EvoNexus incubates early-stage startups working in FinTech, MedTech, CommTech and Embedded Tech
Incubation Programs for early-stage technology startups
Startups receive support with fundraising, corporate connections, mentorship, and more, for only 1% common equity upon admission.
Benefits of Incubation
Our 2-year program combined with our individualized milestone-based structure and 1 on 1 mentoring fosters a path to long-term sustainability. Over 85% of EvoNexus portfolio companies have secured venture funding from over 300+ VCs and independent investors.
Access to Capital – Meet angel investors, venture capitalists, and strategic investors who are attracted to our startups because of our track record of success. These investors are frequently seen walking the halls of EvoNexus.
Pitch Scrubs – Refine your pitch to be VC ready through our educational workshops, pitch practices, and individualized pitch scrubs.
Demo Day – Showcase your technology to potential investors, customers, and partners, in the expansive EvoNexus network.
Mentorship & Domain Expertise
Our mentors and volunteers commit their time to help bolster the next generation of tech entrepreneurs.
World-Class Domain Experts – EvoNexus mentors are accomplished executives, entrepreneurs, and investors who voluntarily dedicate themselves to diving deep, making valuable connections, and advising startups based on their own industry experience. Each startup selects their own mentors to provide guidance throughout incubation.
Strategic & Corporate Network – EvoNexus partners with the most influential technology corporations in the world who often meet with EvoNexus startups to give assistance, ranging from early business unit exposure, technology steering, customer trials, and participation in early-stage funding.
Office Hours – Committed professionals dedicate their time to provide value free of charge to our startups. Leading VC firms offer fundraising advice, top law firms offer legal advice, and successful entrepreneurs provide guidance and stories from the field.
Custom & Structured Incubation Experience
Our 2-year program combined with our individualized milestone-based structure fosters a path to long-term sustainability.
Long-Term Residency – We know that startups need long-term support on their path to sustainability. Unlike other accelerator models that churn through cohorts in 3-4 months, we incubate companies for up to 2 years.
Milestone-Based Structure – We know that every startup has a different path to success. Each of our startups define their own milestones to tracks their product, customers, sales, etc., and report against them during check-ins.
Monthly Check-Ins – Our startups lead monthly check-ins with their EvoNexus portfolio manager and mentors, during which they describe their progress, problems, and plans. Together we continually refine objectives for each startup and assist in execution.
Recognition – Displaying the EvoNexus logo and those of our corporate partners provides validation for your venture recognized by investors and strategic partners. They know that EvoNexus startups undergo a highly competitive and rigorous vetting process.
Facility – EvoNexus provides beautiful co-working facilities. Our spaces are optimized for collaboration and technology development. The facilities feature conference rooms, phone booths, and dedicated dry lab space for hardware development
Community – Our programming and facilities foster collaboration amongst our entrepreneurs. Our startups form partnerships with each other and become each other’s first customers, introduce each other to investors, and so much more. EvoNexus community members lift each other up.
EvoNexus has partnered with organizations and service providers to curate free and discounted resources for our startups. Companies that provide resources to our startups include: Arm, aws, Brex, TriNet
See our Partners page for additional companies that provide resources to our startups.
How It Works
Qualified startups go through a rigorous process in order to join EvoNexus’ low-cost, high-touch program that has proven itself over the years. We are highly selective, so if you’re accepted, know that you are amongst the best of the best
Pay It Forward – EvoNexus is a 501(c)6 not-for-profit organization. We require only 1% fully diluted common stock from a startup to join our long-term residency program. EvoNexus uses this fee and all sponsorship dollars to help run the non-profit organization and support the California innovation community.
EvoNexus seeks startups that fit these general criteria:
Stage – Post idea-stage
Market – Solving a big problem in a large market with a unique solution
Technology & Product – Innovative with a clear competitive advantage
Team – At least 2 full-time founders, with domain and /or startup expertise
Finance – Typically Pre-seed to pre-Series A legally incorporated company, with at least a 6-month runway
The EvoNexus vetting process is conducted by our Selection Committee that consists of EvoNexus staff, key executives from our corporate sponsors, and other domain experts who add value in the decision making. Our goal is for this process to take no longer than 60 days from application to admission.
Application – Our admission process begins with your application on F6S. Think you are ready to apply? Submit your application here. If we need more information, we will contact you.
Scoring – The EvoNexus Selection Committee evaluates your submission to decide whether to move forward.
Initial Meeting – We conduct a one-hour virtual meeting with you and executives from our strategic corporate partners, with the goal of verifying alignment between your venture and the EvoNexus organization.
Due Diligence – After studying a full set of due-diligence documents that you send us, we conduct a two-hour virtual meeting, inviting executives from our strategic corporate partners and additional domain experts. Prior to the final due diligence meeting we may also arrange technical and financial due diligence calls.
Final Decision – we get back to you within 24 hours on the Selection Committee’s final decision. EvoNexus’ program has a 5% acceptance rate – if you are accepted, you are the best of the best!
Our program helps companies