Monday, August 19, 2019

EvoNexus Deadline Approaches On Friday

Startups in the Internet-of-Things (IoT), analytics, and security areas looking to join the EvoNexus startup incubator, need to submit their applications by Friday, August 23rd, according to the startup incubator. The group said that it is looking for startups aiming at such areas as artificial intelligence and machine learning, cybersecurity, mobile payments, insurance technology, edge computing, and other areas for its next class, which is being sponsored by Franklin Templeton and RBC (Royal Bank of Canada), the latest group of startups being helped through the startup process by the group in San Diego and Orange County. EvoNexus charges 1% of common shares for its incubator, and does not charge any fees during the incubation of companies--which can be as long as two years. According to EvoNexus, companies that have participated in its earlier programs last year raised $226M in funding, and so far, it has seen six exits out of its participants worth over $800M.

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