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EvoNexus opens spring '15 applications

25 new companies could be selected

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EvoNexus’ three locations are preparing to expand, as the incubator is now accepting applications for its spring class.

The 48 current portfolio companies could be joined by as many as 25 new startups selected from the expected 100 to 150 applicants.

Applications for this round are due Feb. 28, and can be found on the EvoNexus website. Interested entrepreneurs and startups are able to attend an open house to learn more and see if either of EvoNexus’ two four-month incubation models will work for them, depending on the stage and existing funding of their company.

While Michele Yoshioka, director of programs and operations for CommNexus and EvoNexus, said there are no specific industry requirements for any of the locations, she noted that the downtown San Diego hub tends to attract software firms, while the UTC and Irvine locations have a lot of hardware, medical and chip companies.

She said the incubator is seeing a lot of interest from startups in the Internet of Things and Internet of Everything space, and noted that EvoNexus’ partner companies — Qualcomm Inc. (Nasdaq: QCOM) and Cisco Systems Inc. (Nasdaq: CSCO) — would be looking to invest in companies that align with their interests: mobile health and robotics, and IoT and IoE, respectively.

The total number of companies that will be accepted this round is flexible. Yoshioka estimated between 10 to 15 split between both San Diego locations, with roughly 10 expected to be added to the new Irvine location, which officially opened in January.

EvoNexus has admitted 83 companies to date, with $588 million in funding and outcomes and eight acquisitions.

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