The SkyDeck Berkeley Acceleration Method is a 6-month acceleration process for promising startups in any vertical who are affiliated with UC Berkeley, UCSF, Lawrence Berkeley Lab, or Global Founders.
Between 15 and 20 selected Cohort teams receive a $100K investment for the equivalent of 5% equity at a $2 million cap SAFE note from The Berkeley SkyDeck Fund. Cohort teams participate in mandatory sessions, are matched with a Lead Advisor, have designated work space at SkyDeck, present at Demo Day, and meet additional requirements geared for their success over the June 2018 – November 2018 Fall Cohort Session.
Between 60 and 80 selected Hot Desk teams have access to many of the same resources as Cohort teams, excluding the guaranteed fund investment and aspects of the mentorship program. The Berkeley SkyDeck Fund has the option of investing in all Hot Desk teams who raise an institutional round up to 10% of that round at the same terms as the other investors.
SkyDeck Cohort and SkyDeck Hot Desk teams receive access to: 115+ SkyAdvisors, weekly roundtables, workshops, and events, space to work at SkyDeck (HotDesk do not have designated space but may work in open areas), and $250K+ in-kind legal, financial, and tech resources from SkyDeck Resource Partners! SkyDeck has a suite of dedicated business development resources connecting startups to customers in every industry, using our industry partner network and the Berkeley Alumni Network of 500,000 living alums.