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EvoNexus announces new partnerships with Cisco and Mitchell International to provide funding for startups in San Diego and Irvine

Companies mentioned in this article: CommNexus/EvoNexus

SAN DIEGO, Aug. 21, 2014 /PRNewswire-USNewswire/ -- EvoNexus, a startup incubator program, has announced the next open call for applications for EvoNexus San Diego and Irvine locations running now until August 31. This will be the first official round that includes the opportunity for placement in the new CiscoEIR@EvoNexus and Mitchell@EvoNexus programs.

EvoNexus is a completely pro-bono, no strings attached technology incubator program. EvoNexus provides fully furnished office space, bandwidth, mentorship, oversight, access to start-up focused programming, strategic partner introductions, access to capital and the opportunity to the leverage the CommNexus network of executives and serial entrepreneurs.

EvoNexus has also recently announced two new partnerships with Cisco Systems (CiscoEIR@EvoNexus) and Mitchell International (Mitchell@EvoNexus). Both of these entities have published areas of interest and will be independently looking at the startups admitted into EvoNexus to consider investing initial seed funding.

Since launching in October 2009, EvoNexus has received over 700 applications and has admitted 68 companies. Of these, 7 were acquired and 58 are still active. The EvoNexus incubator companies have created over 1000 jobs and raised $573M in venture funding to date.

"EvoNexus has energized the San Diego startup community. As our metrics continue to build, more and more large strategic partners are stepping up to invest in the early stage ventures at EvoNexus" said Rory Moore, CEO of CommNexus. "Early strategic investment is bringing San Diego's angel money back in the game. Once that happens, the hard to get institutional money will follow. We believe EvoNexus can be replicated in Irvine and are committed to repeating the success there as well."

EvoNexus has two San Diego locations in UTC and Downtown and is currently expanding to a third location in Irvine, which will be located in the University Research Park area across from UC Irvine. This application round will accept applications for all three locations.

For a full list of incubator companies and information about applying to EvoNexus, please visit http://www.commnexus.org/incubator/

About CommNexus:
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

About EvoNexus:
EvoNexus is the business incubator of CommNexus and San Diego's 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/

Media Contacts:
Michele Yoshioka
858-886-6277
myoshioka@commnexus.org
Director of Programs & Operations, San Diego & Irvine

Kristen Long
858-768-5056
klong@commnexus.org
Sr. Program Manager, San Diego

Carolyn Liikala
619-889-4883
cliikala@commnexus.org
Program Manager, Irvine

SOURCE CommNexus/EvoNexus