EvoNexus, the startup incubator with an office in La Jolla, recently announced the addition of six executives to its board of directors.
Lauren Kelly, the Irvine Co.'s chief marketing officer; Bridget Kimball, Intuit's chief architect; Eddy Ortiz, Royal Bank of Canada's vice president of innovation and solution acceleration; Go Maruyama, Murata's vice president of strategic planning; Stephen Li, Huawei's vice president of technology planning and cooperation; and Ivo Bolsens, Xilinx's chief technology officer, joined, bringing the total number of board members to 40.
Startups accepted into the EvoNexus program receive access to coworking facilities and access to resources such as industry connections and capital. EvoNexus, a nonprofit organization, previously took nothing in exchange. But this year, in a bid to ensure long-term sustainability, EvoNexus began requiring that companies that join its incubator program give 1 percent to 5 percent equity stake in exchange for participation.
A number of corporations provide financial backing for EvoNexus' activities, including the Irvine Co., which provides it with office space in La Jolla and in Irvine.
EvoNexus CEO Rory Moore said in the news release about the new directors that the startups in the EvoNexus portfolio benefit from its connections with the companies at which its board members work.
Reach reporter Sarah de Crescenzo at firstname.lastname@example.org.