EvoNexus, a non-profit incubator for technology startups, is seeking applicants for its 16th class of companies, offering rent-free space and knowledgeable mentoring in downtown San Diego.
The incubator was founded in 2009 by the technology trade group CommNexus and has since helped develop 83 companies, 73 of which are still operating. A notable graduate is EcoATM, which was acquired for $350 million in July.
EvoNexus will take up to 25 companies in its next group. The application period opened this week and ends Feb. 28. Startups can begin an application online.
The target applicant is a startup trying to solve a significant business problem with a unique technology solution.
“We admit about one in ten and we have a pretty rigorous process,” said Director of Programs and Operations Michele Yoshioka, adding that companies benefit from a strong network of mentors and sources of capital. “We don’t just put companies in here and never see them again; we are very hands on” she said.
Open houses are scheduled for Feb. 2 and Feb. 18, from 5 p.m. to 7 p.m. on both days, so applicants can learn more.
EvoNexus also has smaller incubator sites in University City and near UC Irvine in Orange County.