Applications Open Mon, Jan 18th – Mon, Feb 22nd
Interviews March 15th – April 15th
Orientation Mon, Apr 26, 2021
Term Period October 26, 2020 – April 7, 2021
Demo Day Tues, Sept 28, 2021
Fall 2020 Application Timeline
APPLY NOWWhat makes our accelerator special?
What makes our accelerator special?
Two programs for the stage of your startup
Berkeley SkyDeck segments its program into the Cohort Program (Accelerator) and
the HotDesk Program (Incubator). We host over 120 startups per year. We accept startups in all industries.
Cohort
Program
ACCELERATOR
Roughly twenty Cohort startups are selected every six months to receive a $105,000 investment from the Berkeley SkyDeck Fund.
Cohort startups are selected if they’re almost ready to raise their first significant round of institutional funding from top Silicon Valley VCs; most successful applicants have already raised angel funding, or previous venture capital investments from VCs outside of the United States.
Companies who have graduated from the SkyDeck program have a much higher probability of receiving institutional funding than the industry average.
Cohort startups are paired with Key Advisors, go through the six-month BAM Program, attend weekly required events, and receive guided access to the SkyDeck community. Startups present at SkyDeck’s 600+ attendee Demo Day.
SkyDeck works hand-in-hand to help Cohort companies with:
- Product Strategy: defining/refining the product design and go-to-market for a capital-efficient growth strategy with meaningful competitive moats
- Team-building: identifying and recommending key candidates for advisory boards and early hires
- Customer Introductions: using the UC Berkeley alumni network, SkyDeck can make introductions to influencers and key buyers in just about any industry in Silicon Valley
Global Innovation Partner Program
ACCELERATOR
Global Innovation Partners of SkyDeck (GIP) can send several startups to be accelerated for a three month period. SkyDeck welcomes GIP startups from various industries and across different funding stages. Most GIP teams are interested in international expansion beyond their home country.
SkyDeck provides GIP teams with access to informative workshops, networking events, advising office hours with industry experts, and a showcase event with 100+ attendees, among which include investors, advisors, and mentors. By the time GIP teams finish the program they report feeling significantly more confident with launching internationally and a network to do so.
GIP teams are granted dedicated workspace on SkyDeck’s third floor and have access to all of SkyDeck’s facilities. SkyDeck’s Global Innovation Partner manager works with the companies to facilitate custom programming tailored towards their goals.
SkyDeck’s current Global Innovation Partners include GungHo Space in China, National Applied Research Laboratories in Taiwan, and Milano Innovation District in Italy.
HotDesk
Program
INCUBATOR
HotDesk startups are typically companies that are too early stage for the cohort program, or are founded by students or faculty.
They are invited to work in the open work areas and to attend some workshops and events at SkyDeck, depending on availability.
HotDesk startups have access to a portion of our advisors as well as the in-kind resources offered by our resource partners. Graduates of the Cohort program are invited to HotDesk for six-months post-graduation.
The Berkeley SkyDeck Fund may elect to participate in qualifying seed rounds raised by HotDesk teams.
Hotdesk applicants are required to have at least one founder connection to one of the ten University of California campuses, such as Alumni, Professor, Student, Grad Student, or Researcher.
Specialized Tracks
Bio Track
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Chip Track
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Aero Track
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Berkeley Acceleration Method
BAM is SkyDeck’s proprietary, six-month program to accelerate startups for strength and successin Silicon Valley. The goal is to fully prepare startups to raise their first round of investment from Silicon Valley VCs. It is a practical, experience-based program designed by serial entrepreneurs, VCs, and thought leaders informed by the discipline of entrepreneurship at UC Berkeley.
The BAM program includes expert-led workshops in six critical practice areas, mutual matching to key Advisors, 1:1 office hours with experts, customer introductions through the UC Berkeley community, and curated introductions to hundreds of Seed / A round Silicon Valley investors looking to lead $2-10mm rounds in high-growth startups.
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Startups are funded by the Berkeley SkyDeck Fund.
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A place to work and connect
Berkeley SkyDeck – Penthouse
Downtown San Francisco
Berkeley SkyDeck – Third Floor
UC Berkeley Campus
Frequently
Asked
Questions
SkyDeck is industry-agnostic and accepts applications from companies across all industries. We accept startups founded by individuals affiliated with UC Berkeley, any of the University of California campuses, or the Lawrence Berkeley National Lab. This includes all undergraduate and graduate students, staff, alumni, researchers, visiting scholars, and faculty are all welcome. Your startup’s affiliated team members can be founders, employees, or advisors.
