SAN DIEGO, June 13, 2014 /PRNewswire-USNewswire/ -- EvoNexus, San Diego's only fully pro-bono startup incubator, is now housing 28 companies in its downtown and UTC offices.
EvoNexus is the technology incubator of CommNexus, a leading non-profit trade organization that works to bolster Southern California high-tech industries.
"Every application round typically brings in a wide range of startups. We found it interesting that of the 9 companies we admitted in this round of 104 applicants, 7 were digital health related startups," said Rory Moore, CEO of CommNexus & EvoNexus. "This is a technology vertical CommNexus is focusing on and we're excited to see this trend being followed with the startups. The smart phone, ubiquitous broadband wireless, mobile apps, wearables, advanced semiconductors and the sky-rocketing cost of healthcare are compelling elements to enable digital health to be an important new cluster in San Diego."
The companies admitted in this round were AllSeq, Footprints Mobile Data, Hush Technologies, Koriist, Nanomedical Diagnostics, Omniome, PlayMotion, Skylit and Tab32. Information on each company can be found on the website: www.commnexus.org/evonexus
While EvoNexus companies have occupied space in the UTC location since 2009, many companies are now based in the downtown office at 101 West Broadway - in the heart of where the San Diego business community has noted a sizable growth in startup activity. Downtown is also the home to "EvoStart," a 4-month framework designed to help startups validate product market-fit while being exposed to the CommNexus/ EvoNexus network.
"EvoNexus is a constantly evolving program and we're always looking to make it better," said Director of Programs & Operations, Michele Yoshioka. "We have a dedicated, enthusiastic group of mentors that give their time to help these startups grow. We also hope to launch successful entrepreneurs who can remain part of and give back to the EvoNexus community."
The downtown location has become a hub for educational, informational, and community-oriented events hosted both by EvoNexus and supporting organizations in the region. EvoNexus participants work with mentors and advisors to improve and achieve a set of milestones within a time frame of up to two years, depending on the needs of the company and the company's milestones.
The next round of applications closes in August 2014. Given our continuing strategic alliance with Qualcomm and our new alliance with Cisco Systems, EvoNexus expects this next round to draw another large pool of applicants.
For a full list of incubator companies and information about applying to EvoNexus, please visit http://www.commnexus.org/incubator/
CommNexus is San Diego's non-profit technology industry association that works to accelerate the formation, growth, and success of the technology industry in the region. We deliver value to the technology industry through content-driven programs that provide access to capital, talent and business development. For more information, visit www.commnexus.org
EvoNexus is the business incubator of CommNexus and San Diego's only community-supported, fully pro-bono technology incubator. EvoNexus provides full services - furnished office space, domain experts and mentors, and the opportunity to leverage our wide network of business and VC contacts - to start-up companies striving to achieve sustainability. For more information, visit www.commnexus.org/incubator/
Director of Programs & Operations