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Berkeley SkyDeck

SkyDeck Berkeley's startup accelerator offering funding, mentorship, and resources to early-stage companies across various sectors.

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About

Berkeley SkyDeck operates as the official startup accelerator for UC Berkeley, nurturing early-stage companies. It offers a comprehensive program that includes mentorship from a vast network of advisors, facilitates customer introductions with corporate partners, and provides specialized workshops through the Berkeley Acceleration Method (BAM). The accelerator supports startups across various industries, offering distinct tracks and programs tailored to different stages of company development, from early-idea incubation to the full accelerator experience.

Established in 2012, Berkeley SkyDeck emerged from a collaborative effort between UC Berkeley’s Haas School of Business, College of Engineering, and the Office of the Vice Chancellor for Research. This partnership aimed to formalize and amplify the university's entrepreneurial ecosystem, leveraging its deep academic and research strengths. Caroline Winnett serves as its Executive Director, steering its strategic direction and expansion, alongside the involvement of individuals like Chon Tang who leads the associated investment fund.

SkyDeck primarily serves founders within the UC Berkeley ecosystem:students, alumni, and faculty:along with other promising startups globally. Its core mission is to empower these entrepreneurs to transform scientific and technical discoveries into market-ready ventures. By connecting startups with capital, expertise, and the extensive Berkeley network, SkyDeck envisions fostering a diverse and impactful entrepreneurial landscape, driving innovation and creating new businesses that contribute to economic growth.

Financial History

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Leadership Team

Key people at Berkeley SkyDeck.

Frequently Asked Questions

What is Berkeley SkyDeck's unique funding and investment model?

Berkeley SkyDeck operates through a dedicated Berkeley SkyDeck Fund, which has $85 million under management. This fund invests $200,000 into each startup participating in the SkyDeck Accelerator Program, typically in exchange for 5% equity from the highest-level cohort startups. Uniquely, the fund shares one-half of its profits with UC Berkeley to support the university's educational mission, and is backed by prominent investors such as Sequoia Capital, Sierra Ventures, and Canvas Ventures.

What are the different programs offered by Berkeley SkyDeck and for whom are they designed?

Berkeley SkyDeck offers several programs tailored to different startup stages. The flagship Accelerator Program is a 6-month program for approximately 20 selected startups, each receiving a $200,000 investment. Pad-13 serves as an incubator for early-stage startups, even at the idea stage with 1-2 founders, requiring at least one founder to be affiliated with the University of California. Additionally, the Innovation Partners Program (IPP) offers a 3-month acceleration for startups sent by industry partners, and HotDesk provides early-stage startups with access to workshops and events.

What support and resources does Berkeley SkyDeck provide to startups in its programs?

SkyDeck provides extensive support including mentorship from over 900 advisors, and workshops based on the Berkeley Acceleration Method (BAM). Startups also benefit from customer development initiatives, gaining introductions to hundreds of businesses and executives within the vast Berkeley alumni network. Furthermore, the accelerator offers specialized tracks designed to provide unique expertise for deeply technical startups across various industries.

What is Berkeley SkyDeck's track record and impact on startup success?

Since its inception in 2012, startups from Berkeley SkyDeck have collectively raised over $2.7 billion in funding. The program has also seen 17 exits through acquisitions, demonstrating a strong track record of success. Notable alumni companies include the unicorn transportation company Lime and the autonomous food-delivery service Kiwi Campus.

How does Berkeley SkyDeck promote diversity, equity, and inclusion within its programs?

Berkeley SkyDeck actively promotes diversity, equity, and inclusion (DEI) through a dedicated committee launched in 2018. This initiative has significantly increased the representation of startups founded by female and historically-overlooked founders. The program provides equitable access to resources and offers specific support, including more than six workshops tailored to female founders focusing on networking and pitch coaching.