CommNexus Forms Non-Profit to Support Innovative Start-up Companies and Entrepreneurs in Communications and Communications Convergence
San Diego, CA (PRWEB) June 17, 2009 -- CommNexus and Leap Wireless, International, Inc., the parent company of Cricket Communications, Inc., a leading provider of unlimited wireless services, today announce their support for EvoNexus, a non-profit incubator dedicated to helping San Diego start-ups in the communications and communications convergence industries evolve into sustainable and vital companies.
Operating as a sister organization to San Diego communications industry group CommNexus, EvoNexus is designed to create a center of excellence for entrepreneurs starting companies dealing with communications and communications convergence such as wireless-life sciences and wireless smart grid. EvoNexus will house up to 10 start-up companies for up to 24 months in an "incubator" facility. Participating companies will be provided office space, access to tools and equipment, utilities, education and mentoring from industry professionals while they are part of the program. Upon graduation from the incubator, companies will be under no obligations to EvoNexus, financial or otherwise.
"San Diego needs this," said Rory Moore, CEO of CommNexus. "Some of our best and brightest can't find jobs. Our start-ups are struggling to get local access to funding. EvoNexus is a rallying point for our community to be proactive towards developing successful companies irrespective of the challenges we face."
As a part of their founding sponsorship, Leap Wireless will be donating Sorrento Valley facilities space for the incubator companies. EvoNexus will be fully funded and operated through in-kind and monetary donations.
"As a company that values innovation and operations with an entrepreneurial spirit, we are pleased to have the opportunity to foster that culture in new companies joining the San Diego business community," said Doug Hutcheson, president and CEO of Leap Wireless.
"EvoNexus would not be possible without the support of sponsors like Leap Wireless," said Cathy Pucher, executive director of EvoNexus. "It is this kind of contribution that will enable the start-ups we incubate to become viable companies that contribute jobs and economic growth to the San Diego economy."
Entrepreneurs who are interested in being a part of the EvoNexus incubator should apply online at www.commnexus.org/incubator/. Applicant companies will be judged based on development plan, target market, domain expertise, willingness to participate in entrepreneurial education programs, and other criteria as listed on the website.
Applications are due by midnight on Thursday June 24 in order to be considered for initial selection into the incubator. Applicants not selected for the first round will continue to be reviewed on a periodic basis for subsequent selection.
EvoNexus is an incubator for early stage communications and communications convergence companies in the San Diego area. The brainchild of San Diego communications industry group, CommNexus, EvoNexus intends to provide mentoring, education, facilities, utilities and other services for start-up companies before they have achieved sustainability through revenues or private funding. Unlike many other incubators, EvoNexus participant companies will be under no financial or IP-licensing related obligations to EvoNexus when they graduate from the incubator. EvoNexus's mission is to serve not only the companies accepted into the incubator, but also to serve and educate the San Diego communications and communications convergence community at large. EvoNexus is a California non-profit public benefit corporation being established as a supporting organization to CommNexus. It is supported through financial and in kind donations and is in the process of applying for its 501(c)(3) non-profit status.
CommNexus San Diego, formerly the San Diego Telecom Council, is a non-profit network of communications industry companies, defense industry companies, service providers, professional trade organizations, and local government. By introducing both national and international markets to the emerging technologies in our region, CommNexus positions San Diego as a world center for innovation in communications technology. Our core programs and on-line services, which include over 50 networking and technical events per year, funding & business development assistance to more than 100 companies annually, and an award-winning website & on-line portal, have formed a vast communications community in the San Diego region that is constantly growing.
Leap provides innovative, high-value wireless services to a fast-growing, young and ethnically diverse customer base. With the value of unlimited wireless services as the foundation of its business, Leap pioneered its Cricket service. The Company and its joint ventures now operate in 32 states and hold licenses in 35 of the top 50 U.S. markets. Through its affordable, flat-rate service plans, Cricket offers customers a choice of unlimited voice, text, data and mobile Web services. Headquartered in San Diego, Calif., Leap is traded on the NASDAQ Global Select Market under the ticker symbol "LEAP." For more information, please visit www.leapwireless.com.
Leap is a U.S. registered trademark and the Leap logo is a trademark of Leap. Cricket, Jump, the Cricket "K" and Flex Bucket are U.S. registered trademarks of Cricket. In addition, the following are trademarks or service marks of Cricket: Cricket By Week, Cricket Choice, Cricket Connect, Cricket Nation and Cricket PAYGo. All other trademarks are the property of their respective owners.
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