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InterDigital and EvoNexus Partner to Promote Innovation and Entrepreneurship in Southern California

WILMINGTON, Del., June 3, 2015 (GLOBE NEWSWIRE) -- InterDigital (Nasdaq:IDCC), a mobile technology research and development company, will combine its expertise and support with EvoNexus' successful pro bono tech incubator to form InterDigital@EvoNexus and become a strategic funding partner.

As a strategic funding partner of EvoNexus, InterDigital is looking to build high-value relationships with innovative startups and entrepreneurs in their strategic areas of interest. Upon admittance into InterDigital@EvoNexus, startups will gain access to mentorship, resources, and possible funding from InterDigital. This is the 4th strategic funding partnership secured by EvoNexus.

InterDigital is a leader in designing and developing technologies that are at the core of mobile devices, networks, and global services, and is particularly interested in startups in the area of IoT, next generation networks, and digital media.

"We built InterDigital by being a pioneer in mobile technology and global wireless standards, and we partnered with EvoNexus because we believe they are a pioneer in the tech startup incubator space," said Jim Nolan, Executive Vice President, InterDigital Solutions, at InterDigital. "Southern California is becoming a hub of technology and innovation with EvoNexus at the forefront, so it's ideal for InterDigital to be involved with the incubator at a strategic level."

Prior to becoming a strategic funding partner, InterDigital was involved with EvoNexus' MarketLink program. Through this program, InterDigital gained access to innovative startup companies from around the globe.

"InterDigital is looking for entrepreneurs with innovative technology, and partnering with EvoNexus is an efficient and timely way for them to get access to those ideas," said Rory Moore, CEO of EvoNexus.

About InterDigital®

InterDigital develops technologies that are at the core of mobile devices, networks, and services worldwide. We solve many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

About EvoNexus

EvoNexus is a technology incubator for Southern California's startup community with locations in San Diego and Irvine that does not require companies to surrender equity. EvoNexus empowers motivated entrepreneurs to turn their transformative ideas into fundable, commercially viable companies, and leverages community resources to provide what entrepreneurs need to be successful.

For more information, visit http://www.evonexus.org and enjoy our very informative and short video about our tech incubator shown on the EvoNexus home page above.

CONTACT: EvoNexus Media Contacts: Michele Yoshioka Director of Programs & Operations, San Diego & Irvine Email: myoshioka@evonexus.org +1 (858) 886-6277 Kristen Long Sr. Program Manager, San Diego Email: klong@evonexus.org +1 (858) 768-5056 InterDigital Contact: Patrick Van de Wille Email: patrick.vandewille@interdigital.com +1 (858) 210-4814

Source:InterDigital, Inc.