Wednesday, June 4, 2014

EvoNexus Launches Incubator Effort With Cisco

Startup entrepreneurs in San Diego have yet more resources at the EvoNexus startup incubator, after EvoNexus and Cisco said that they will be launching a new, joint incubation program called CiscoEIR@EvoNexus. According to the two, the new program is aimed at helping promote further technology development in the San Diego Area, by connecting early stage, business-to-business startups with Cisco and its partners. The two said that Cisco will help provide financial support, use of co-working space, access to mentors, and more. The two did not say how much Cisco is investing in the program or how much it will invest in those companies. EvoNexus--whichi s run by CommNexus--said so far, companies out of its incubator have raiesd over $541M in funding; the incubator says it currently has 31 companies in incubation and 29 graduates.

---