Technology Incubator Transforming Startup Landscape
Interview with Rory Moore and Retired Vice Admiral Walter Davis, the Co-Founders of Pro Bono Technology Incubator EvoNexus
“It’s fine to celebrate success but it is more important to heed the lessons of failure.” — Bill Gates
In this interview with Rory Moore and retired Vice Admiral Walter Davis, who are the co-founders of EvoNexus, a pro-bono technology incubator in Southern California, we discuss the genesis of EvoNexus and their vision for the future. In the era of for-profit incubators and accelerators, EvoNexus is unique.
Rory Moore was a co-founder of Peregrine Semiconductor, now owned by Mirata, and Silicon Wave, which is now owned by Qualcomm. Rory was also a co-founder of e-Fire.com, Georg!a Now and Optical River. In 2009 Rory founded a pro-bono technology incubator called EvoNexus with Vice Admiral Walter Davis, a board member of CommNexus. The entire organization has now been rebranded as EvoNexus due to the success of the incubator. Rory continues to make Angel investments in technology, and is a graduate of the University of Michigan.
Retired Vice Admiral Walter Davis was the Director of Space systems, Information Warfare systems, Command and Control Systems, and Modeling and Simulation for the United States Navy, where he directed a $3.5B IT budget. He is a former VP for Business Development at GDE Systems, which is now part of BAE Systems. He was a Navy fighter pilot, Aircraft Carrier Commanding Officer, and Battle Group Commander. He has served in numerous Navy engineering positions including Navy Engineer for the F-14 and Naval Warfare IT Architect. He was also a co-founder of E-fire. He is a graduate of Ohio State University with a degree in Electrical Engineering.
Rory and Admiral Davis are two of the most dedicated, hard working and visionary people that I know. What they have built in EvoNexus is transformational in San Diego and greater Southern California. Since its inception in 2010, EvoNexus has admitted 120 companies out of 1,240 applications. They are currently incubating 52 companies in three locations. EvoNexus portfolio companies have had $947 million is fundings and outcomes, and there have been 16 portfolio companies that have been acquired.
I hope you find this interview informative, fun, and inspirational. What is your experience with startup incubators and accelerators?
This is Patrick Henry, the CEO of QuestFusion, with The Real Deal…What Matters.
This article originally appeared in The Consulting Masters.