exempting R&D grants from taxes

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Berkeley Startup Cluster Logo

October 2024


BERKELEY STARTUP CLUSTER HIGHLIGHTS


Berkeley City Council to Amend Tax Exemption for R&D Grants to Support Startups & Innovation

Tuesday, October 15, 6:00pm

Next Tuesday, Mayor Jesse Arreguin's recommendation to update Berkeley Municipal Code Section 9.04.165 to exempt the taxation of business gross receipts relating to government research and development (R&D) grants in the public interest will be on the City Council agenda. For many early-stage startups, government or philanthropic grants are the primary (if not only) source of funding to create technologies that mitigate the harmful effects of climate change, treat deadly diseases, or otherwise address the world's greatest environmental and social challenges.

See the proposed amendments to the rules regarding R&D grant tax waivers on the Oct. 15 Council meeting agenda. To share your feedback on this topic before the meeting, write to council@berkeleyca.gov.


Inspire Berkeley High students for careers in STEM

Valitor STEM CareerX

Do you work at a Berkeley startup? Want to inspire the next generation and build a diverse local STEM workforce?

The Berkeley Startup Cluster seeks “STEM CareerX” tour hosts willing to show Berkeley High School students how their STEM skills could apply in the workplace.

Organized by the Institute for STEM Education at Cal State East Bay and sponsored by the City of Berkeley Office of Economic Development and Berkeley Startup Cluster, tours usually last a few hours and include a presentation about the business, a demo, and some interactive STEM or career mapping activities.

STEM companies of all sizes and industry sectors welcome to participate.

To host or learn more, contact us. Or find other ways your company can contribute to equitable development locally on the Berkeley Ventures, Berkeley Values webpage.


UC Berkeley Has Hundreds of Aspiring Student Entrepreneurs and Startup Founders

SCET Entrepreneurship Mixer

More than 475 entrepreneurial Cal students signed up to attend a UC Berkeley Entrepreneurial mixer on Sept. 16, the largest ever! Many great opportunities for founders (and aspiring founders) were shared, including the Sutardja Center's Certificate in Entrepreneurship & Technology, Big Ideas Contest, CITRIS Workforce Innovation Program, Berkeley Changemaker program, and resources for growing a business in Berkeley from the City of Berkeley Office of Economic Development and Berkeley Startup Cluster.

Access resources and information for startups in real time (or post your own) on the Berkeley Startup Cluster page on LinkedIn.


At Biocom's Meet in the Inspector Workshop, life science leaders learn about local regulations

Meet the Inspector 2024

Biocom CA hosted an informative "Meet the Inspector" workshop on Sept.10 for life science industry leaders at Foundry 31, one of West Berkeley's state-of-the-art R&D facilities. Participants learned the rules and were able to ask questions of local regulatory agency staff, including the City of Berkeley's Fire and Toxics Departments.

Learn more about Biocom CA and request the slides.


EVENTS


Network at the Berkeley Chamber's 'Business After Hours'

Chamber October-2024

Thursday, October 17, 4:30-6:30pm
Study Hall Rooftop Lounge
2121 Center St., 12th floor, Berkeley

Join the Berkeley Chamber for a special night in Downtown Berkeley to unwind after your long workday. Mingle with other business leaders while enjoying refreshing beverages, delicious snacks, and a sweeping view of the Bay Area from the Study Hall Rooftop Lounge at Residence Inn Berkeley.

Register to attend here.

 


RESOURCES & OPPORTUNITIES


Refine your value proposition and identify target customers with I-Corps

Application deadline: October 11
course on October 28 & 30, November 4

The Bay Area National Science Foundation (NSF)-I Corps at UC Berkeley is a free remote one-week course based on Steve Blank's Lean LaunchPad. The three evening sessions teach you to identify your top customer segment, refine your value propositions, and accelerate finding product-market fit.

Apply by 10/11.


Bring Research to Market with Activate

Applications due: October 23

activate

Activate transforms scientists and engineers into founders, empowering them to reinvent the world by bringing their research to market. Activate Fellows get two years of funding, technical resources, and unparalleled support from a network of scientists, engineers, investors, commercial partners, and fellow entrepreneurs, including many from the Berkeley Lab. In fact, Activate fellows broke $2.4B in total follow-on funding in 2024!

Apply before 10/23.


Support game-changing innovators with Big Ideas

big ideas

Apply to be a mentor or judge by October 15

Big Ideas student applicants must submit a 3-4 page pre-proposal by November 20, 2024

This year's Big Ideas Contest has launched and will support the game-changing innovations students develop, whether it's improving access to quality healthcare, eliminating plastic waste, or designing sustainable energy solutions.  Open to UC Berkeley students in any major or discipline, Big Ideas provides mentorship, training, networks and funding.

If you are an experienced startup founder, tech-entrepreneur or social sector leader looking to support the next generation of game-changing innovations and entrepreneurial leaders, join UC Berkeley's Big Ideas Contest as a judge or mentor to get a first-hand look at the top social ventures being launched by talented Cal students. 

Learn more about the Big Ideas program, judge and mentor requirements and apply by October 15 or inquire by email.

Do you have questions or want to discuss a Big Idea? DM @bigideascontest on Instagram or schedule 1:1 advising appointment


Nominate a company for an East Bay Innovation Award

Nominations due Friday, November 1
(12th annual ceremony to be held at the Oakland Scottish Rite Center on March 27, 2025)

East Bay Innovation Awards 2025

The nomination period is now open for the 2025 East Bay Innovation Awards. Nominate East Bay companies and organizations across categories that include: Catalyst, Community Impact, Manufacturing, and Product or Technology.

