Discover Your Island

David Fonseca

Outstanding Islanders

Photo of David Fonseca

A Business Innovator

David Fonseca, Incubator Manager at the Coastal Bend Business Innovation Center at Texas A&M University–Corpus Christi, learned the value of hard work, honesty, and entrepreneurship at the age of 10, when his parents sold all they had to start their own business.

“The first time I heard the concept of an Innovation Center and a Business Incubator, I fell in love with it,” said Fonseca. “Coming from an entrepreneurial family, I knew the potential of learning from early stage companies was huge.”

Born and raised in Bogota, Colombia, Fonseca was fortunate to graduate from the best private high school in the country, St. George’s School, where he learned French, English, and Spanish. He chose to attend the Island University because of the outstanding reputation of its College of Business.

Fonseca graduated with a Bachelor of Business Administration in Finance in 2010. Upon graduation, became a Graduate Assistant while receiving a scholarship to cover his Master of Business Administration tuition. He graduated with his bachelor’s and master’s degrees in Business Administration from Texas A&M-Corpus Christi within four years while working 40 hours a week.

“The hardest part was balancing work with personal life,” said Fonseca. “My family, country, and that fire of wanting to make a difference were my inspiration.”

Fonseca began his professional growth as a volunteer at the Innovation Center in 2009. In the last four years, Fonseca has assisted more than 120 companies to help them accelerate their process to deliver innovative products and services. Through his work as a liaison between clients, the Island University, funding agencies, and local and state governments, the Innovation Center’s clients have reported 642 full-time, induced, and indirect, jobs; raised more than $3.7 million in equity; and generated revenues of more than 4.9 million in 2014.

“The next step would be to be able to replicate and license this model to other business incubators and innovation centers in the United States and around the globe,” said Fonseca. “The whole point is to be able to impact as many entrepreneurs with innovative ideas as we can.”