Review on EvoNexus by David Olayide
EvoNexus Can Change The Future Of Technology
EvoNexus, is a company that serves as an incubator for startup companies in all technology sectors. The company focuses on delivering aid to entrepreneurs who have innovative ideas and helping them to build commercially viable companies and enterprises. EvoNexus accomplishes this through a provision of various programs with particular target and focus. These programs vary in length, type and duration.
These programs are structured in such a way that startups can easily build up their teams and also begin to develop their viable products. They help startups to gain access to and secure capital, customers, partners and, a refined market too. EvoNexus is basically a nonprofit organization, so they require a 1% equity from each startup. This fee along with any other funding from sponsors, is used to run the nonprofit organization and support the innovation community in California.
Currently, EvoNexus partners with several service providers and organizations in order to provide resources at a discount, to their portfolio companies. This move helps to minimize the cost of operations expenses. EvoNexus operates for southern California’s startup and entrepreneurial community with it’s locations based in both San Diego and Irvine.
I can say without a doubt upon closer observation, that the company has an impressive track record of success as over 85% of their portfolio companies have actually secured funding from venture capitalists. EvoNexus has formed strategic partnerships with specific corporations that are interested in investing in the latest technology.
To further aid startups EvoNexus also offers items such as the Pitch Scrub to help refine your pitches. This is done through the use of educational workshops and pitch practice. Their success board as at today, states 176 startups incubated successfully, $2 billion in total funding and outcomes and about 64% secured funding. Honestly I gotta say that with a project like EvoNexus, and its potentials up for grabs, the future of technology looks bright.
Pros
- Successful mobilization of start ups
- Carefully structured to host commercially enterprises
- EvoNexus is partnered with credible organizations
- Start ups can proceed with their plans because EvoNexus has simplified the whole process
- Focused mainly on the technology sector
Cons
- EvoNexus should consider expanding to other sectors and geographical regions
