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Survey finds UC Berkeley is the top school for funded spinouts – by far


By Jesse Schwartz
Published: June 19th, 2019

A recent survey by Crunchbase has ranked the University of California-Berkeley (UCB) the top school in the world for tech start-ups that attract early-stage funding.

According to the survey, 240 start-up founders from UCB raised at least $1 million by the time they graduated. That’s as many as UCLA, the University of Michigan, the University of Illinois, and the University of Washington combined.

“One of the things I was struck by [at Berkeley] was the vastly heightened level of interest in entrepreneurship,” says the university’s chancellor Carol Christ. “The campus community has responded to this shift by institutionalizing support for innovation and entrepreneurship on and near our campus. We’ve been investing in start-up resources such as our incubator SkyDeck, CITRIS Foundry, the Venture Lab and classes dedicated to teaching entrepreneurship.”

Randy Katz, Berkeley’s vice chancellor of research, is tasked with bringing together all the components of start-up development — innovation, funding, research, compliance and outreach to industry — to create an environment where entrepreneurial students and faculty can thrive and succeed.

On the ranking by Crunchbase, Katz comments, “that Berkeley has been recognized in this way is extremely significant. You have to understand where Berkeley was 10 years ago. We had great science and engineering, but where Stanford had helped spin out Silicon Valley, we didn’t have much of a reputation in that area…. But as this study shows, in the last 10 years, Berkeley has become a world player.”

Source: Berkely News

Posted under: Tech Transfer e-News

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