EvoNexus

EvoNexus operates as a prominent non-profit technology incubator, headquartered in La Jolla, California, with a distinct model focused on empowering early-stage startups. Unlike traditional venture capital firms, EvoNexus does not directly invest capital into companies by writing equity checks. Instead, it provides a comprehensive, pro-bono incubation program that is entirely equity-free for participating entrepreneurs. This unique approach means startups benefit from free office space, extensive mentorship from industry veterans, and unparalleled access to a robust network of corporate sponsors, venture capitalists, and strategic partners, all without relinquishing any equity in their nascent businesses.

The incubator's operations are sustained through the generous support of its corporate sponsors, which include major industry players like Qualcomm, Viasat, and Ericsson, alongside various grants. This funding model allows EvoNexus to focus purely on accelerating the growth and commercial viability of its portfolio companies. Their primary objective is to prepare these startups for successful external funding rounds, connecting them with investors who are actively seeking promising ventures in sectors such as biotech, medtech, cybersecurity, artificial intelligence, and the Internet of Things.

EvoNexus boasts an impressive track record of success, having graduated over 250 companies from its programs since its inception. These alumni companies have collectively demonstrated significant fundraising prowess, securing more than $2.9 billion in follow-on funding from external investors. This substantial capital raised by their incubated companies underscores the effectiveness of the EvoNexus model in transforming innovative ideas into fundable and commercially viable enterprises, contributing significantly to regional economic development and technological advancement.