{"id":237776,"date":"2015-07-03T00:00:00","date_gmt":"2015-07-03T07:00:00","guid":{"rendered":"https:\/\/sdnews.com\/an-emerging-partnership\/"},"modified":"2015-07-03T00:00:00","modified_gmt":"2015-07-03T07:00:00","slug":"an-emerging-partnership","status":"publish","type":"post","link":"https:\/\/test.sdnews.com\/es\/an-emerging-partnership\/","title":{"rendered":"An emerging partnership"},"content":{"rendered":"

EvoNexus offers a growth hub for local up-and-coming tech-based businesses<\/strong><\/p>\n

Por Dave Fidlin<\/p>\n

Since 2009, budding tech-savvy entrepreneurs have worked with a local nonprofit to launch and grow businesses with disparate functions, from mobile apps to wearables to advanced semiconductors.<\/p>\n

In the six years since the creation of business incubator EvoNexus<\/a>, innovators have come through peddling a range of ideas; some practical, as evidenced by some of the products aimed at bringing affordable healthcare to the marketplace, while other prospective products are light-hearted.<\/p>\n

Touted by organization officials as San Diego\u2019s only fully pro-bono startup business incubator, EvoNexus currently works with 55 emerging businesses in the area through its main operation Downtown, as well as through satellite offices in University Town Center and Irvine.<\/p>\n

\"SDDN<\/a>
Rasto Ivanic, CEO of incubator company GroupSolver, gives a presentation at EvoNexus\u2019 Demo Day 2015 in March (Courtesy EvoNexus)<\/figcaption><\/figure>\n

Across the 55 incubating businesses, EvoNexus has been a catalyst for raising $626 million from a range of investors.<\/p>\n

Rory Moore, CEO of EvoNexus, said the organization\u2019s overall track record has also been strong. Of the so-called \u201cgraduated businesses\u201d that have left the nest of EvoNexus and spread their wings in the real world, 88 percent remain active as of this date.<\/p>\n

Part of the reason for the high success rate, Moore said, is EvoNexus\u2019 rigorous requirements. Case in point: During the most recent application process for prospective business owners, EvoNexus received 212 applications, only 26 of which were actually approved.<\/p>\n

The rigor, Moore said, is all part of EvoNexus\u2019 ongoing evolution.<\/p>\n

\u201cSince inception, EvoNexus has matured considerably in the area of attracting more social entrepreneurs, more social teams and start-ups that have significant inventions,\u201d he said.<\/p>\n

The entrepreneurs behind the emerging companies that are admitted into EvoNexus have access to a buffet of resources, including mentoring, workshops and, most telling, networking opportunities that put business leaders into contact with investors who can infuse capital.<\/p>\n

EvoNexus got its footing in University Towne Center (now called Westfield UTC) \u2014 and still have an incubator space there \u2014 but moved the main hub of operations to an office complex at 101 W. Broadway in a gesture organization officials attributed to \u201cbeing in the thick\u201d of all the start-up activity in the city\u2019s Downtown area.<\/p>\n

Two entrepreneurs currently working out of the Downtown office expressed enthusiasm toward the future of their businesses when contacted by San Diego Downtown News.<\/p>\n

Mehul Merchant is CEO of UVA Mobile, a phone plan carrier with customizable options. He said his business offers more flexible, consumer-friendly options that are not available with other wireless companies.<\/p>\n

Merchant, who is about to launch his product into the marketplace, said he and his fellow associates have refined their product in recent months as part of UVA Mobile\u2019s own evolution.<\/p>\n

While capital for emerging entrepreneurs is seemingly limitless in places such as the Bay Area, Merchant readily admits that San Diego is in shorter supply of such resources. For this reason, he said he was grateful to link up with an organization such as EvoNexus.<\/p>\n

\"SDDN<\/a>
INOVA Drone CEO Chad Amonn shows off his company\u2019s latest technology at Demo Day. (Courtesy EvoNexus)<\/figcaption><\/figure>\n

\u201cI\u2019ve done quite a bit of networking,\u201d Merchant said. \u201cThe energy it brings to the environment is really good. What you get from something like this is a network of people who can inform and advise.\u201d<\/p>\n

Ajit Viswanathan, founder and CEO of Doctible, said his company was designed around President Barack Obama\u2019s Affordable Care Act legislation and is aimed at taking away the guesswork that can be associated with shopping for healthcare.<\/p>\n

\u201cOur goal is to make it easier for the consumer,\u201d Viswanathan said. \u201cWe\u2019re about to launch our product to the San Diego market.\u201d<\/p>\n

Viswanathan, who has been involved with EvoNexus since November, said the immense networking opportunities have been a positive for him personally and for Doctible as a company.<\/p>\n

\u201cYou never know who you\u2019re going to meet,\u201d he said, referring to doors the relationship has opened.<\/p>\n

As EvoNexus continues its evolution, Moore said he envisions more growth opportunities on the horizon. In early June, the organization struck a strategic arrangement with a new partner: the publicly traded InterDigital. Further details about the partnership are anticipated in the months ahead.<\/p>\n

\u201cEvoNexus over the next 10 years will continue to leverage great inventions coming from universities and the commercial sector,\u201d Moore said. \u201c[The organization will] accelerate those companies through strategic partnerships around the globe with investments.\u201d<\/p>\n

EvoNexus\u2019 Downtown incubator office is located at 101 W. Broadway, Suite 200. For further information on the organization, visit evonexus.org<\/a> or call 888-926-3987.<\/p>\n

\u2014Dave Fidlin es un periodista independiente con una afinidad especial por San Diego y su gente. Cont\u00e1ctelo en <\/em>dave.fidlin@thinkpost.net<\/em><\/a><\/p>","protected":false},"excerpt":{"rendered":"

EvoNexus offers a growth hub for local up-and-coming tech-based businesses By Dave Fidlin Since 2009, budding tech-savvy entrepreneurs have worked with a local nonprofit to launch and grow businesses with disparate functions, from mobile apps to wearables to advanced semiconductors.<\/p>","protected":false},"author":726,"featured_media":237304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"An emerging partnership","_seopress_titles_desc":"","_seopress_robots_index":"","jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[11547,11551,11600],"tags":[],"class_list":["post-237776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-features","category-news","category-sdnews"],"_links":{"self":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts\/237776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/users\/726"}],"replies":[{"embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/comments?post=237776"}],"version-history":[{"count":0,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts\/237776\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/media\/237304"}],"wp:attachment":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/media?parent=237776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/categories?post=237776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/tags?post=237776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}