Berkeley SkyDeck: Difference between revisions - Wikipedia

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== Program ==

[[Startup_company|Startup companies]] join the Berkeley SkyDeck accelerator for six months (one university semester).<ref name="Legatt2019">{{cite news |last1=Legatt |first1=Aviva |title=5 Amazing College Incubators |url=https://www.forbes.com/sites/avivalegatt/2019/01/07/launch-your-startup-at-these-five-college-incubators/#5075a1ba4a77 |accessdate=27 April 2020 |agency=Forbes Media, LLC |publisherwork=Forbes |date=January 7, 2019}}</ref> Startups accepted into the highest level cohort track receive $50,000 when they join, and $50,000 three months in--a total of $100,000 to use to build their businesses.<ref name="Legatt2019" /> In exchange, SkyDeck takes a five percent [[Equity_(finance)|equity]] in each cohort startup.<ref name="Said2018">{{cite news |last1=Said |first1=Carolyn |title=UC Berkeley startup accelerator gets a boost from venture fund |url=https://www.sfchronicle.com/business/article/UC-Berkeley-startup-accelerator-gets-a-boost-from-13156216.php |accessdate=27 April 2020 |agency=Hearst |publisher=San Francisco Chronicle |date=August 15, 2018}}</ref>

The six-month SkyDeck term finishes with a demo day where startups in the SkyDeck cohort present to hundreds of investors, seeking [[Venture_capital_financing|venture capital financing]].<ref name="Rinker2019">{{cite news |last1=Rinker |first1=Brian |title=UC Berkeley's prestigious startup accelerator opens applications |url=https://www.bizjournals.com/sanfrancisco/news/2019/12/05/uc-berkeleys-prestigious-startup-accelerator-opens.html |accessdate=27 April 2020 |agency=American City Business Journal |publisher=San Francisco Business Times |date=December 5, 2019}}</ref><ref name="Sawers2020">{{cite news |last1=Sawers |first1=Paul |title=Startup accelerators forge ahead with new virtual programs |url=https://venturebeat.com/2020/04/01/startup-accelerators-forge-ahead-with-new-virtual-programs/ |accessdate=27 April 2020 |publisher=VentureBeat |date=April 1, 2020}}</ref>

SkyDeck alumni startups include [[Unicorn_(finance)|unicorn]] [[Lime_(transportation_company)|Lime]], a [[Transport|transportation]] company with [[Motorized_scooter|motorized scooters]], [[Electric_bicycle|electric bikes]], and [[Carsharing|carsharing]], and [[Kiwi_Campus|Kiwi Campus]], a [[Food_delivery|food-delivery]] service using [[Autonomous_robot|autonomous robots]].<ref name="Clark2018">{{cite news |last1=Clark |first1=Kate |title=20 startups take center stage at Berkeley SkyDeck’sSkyDeck's demo day |url=https://techcrunch.com/2018/11/07/20-startups-take-center-stage-at-berkeley-skydecks-demo-day/ |accessdate=7 July 2020 |agency=Verizon Media |publisher=TechCrunch |date=November 12, 2018}}</ref><ref name="Knox2019">{{cite news |last1=Knox |first1=Liam |title=Food-Delivery Robots Are the Next Big Thing for Campus Dining. No, They Don’tDon't Accept Tips. |url=https://www.chronicle.com/article/Food-Delivery-Robots-Are-the/246491 |accessdate=27 April 2020 |agency=The Chronicle of Higher Education |date=June 13, 2019}}</ref>

== Berkeley SkyDeck Fund ==