Qualcomm Labs and EvoNexus, the CommNexus San Diego incubator for startup companies in the high-tech sector, has announced their collaboration for a Qualcomm Labs’ sponsored incubator program.
Qualcomm Labs, Qualcomm’s internal incubator, is expanding its reach by working with EvoNexus, community-backed business incubator, to establish a program within called QualcommLabs@EvoNexus.
“Qualcomm has been an active partner with CommNexus since 1998, and our new relationship with Qualcomm Labs takes EvoNexus’ unique, community-supported incubator model to an entirely new level," said Rory Moore, CEO, CommNexus. "With EvoNexus’ proven results, we are confident we can work with Qualcomm, a world leader in technology innovation, to help build new companies here in San Diego that will transform the local economy and energize the entire region.”
This new incubator program will be located in EvoNexus’ Downtown and La Jolla offices. EvoNexus has already graduated six companies and raised a total of $82 million in venture funding since inception. Working alongside each other, Qualcomm Labs and EvoNexus will provide start-up tech companies the opportunity to transform ideas into businesses and products that answer the technology needs of the future.
Qualcomm Labs and EvoNexus are inviting companies to apply for participation in the program via a call for submissions, which opens today, May 22, 2012, and will close on July 3, 2012.