Listen to this articleBelow is our recent interview with Kacey Willers, Marketing and Portfolio Manager at EvoNexus:
Q: Could you provide our readers with a brief introduction to your company?
A: EvoNexus is the leading non-profit technology startup incubator located in San Diego, created in 2010, by co-founders Rory Moore and Vice Admiral Walter Davis USN (Ret.). Our unique rent-free residential incubation program attracts applications from early-stage technology ventures seeking to benefit from EvoNexus’ strategic advisors and capital connections. EvoNexus has successfully incubated over 260 mostly technology startups with a survival rate of over 85%. Since the incubator’s formation in 2010, EvoNexus ventures have secured over $1.7B in venture funding, $10B in pre-exit valuation and over 40 acquisitions totaling over $2.1B. EvoNexus is financially supported by corporate sponsors including top-tier companies in MedTech, FinTech and Telecom/IoT. Our network of volunteer mentors provide key strategic and operational support for growing startups across our portfolios. Their financial and strategic mentorship enables us to perpetuate our low-equity, not-for-profit incubation model.
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Q: Can you give us more insights into your offering?
A: Our recent announcement highlights one of our leading sponsors, Qualcomm and our partnership in identifying promising startup companies that are focusing on 5G/6G and related IOT, AI/ML, healthcare, automotive, logistics and other verticals. Our 2-year program combined with our individualized milestone-based structure and 1 on 1 mentoring fosters a path to long-term sustainability. Over 85% of EvoNexus portfolio companies have secured venture funding from over 400+ VCs and independent investors.
Q: What can we expect from your company in the next 6 months? What are your plans?
A: Below you can see the amount raised by our portfolio companies over the last 5 years. We expect to exceed these numbers in 2023 through the hard work and dedication of our current portfolio companies, and the new companies that we admit.
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Q: What is the best thing about your company that people might not know about?
A: We have regular events which we refer to as Special Interest Groups (SIGs) . We have had 5G, Military, MedTech and Cybersecurity SIG’s in the last couple of months. EvoNexus is the meeting hub for San Diego entrepreneurs! Every second week we have Pizza Tuesdays for everyone in the building!