Founders with startups located outside the US are also eligible to apply to SkyDeck. You do not need affiliation with UC Berkeley or one of the UC campuses if your startup is located outside the US.
The Berkeley SkyDeck Fund invests up to $105,000 into companies accepted into the six month SkyDeck Cohort Program. 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. This is offered via a standard SAFE note, without a discount, and a $2M cap. This accelerator funding can help you make your first outside hires, finish your product, test your go-to market strategy… and so much more.
The Fund will also invest up to 10% of your first institutional funding round, helping accelerate your fundraising process even more.
No! Berkeley SkyDeck is a program of the University of California, Berkeley – there are no additional tuition costs.
We offer expertise in both business building and fundraising.
Our advisor network includes highly experienced Silicon Valley veterans who can offer tremendous guidance in finding product/market fit, building your team, and going to market. We are an official UC Berkeley program, and Berkeley has the largest alumni network in Silicon Valley. We can help you tap into that alumni network effectively.
From a fundraising point of view, Berkeley SkyDeck is backed by top industry investors and VCs from Silicon Valley and beyond. They work with us to identify their top targets for future investments. We also have hundreds of seed and angel investors who attend our Demo Days in hopes of finding the next moonshot startup. We have also brought in numerous international and corporate investors who are at SkyDeck to evaluate the potential of your product, and help you interface with other markets world-wide where you might have potential.
We also love deep science founders. As a member company here, you can access UC Berkeley lab facilities including QB3 Stanley Hall, LBNL Molecular Foundry, Nanofabrication Lab, Biomolecular Nanotechnology Center, and so much more. And we have lots of expertise ranging from SBIR to IP licensing that we’ll happily share.
And finally, remember that a portion of the gains from the Berkeley SkyDeck Fund’s investment in your company will go back to the University. If you succeed, you will also be helping the next generation of UC Berkeley entrepreneurs succeed!
We are open to applicants from all sectors, ranging from consumer, to enterprise, to IT, to digital health, to the hardest problems in science. However, keep in mind our goal is to nurture and grow investable companies that can raise money from venture capital or corporate partners after graduation.
Our accelerator program is here to help founders successfully develop their business and raise money from the best institutional VC investors at the best valuations possible. If your company is ready to raise institutional funds within the next six months (with our support), then you are a fit for SkyDeck.
Every company situation is different, but within the next six months you should be able to either show significant revenues, or achieve major product milestones. Here are some questions you can ask yourself as you consider the process (and these are the same questions we will ask as we evaluate the application):
- Can I deliver a minimally viable product within the next six months with $105,000 in funding?
- Is my core team able to working on this full time over the next six months?
- Are all aspects of the business supported by competent, skilled co-founders?
- Have I identified who my customer is? Do I know who has buying authority, how much they can pay?
- Do I know the size of my potential market in 1 year, 3 years, 10 years?
- Who are my potential competitors, current and future? What advantages do I have over them?
- What resources or introductions could SkyDeck make, and can these help my business model succeed?
Absolutely. Some companies won’t need the $105,000 in accelerator funding offered by the Berkeley SkyDeck Fund. We encourage you to apply into our “HotDesk” program. The “HotDesk” program offers you many of the same resources that our full cohort companies offer, including access to campus facilities, SkyDeck events, and when appropriate, presenting at Demo Day.
And you are eligible to receive investment from Berkeley SkyDeck Fund of up to 10% in an institutional round that you raise after joining SkyDeck.
The Berkeley SkyDeck Fund, for legal reasons, has its own investment review process. The SkyDeck review process is carefully designed to select teams that should be eligible for investment. The $105k in funding is further divided up into two tranches: $50k immediately upon entry into SkyDeck, and $55k more at the “midterm” point for achieving basic milestones in terms of business development.
Companies who have previously been through the program before funding was offered are able to apply again, and will be evaluated on the same basis as all other applicants.
10. CAN I ATTEND ANOTHER PROGRAM OR ACCELERATOR AT THE SAME TIME I AM IN THE SKYDECK COHORT PROGRAM?
Yes, as long as your startup’s primary residence is SkyDeck and your team attends all required events and meets deadlines for updates, as well as meetings with your Lead Advisor. Sometimes startups attend both SkyDeck and other campus programs such as The Foundry.
Have more questions? Contact us directly and we’ll get back to you.