San Diego’s EvoNexus Incubator Selects First Gaggle of Fledgling Startups
EvoNexus, the non-profit incubator launched in San Diego three months ago, has selected its inaugural group of new technology companies to be hatched.
Cathy Pucher, the incubator’s executive director, tells me the first clutch of startups getting support from EvoNexus were culled from about 45 applicants. The contenders came from a surprisingly diverse number of industries, including software, cleantech, wireless health, semiconductor, communications, and other technologies. “We really didn’t know how many applications or what kind of applications we would get,” Pucher says. Most of the applications came from “brand new” startups, she adds, including several started by individuals who had taken early retirement offers or had been laid off in the recession.
EvoNexus, which plans to move by the end of this month into commercial office space recently vacated by San Diego-based Leap Wireless (NASDAQ: LEAP), also has begun reviewing its second round of applications. (More on that below). Pucher says the three startups are:
—San Diego-based Medipacs is commercializing non-mechanical intravenous infusion technology that uses polymer pumps instead of electric motors and pump mechanisms. The company is initially targeting delivery of pain medications and already has developed wearable, programmable, and disposable infusion technology. It is looking for wireless industry expertise to add remote monitoring capabilities (and expand into the wireless health market).
CEO Mark McWilliams has extensive experience in the medical devices industry and in early stage companies. He has worked previously at Beckman Coulter, Q3DM, and Baxter Healthcare.
—IO Semiconductor is a fabless semiconductor startup that is focused on applying new technologies to RF (radio frequency) devices for the cellular industry. “They don’t give out a lot of detail about what they’re doing because … Next Page »