Contact iawards@eastbayeda.org with any questions you have on the process and nominate a Berkeley company today!


Weigh in on Zoning Changes to Keep Innovation in Berkeley

Staff recs for July 17 Planning Commission PH

Tuesday, November 12, 6:00 PM

Want a lab or workshop closer to campus? Seeking to grow your business in Berkeley? Share your views on local zoning rules impacting Research & Development (R&D) companies when City of Berkeley staff present recommendations on ways to Keep Innovation in Berkeley to City Council. The proposed changes would make it easier for R&D to take place in commercial corridors near campus and lessen the restrictions on where biotech businesses can locate in West Berkeley.

To stay informed on this topic, contact OED. (The full staff report will be on the Council meeting agenda webpage by Nov. 1.)


Downtown Berkeley office building available for purchase

Colliers 1936 University

At 1936 University Ave, The Promenade, a boutique 3-Story multi-tenant office building with a 120-stall parking garage is on sale.  One of the few ‘Off-Campus’ Berkeley buildings which satisfies challenging UC seismic occupancy requirements, the 43,193 SF building is within walking distance to UC Berkeley, BART & Downtown Berkeley retail and amenities.

Contact Colliers for a tour or learn more at www.The-Promenade.com.


BERKELEY INNOVATORS MAKING NEWS


UC Berkeley ranked No. 1 for generating startup founders, companies and female entrepreneurs

UC Berkeley graduates have founded more venture-backed companies than undergraduate alumni from any other university in the world, according to the 2024 PitchBook university rankings. Berkeley took the top spot for the number of undergraduate alumni who have founded companies in addition to ranking first for female graduates who started businesses, female-founded companies and the amount of capital raised by women.

Read more in the UC Berkeley News.


Bezos-backed AI mining startup Kobold Metals nears $527M raise

Kobold logo cropped.png

Kobold Metals, a minerals exploration startup using AI to unearth new deposits of lithium and copper, has raised $491 million of its targeted $527 million funding round.  According to PitchBook data, this will be one of the largest climate-tech rounds of the year.

Read more from Pitchbook.


Deep Fission Wants to Bury Nuclear Reactors a Mile Underground

Deep Fission, a Berkeley startup led by a father-daughter team, Richard and Elizabeth Muller, has raised $4 million in a pre-seed funding round to pursue the simple yet groundbreaking idea to build a small nuclear reactor and lower it into a mile-deep drill shaft. This approach could sidestep the immense costs and safety concerns that have long plagued traditional nuclear power.

Read more in ZME Science.


Twelve Announces $645 Million in Funding Led by TPG

Twelve logo

Berkeley startup Twelve received $645 million in funding including $400 million in project equity led by TPG Rise Climate, $200 million in Series C financing, and an additional $45 million in credit facilities from leading funders in the renewable energy sector. One of the largest financing rounds to date in the e-fuels space, the funds will help their efforts to turn carbon dioxide into sustainable aviation fuel.

Read more on the TPG website.


Pivot Bio and its nitrogen-delivering microbes are a 2024 Climate Tech Company to Watch

Pivot_Bio_logo

The biotech company, Pivot Bio, is using genetically edited microbes to deliver a usable form of nitrogen directly to the roots of crops, reducing the amount of synthetic fertilizer farmers need to use and the pollution that comes with it. Their product cuts climate emissions without reducing agricultural yields, and the company’s products were applied to 5 million acres last year.

Explore the 2024 list of 15 Climate Tech Companies to Watch in the MIT Technology Review.


Modi, Biden forge pact to set up a semiconductor fab unit

Berkeley SkyDeck-HQed semiconductor company, 3rdiTech, has entered a strategic technology partnership with the U.S. Space Force and Bharat Semi to support the development of a new semiconductor fabrication plant focused on advanced sensing, communication, and power electronics for national security, next generation telecommunications, and green energy applications

Read more from the White House about President Biden and India's Prime Minister Modi's agreement to expand the two countries' Comprehensive and Global Strategic Partnership.


SkyDeck Demo Day for Batch 18

skydeck logo

The Berkeley SkyDeck's Batch 18 Demo Day on Oct. 1, 2024 was the accelerator's largest ever, with 1,400 people registered, including more than 500 who attended in-person. Around half of the startups that pitched are in the artificial intelligence space. Other sectors represented included climate, agriculture, materials, biotech and quantum computing.

View the startups that participated or read more in The San Francisco Business Times.


UC Berkeley Chancellor Rich Lyons and Berkeley Mayor Jesse Arreguín Welcome Students

Berkeley Mayor Jesse Arreguín and UC Berkeley's 12th chancellor Richard Lyons mention the Berkeley Startup Cluster, Berkeley Ventures, Berkeley Values initiative, and City of Berkeley's work to “Keep Innovation in Berkeley” in their welcoming words to new and returning students at the beginning of the school year. They also mention many of the city's other impressive innovation assets, including Bakar BioEnginuity Hub and SkyDeck.

See what else they had to say in their welcome address in The Daily Cal.


UC Berkeley's Sky Computing Lab chalks up another success

Letta, a new generative AI startup spun out of UC Berkeley's Sky Computing Lab , emerged from stealth with a $10 million seed funding round led by Felicis with participation from Sunflower Capital and Essence VC.

Read more in TechCrunch.


Keep in Touch

To submit information or questions about Berkeley Startup Cluster contact: oedmailbox@berkeleyca.gov