WHY EVONEXUS?
EvoNexus Program & Benefits
EvoNexus enables motivated entrepreneurs to turn their transformative ideas into fundable, commercially-viable companies. We specialize in incubating startups that require more than a 3-month accelerator or a one-size-fits-all program. Our 2-year residency partnered with our individualized milestone-based program fosters a path to long-term sustainability. This long-term residency allows startups to build their teams, develop their minimum viable product, refine their market, secure venture capital, collaborate with strategic customers or partners, and graduate more likely to survive in the wild.
EvoNexus is a non-profit organization. We require only 1% equity from each 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. All of our mentors are volunteering their time free of charge to help bolster the next generation of tech entrepreneurs
About EvoNexus
EvoNexus Demo Day
This Is EvoNexus
Our results speak for themselves…
27
exits through
acquisition
$1.9B
total funding
& outcomes
85%
startups received
funding
200+
VCs invested in
our portfolio
EvoNexus Program Benefits
FUNDRAISING
ACCESS TO CAPITAL
Over 85% of EvoNexus portfolio companies have secured venture funding from over 200+ VCs. Our track record of successful startups attracts Venture Capitalists and Angel Investors to frequent the halls of EvoNexus. We have formed strategic partnerships with dozens of publicly traded corporations who are looking to invest in the latest important technologies
PITCH SCRUBS
We help you refine your pitch to be VC-ready through our educational workshops, pitch practices, and individualized pitch scrubs. Once your pitch has been perfected, the EvoNexus team will begin making introductions to our large angel and VC networks
DEMO DAY
Pitch to an audience of ~400 members of the tech and investor 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 startup cohorts in 3-4 months, we incubate companies for up to 2 years. We know that startups need long-term support on their path to sustainability
MILESTONES-BASED STRUCTURE
EvoNexus is not a “cookie cutter” program. Every startup is different and will have a different path to their graduation from EvoNexus. When admitted, startups are required to create and keep up to date a milestone sheet that tracks of your organization, product, customers, sales, marketing, and financing. The milestone chart is used during monthly check-ins with mentors to hold startups accountable and help create a realistic roadmap to success
MONTHLY CHECK-INS
For the first 6 months of incubation, startups are required to attend monthly check ins with with their EvoNexus portfolio manager and mentors. In each session, startups will present their updated milestone sheet and describe the progress, problems, and plans that arose during the month. Together we will discuss a plan to help solve any problem each startup has and assist in executing. After the first 6 months, check-ins become bi-monthly
MENTORSHIP & NETWORK
WORLD-CLASS DOMAIN EXPERTS
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. When admitted into EvoNexus, each startup is assigned a team of mentors to help during incubation
STRATEGIC & CORPORATE NETWORK
EvoNexus has partnered with over 50 of the most influential technology corporations in the world. These companies are often meeting with EvoNexus startups to give assistance, including early business unit exposure, technology steering, and potential Beta customer trials and early stage funding
1-ON-1 OFFICE HOURS WITH VC’S DOMAIN EXPERTS, AND SERVICE PROVIDERS
Committed mentors dedicate time every week or month to hold office hours in general or specific domain areas in 1-on-1 sessions with the startups. These mentors include venture capitalists from some of the world’s top VC firms, successful entrepreneurs, and top law firms offering free legal advice
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 strategic partners find impressive. Approximately 5% of all startups that apply are admitted into the program
FACILITY
PREMIUM CO-WORKING SPACE
EvoNexus provides beautiful co-working facilities, in partnership with the Irvine Company and Franklin Templeton. The space is optimized for collaboration and technology development. Unlike a typical co-working space, each startup is given dedicated desks for only your team to use. As your headcount grows, your space can expand with you. The facilities also feature conference rooms, phone rooms, and dedicated private dry lab space for hardware development
COMMUNITY
COLLABORATION WITH OTHER ENTREPRENEURS
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
Portfolio Company Resources
EvoNexus has partnered with organizations and service providers to curate free and discounted resources for our portfolio companies to save operating expenses. Some of these resources include:
$100,000 in AWS Credits
Access to EDA Tools During Incubation
90% Off HubSpot
No Fees For Life & $5000 in AWS Credits
Discounted Startup Fees
85% Off Mattermark
30-40% Off FounderSuite
$500 Company Incorporation
Free Legal Advice Office Hours with Law Firm Sponsors
