of the largest multinational corporations in the world.
In other EvoNexus news, the application period for the first cohort of its virtual 5G incubator goes through October 9. Quinn Li, SVP and global head of Qualcomm Ventures, is the lead for Qualcomm Ventures in the 5G program. Li has an M.S. and Ph.D. in electrical engineering and an MBA from Cornell University.
See recent article about this program here.