reshaping southern california’s innovation...
TRANSCRIPT
Reshaping Southern California’s Innovation Economy
EvoNexus is a non-profit technology incubator and hub for Southern California’s startup community designed to accelerate the growth and success of
entrepreneurial companies.
EvoNexus is community supported and takes zero equity, or fees from incubating startups.
EvoNexus Locations
IRVINE (est. 2015) University Research Park (URP)5151 California Ave. #150-located on campus at UC Irvine-collaborative and hard science development with hard lab space
LA JOLLA (est. 2010)4225 Executive Sq. #400-hard science companies with lockable hardware development space
SAN DIEGO (est. 2012)101 Broadway St. #200-collaborative environmentsimilar to South of Market St. for software companies
All Facilities Provided By:
>40,000 Sq. Ft., Class A Space
Sponsor & Strategic Partner
EvoNexus Accomplishments (Since 2010)Launching and developing SoCal’s next generation start-ups
45COMPANIES CURRENTLY INCUBATING
$1.035B FUNDING & OUTCOMES
1,352 APPLICATIONS RECEIVED
ACQUISITIONS17
COMPANIES IN OUR PORTFOLIO145
*5 of the 17 acquisitions occurred while the company was still incubating at EvoNexus
QuestionPro, 2014 Qualcomm, 2014
Becton-‐Dickinson, 2015
Rafter, 2012Silanna, 2012 &Qualcomm, 2015
DigitalGlobe, 2013Five9, 2013
Total Transit, 2013Outerwall, 2013
Emida, 2015 Human Longevity, 2015 Parallel6 , 2015
Acquisitions (17 Total)
Higher Level Media, 2015
Tourmaline Labs, 2014
Coupa Software, 2013
Intel (Wind River), 2016
EvoNexus Start-Up Technology SectorsLeverages the inherent strengths of Southern California's innovation economy
EVONEXUS TEAM
Rory MooreCEO & EvoNexus Founder
VADM Walter DavisVP Organizational Development & EvoNexus Founder
Kayla TrautweinSr. Portfolio ManagerLa Jolla & San Diego
Katie ConlonProgram Manager, EvoNexus San Diego & MarketLinkSan Diego
Danielle TavshanjianController & HR Manager
Tilly SoukamneuthProgram & Portfolio Coordinator La Jolla, SIGs & HeadlinersSan Diego
EVONEXUS TEAMAlexa EnlowPortfolio ManagerIrvine
Katy RobyMarketing & Events CoordinatorSan Diego
Jake HuweMarketing & Events InternSan Diego
Gillian BelkMarketing & Events InternSan Diego
EVONEXUS INCUBATOR BENEFITS STARTUP FRAMEWORK• Mentorship/Mentor Hours• Workshops• Milestones tracking• Entrepreneurial collaboration• Pitch Practice• Demo Day
PROGRAMS & EVENTS• Speaker Events• Founder Meetings• Domain Expert Hours • Free SIG & Headliner Attendance• MarketLink
FACILITIES• Rent-‐free, fully furnished• Utilities• Broadband access
SUPPORT• Accountability & Oversight• Introductions to mentors, capital providers,
customers• Intranet: contact lists, discounted services
and reviews
MILESTONESCompany Name: Sample
Date:
Category Milestone Progress Highlights/Lowlights
Original Completion
DateStatus
Updated Completion
DateStatus
Organizational1. Assemble engineering team Hired/Completed Jun-‐16
2. Hire salesforce Scheduled interviews Jan-‐17 Mar-‐17
Product
1. Demo Phase A Completed Dec-‐16
2. Demo Phase B On track Feb-‐17
3. Alpha Shipment Design issues Feb-‐17
Customer/Marketing/ Sales Sign contract with customer A Just initiated talks May-‐16 Jul-‐16
Financing Bridge loan of $1M Behind schedule Mar-‐16
Graduation Series A Funding or Acquisition On track Sep-‐17
Will Likely Miss At Risk High Confidence
EVONEXUS PERKS WORTH A VALUE OF: $281,400Even though EvoNexus does not provide startups with capital upon admittance, it offers perks and benefits that total
over $280,000 per startup. We’ve highlighted some of the perks below:
FACILITIES• Class A, rent-free, fully furnished office space
provided by The Irvine Company• Utilities & operating expenses• Broadband internet provided by Kio Networks• Conference Telephony provided by Cox• Full Service Janitorial provided by Pegasus• Printing/Copying• IT services by Secure Vizion
PROGRAMS & DISCOUNTED SERVICES• Free access to all EvoNexus events• Rackspace hosting services• Amazon web services• 90% off HubSpot• Multitude of other services
MARKETLINK• Hour-‐long, private meetings with large multinational corporations such as LG, ZTE, HP,
Nokia, ARM, etc.• Influential Committee with deep rolodexes • EvoNexus companies within areas of interest • Success stories: RockMyRun/ZTE, Antengo/Verizon Ventures• Upcoming Events: Huawei (Aug.), Motorola Solutions (Sept.) British Telecom (Oct.)
