“EvoNexus is unique and produces massive value for its participants. Bottom line, there are few if any incubators that have produced over $1B in investor value so quickly after being founded. The culture at EvoNexus is “if you join us, you will succeed,” and the companies that become part of the Evo family do just that.“
John Major, Former Chairman, Broadcom
EvoNexus is highly differentiated from other incubators that we consider to be our peers:
We focus on our companies’ success. Unlike for-profit incubators, our non-profit status which allows us to focus on helping our portfolio companies attain their goals without being distracted with profit motivations.
We believe in quality over quantity. We admit only about 20 companies every year. Our admission criteria are rigorous, and only the best get admitted, less than 10% of all applicants. This means that those that are admitted receive our mentors’ undivided attention. Over 80% of our graduate portfolio are still in business.
We are generous with time. From experience, we know that it takes time to build a viable company that is attractive to investors. This is why we give our startups up to two full years of incubation, with the average tenure being 18 months. Other incubators only offer 3 to 6 months of support.
We offer a vibrant network of capital sources. EvoNexus prides itself on having a robust network of investors who are highly motivated in financing a startup. Our network starts with our corporate sponsors – Qualcomm, ViaSat, BOSE, Verizon and more have seed-invested, partnered with or acquired our companies. Venture Capital firms from both Southern California and Silicon Valley are active participants. We have a large network of ‘angel’ investors including our mentors who have personally invested in our companies. Nearly 80% of our companies successfully raised funding during their incubation period.
Funding
Access to Capital
View list of VCs who have invested in EvoNexus portfolio! Over 76% of our portfolio have secured funding while incubating at EvoNexus.
Our track record of successful startups attracts Venture Capitalists and Angel Investors to frequent the halls of EvoNexus. Additionally, our Strategic Funding Partners, ViaSat (NASDAQ: VSAT) and Qualcomm (NASDAQ:QCOM) offer potential seed capital of $250,000 for startups in their interest areas. We have formed strategic partnerships with dozens of publicly traded technology corporations who are looking to invest in the latest important technologies.
Fundraising Support
We help you refine your pitch to be VC-ready through our educational workshops, pitch practices, and individualized pitch scrubs.
Demo Day
Pitch to an audience of ~400 members of the tech community. EvoNexus companies have attracted investors, customers and partners through Demo Day. Click HERE to see more about Demo Day.
Program
Long-term Residency
Unlike other accelerator models that churn through start up cohorts in 3-4 month intensive programs, we incubate companies for an average of 18 months. We know that startups need longer-term support on their path to sustainability.
Milestones-Based Structure
Entrepreneurship is chaos. We help hold you accountable to your milestones and support you in refining a realistic roadmap to success. Every startup is different and will have a different path to their “graduation metrics”.
Intellectual Property Support
EvoNexus provides extensive IP support through in-house patent expertise to help you develop and execute your IP strategy. This includes business goals (who will infringe, marketing/licensing value, investor/exit value, etc.), understanding areas of novelty and developing a patent filing strategy.
Mentorship & Network
World-Class Mentorship
Our mentors are accomplished executives, entrepreneurs and investors, current in their industries. They believe in our vision of growing the economy and voluntarily dedicate themselves to diving deep, making valuable connections and advising based on their own industry experience. They challenge startups to move beyond assumptions to validations.
Our Network
Our brand attracts innovation leaders looking to connect SoCal’s best startups with capital, strategic corporate partners, institutional investors and more. Our expansive network unlocks infinite possibilities.
Office Hours
Committed mentors dedicate regular times every week or month to holding office hours in general or specific domain areas, accessible to any incubating startup.
Brand
Credibility
Each startup undergoes a highly competitive, rigorous vetting process. Being selected as an EvoNexus company provides validation for your venture that investors and the strategic partners find impressive.
Community
Our startups form partnerships with each other and become each other’s first customers. They introduce each other to investors, advise each other on manufacturing processes, cost share materials, and so much more. EvoNexus community members lift each other up.
Facility
Class A CoWorking Space
EvoNexus provides beautiful coworking facilities in La Jolla and Irvine, CA, in partnership with the Irvine Company. The space is optimized for collaboration and technology development. The facilities feature phone rooms, conference rooms, and dedicated private spaces for hardware development.
“As an early stage startup part of the EvoNexus incubator, we have been able to operate in a lean and efficient manner. EvoNexus substancially increases the likelihood of success for innovative startups in our region, and they have been instrumental to our success as well. With the numerous introductions they have made for us and countless hours spent providing guidance and mentoring, they have helped us not only steer in the right direction, but also provided much needed thrust to help us get there faster.”
Dr. Mete Erturk, CEO & Founder, Appulse Power
(acquired by Silanna after 9 months in incubation)