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EvoNexus Gets Bank, Investment Firm Backing for Fintech Incubator

Xconomy

Two financial firms are betting on a nonprofit incubator program in San Diego in hopes of identifying top talent and potential targets for investment or acquisition. The incubator, EvoNexus , said this week that Royal Bank of Canada, Canada’s largest bank, and Franklin Templeton (NYSE: BEN ), a U.S.

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EvoNexus to Close Downtown Incubator, Consolidate in University City

Xconomy

EvoNexus, San Diego’s nonprofit tech incubator established seven years ago, is closing its downtown offices and consolidating its operations in a newly revamped space in University City, a suburban neighborhood about 13 miles to the north. He characterized the consolidation, set for Nov. 1, as a prudent move to manage costs.

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Agtech Startup GroGuru Gets Audience Kudos at EvoNexus Demo Day

Xconomy

Three wildly different startups among those incubating at EvoNexus, a La Jolla, CA-based nonprofit organization that supports early-stage tech companies, earned top marks from the audience at a pitch contest this week. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

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Approved Opens for Business with $1M and Digital Mortgage Platform

Xconomy

Following a six-month trial of its digital mortgage platform, San Diego-based Approved has officially launched its Web-based software for home loan applications. Sadhal and Taylor (pictured above) founded Approved in August 2015, and moved into the San Diego tech incubator.

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VelosBio Emerges with $58M in Funding to Steer Cancer Drugs to Clinic

Xconomy

VelosBio joined Johnson & Johnson’s JLABS @ San Diego incubator in January. The new VelosBio cash, a Series A round of financing, was led by Arix Bioscience (LSE: ARIX ) and Sofinnova Ventures. The company is developing antibody drug conjugates, a class of cancer drug that links antibodies to potent cancer-fighting toxins.

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Biomed Incubator Watershed Develops Tech for IDing Medical Devices

Xconomy

San Antonio — A biomedical product developer, Watershed Idea Foundry, has created a method of identifying medical devices that have been implanted in the body that uses 3-D printing and its own software.

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New Bootstrap Fund Pulls Itself Up in World of Health IT Deals

Xconomy

Healthtech entrepreneur Parker Hinshaw and his wife Jean Balgrosky said they intended to take a step back when they founded Bootstrap Incubation near San Diego in the fall of 2012. They came to San Diego in 1996, when Scripps Health hired Balgrosky as CIO and senior vice president. Jean Balgrosky.