EvoNexus is accepting the next round of applications for high-tech startups that want to work in a rent-free incubator.
EvoNexus is an arm of the San Diego-based nonprofit tech industry association, CommNexus. Its two San Diego incubators are located downtown and in University Towne Center.
Submissions are due Jan. 23.
Thanks to its model of donated space and services, startups don't have to pay a dime for rent. Other perks include attention from investors and mentoring from tenured technology executives.
Companies admitted to EvoNexus will be considered for placement in the QualcommLabs@EvoNexus initiative, which gives companies the chance to be considered by Qualcomm Labs Inc. for seed funding of up to $250,000. In the latest round of applicants, three companies got funding through the program.
Since 2009, EvoNexus has received more than 400 applications and has admitted 39 companies, resulting in 16 successful graduations.
The EvoNexus incubator companies have helped to create more than 400 jobs and raise over $95 million in venture funding to date.
In the latest round of heated competition, more than 100 applications were narrowed down to five chosen companies.