EvoNexus Joins with ViaSat to Accelerate Economic Growth in Southern California

SAN DIEGO, Feb. 24, 2015 /PRNewswire-USNewswire/ -- Since launching in October 2009 EvoNexus™ has admitted 81 companies in its incubator. Of these, 71 are still active, over $594M in venture funding and outcomes have been secured, and 9 companies have been acquired. EvoNexus has become the leading startup technology incubator in Southern California. Its partnership with Irvine Company and the Irvine Company's emerging company initiative called the The Vine has been important in EvoNexus' success.

EvoNexus has two strategic funding partners that have been integral in EvoNexus' success, as well, and now EvoNexus is adding a third strategic funding partner: ViaSat@EvoNexus.

As an innovator in wireless and other digital communication products, ViaSat is particularly interested in startups in the area of connected services, telecommunications technology, and cyber security.

"We've built ViaSat by inventing new ways to solve tough technical challenges, so we're always looking for ways to further the growth of our region as a hub for technical innovation. We look forward to working with EvoNexus to help startups with expertise, resources, and access to our markets and technologies," said Steve Hart Co-Founder and Vice President Chief Technical Officer at ViaSat.

ViaSat@EvoNexus will combine the global reach and support of ViaSat with EvoNexus' successful tech incubator. The program will help promote opportunities for further technology development in the San Diego area, and companies admitted into ViaSat@EvoNexus will receive access to mentors, opportunities to collaborate closely with ViaSat, and be considering for funding from ViaSat.

"ViaSat is an anchor technology company with a history of innovation in satellite and other wireless technologies used by the military, enterprises, and consumers," said Rory Moore, CEO of EvoNexus. ViaSat@EvoNexus extends the company's support and domain knowledge in technologies such as Big Data, high power semiconductors, and cyber security awareness within San Diego. Like Qualcomm, ViaSat has become an important part of the region's technology fabric and believes in reinvesting into the local entrepreneurial community.

ViaSat@EvoNexus
ViaSat is a Carlsbad, California-based public company that produces innovative satellite and other digital communication products that enable fast, secure, and efficient communications to any location. The company brings today's new communication applications to people out of reach of terrestrial networks, in both the commercial and government sectors, with a variety of networking products and services.

For more information, visit https://www.viasat.com/.

About EvoNexus
EvoNexus is a technology incubator for Southern California's startup community with locations in San Diego and Irvine that does not require companies to surrender equity. EvoNexus empowers motivated entrepreneurs to turn their transformative ideas into fundable, commercially viable companies, and leverages community resources to provide what entrepreneurs need to be successful.

For more information, visit http://www.evonexus.org and enjoy our very informative and short video about our tech incubator shown on the EvoNexus home page above.

Media Contacts:
Michele Yoshioka
858-886-6277
[email protected]
Director of Programs & Operations, San Diego & Irvine

Kristen Long
858-768-5056
[email protected]
Sr. Program Manager, San Diego

SOURCE EvoNexus