Stages:

• Seed

 

Industries:

Information Technology

Life Sciences & Healthcare

Media & Digital Media

Software & Internet

 

Description:

As UC Berkeley's official startup accelerator, SkyDeck is a joint program of the UC Berkeley Haas School of Business, the College of Engineering, and the Office of the Vice Chancellor for Research. SkyDeck combines the hands-on mentorship of traditional accelerators with the vast resources of its research university. This robust partnership is coupled with SkyDeck's unique accelerator method to create a powerful environment for startups. The Berkeley SkyDeck Fund offers a unique value proposition: bringing venture capital money to invest in startups that Berkeley SkyDeck chooses. Berkeley SkyDeck accelerator is the leading accelerator for high-tech, deep-science startups drawn from the UC Berkeley ecosystem. The Spring 2018 SkyDeck cohort teams were the first SkyTeams to receive fund investments: a $100,000 cash investment per team in exchange for a 5 percent equity stake in their startups. The Berkeley SkyDeck Fund closed its first investment with an oversubscribed round of $24 million, including investments from Sequoia Capital and Mayfair Venture Capital. The Berkeley SkyDeck Fund invests up to $105,000 into companies accepted into the six month SkyDeck Cohort Program and up to 10% of your first institutional funding round. The $105,000 investment is divided into two tranches: $50,000 immediately upon acceptance, and $55,000 after passing your midterm 3-months into the program. SkyDeck hosts over 120 startups per year.