EvoNexus™ is the business incubator of CommNexus™, a leading non-profit high-tech trade organization based in San Diego. Their mission is to stimulate the growth of new high technology companies in our region.

EvoNexus is San Diego’s only community-supported, fully pro-bono technology incubator. They provide full services – furnished office space, domain experts and mentors, and the opportunity to leverage our wide network of business and VC contacts – to start-up companies striving to achieve sustainability. And unlike many other incubators, they provide these services entirely free of charge. The incubator companies are under no financial or IP-related obligation to EvoNexus when they graduate.

EvoNexus statistics to date:

• $55M in total venture funding raised by companies.
• 6 successful graduations to date.
• 250+ jobs created.

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Join SDVG as we hear what makes a winning CEO in a venture-backed company. What are the key characteristics between those who get it done and those who fall short? Do you have what it takes to raise capital and find a profitable exit?

Tina Nova and Drew Senyei from Enterprise Partners will talk about Tina’s experiences building Genoptix from start-up to successful exit.

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Fourth quarter totals better than a year ago

Venture capital flowing into San Diego’s young companies ticked up in the fourth quarter, with information technology firms making gains in funding.

Two reports released today showed San Diego startups ending the year on a high note. The Money Tree report from PricewaterhouseCoopers and the National Venture Capital Association pegged fourth-quarter venture capital funding in the county at $269 million in 23 companies — up from $225 million in 32 companies in the same period of 2010.

The Dow Jones Venture Source report, which is affiliated with Ernst & Young, had higher fourth-quarter venture capital totals for San Diego at $377.5 million in 18 deals. The difference is linked mostly to the timing of when certain investments are reported.

Though the reports had different funding totals, they pinpointed similar trends for venture capital funding this year.

Read the rest of the article here.