DEMO DAY• Twice a year, in March & Aug/Sept.• Showcase for newly admitted startups• Pitch to an audience of 300-‐400 members of the tech community, including
investors• Winner gets a seat at the Investor VIP dinner following the event• Silicon Valley Demo Day
PROGRAMS/EVENTS
SIGs (SPECIAL INTEREST GROUPS)
HEADLINERS
• 7 technology verticals addressing specific industry issues• Digital Health, Digital Media, HR, IoT, Robotics & Intelligent Systems, Security & Big
Data, Social Media & Marketing• Opportunities for EvoNexus founders to participate on panels• EvoNexus companies attend for FREE
• Large Keynote/panel events held at Qualcomm• 2-‐3 per year• 400-‐600 attendees• Opportunities for EvoNexus companies to table/demo• EvoNexus companies attend for FREE!
PROGRAMS/EVENTS
Areas of focus: IoT, Automotive, Health, 5G, Robotics, Smart Cities, Networking, Security, Power Management (Esp. For Mobile)
Areas of focus:Connected Services, Telecommunications Technology, Cyber Security
Areas of focus:IoE, Smart Cities, Big Data/Analytics, Enterprise, Mobility, Security
Areas of focus:IoT, 5G, Security, Automotive, Drones, Robotics, Health, Smart Cities, Wearables
Admitted companies are automatically considered for Strategic Funding
Strategic Funding Partners
@EvoNexus
EVONEXUS SELECTION COMMITTEE
50+ technology executives, entrepreneurs and investors across a wide spectrum of domain expertise
Responsible for selecting and mentoring admitted companies
Committed to growing the Southern California innovation economy
Organizations represented include: Qualcomm, ViaSat, InterDigital, CiscoEIR, ID Analytics, ResMed, City of SD, D&K Engineering, Broadcom and many more
Read up on their backgrounds on the Committee page of our website
Stage: Post idea phase with working prototype/demo. Typically pre-seed to pre-series A
Market/Customers: Size, growth, presence of competitors, clarity of market focus, market need/acceptance. Initial customer conversations/LOIs
Technology/Product: Innovativeness, business model, competitive advantage, IP
Team: More than 1FT Founder. Domain and/or startup experience, ability to attract full management team, BOD, BOA, etc.
Financials: Ability to support yourself during the program, time to revenue, ability to attract capital.
EVALUATION CRITERIA
EVONEXUS PROGRAM EXPECTATIONSTeams (especially CEO) will be present full time in the space for the duration of the program
Transparency: we can’t help what we don’t know about.
Participation in mentorship and educational opportunities.
Be prepared for meetings with EvoNexus mentors/volunteers and team.
Application
Scoring
Face to Face
DueDiligence
COMPANY SELECTION
EVONEXUS VETTING PROCESS
Step 1: Applications Received
Startups apply online via WizeHive (online platform)
Once applications close, all applications dispersed amongst committee
Application
APPLICATION PROCESS
Step 2: Scoring
Applications scored by EvoNexus Selection Committee
Score based on: Market, Technology/Product/Service, Team, Financials
Committee chooses who to bring in for a face to face presentation
Scoring
APPLICATION PROCESS
APPLICATION PROCESS
Step 3: Face to Face Presentations
Startups present to the EvoNexus Selection Committee
Committee votes on whether or not to move a company to Due Diligence
If moving to Due Diligence, Committee members with expertise in your industry are assigned to conduct diligence
Face to Face
APPLICATION PROCESS
Step 4: Due Diligence
Due Diligence Checklist and projected milestones completed by startup
Face to Face meeting between startup, diligence leads and Portfolio Manager
DueDiligence
APPLICATION PROCESS
Step 5: Company Selection
Due Diligence findings are reported to the EvoNexus Committee and a vote is taken
The following is also determined:• Location• Milestones while incubating• Sustainability/ graduation milestone• Potential mentors
COMPANY SELECTION
TIPS TO APPLYComplete the application!
Be Transparent: what problems are you solving, what your technology will do, revenue model and funding plan.
Succinct and Concise: we want to understand everything, but make sure you get to the point.
Don’t lie, we’ll find out. Be honest about head count, progress of technology, funding situation, etc.
Differentiation: make sure we understand how you are different – include something like a comparative matrix.
Submit the videos! The content matters, the video quality does not.
APPLICATIONS OPEN
AUGUST 1-31ST
Questions?