Why EvoNexus

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 program partnered with our individualized milestone-based structure fosters a path to long-term sustainability. This long-term program 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’ program has a 5% acceptance rate – if you are accepted, you are the best of the best!

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.

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

85% Off Mattermark

30-40% Off FounderSuite

$500 Company Incorporation

$500 A Year For Simulation Software in Startup Program

About EvoNexus

EvoNexus Demo Day

This is EvoNexus

Our results speak for themselves…

229

startups incubated

exits through acquisition

$2B

total funding & outcomes

$6B

pre-exit valuation

85%

startups secured funding

260+

VCs invested in our portfolio

260+ Venture Funds Investing in EvoNexus Companies

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.

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, & 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

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Seeking Startups in ALL Technology Sectors for All Locations