City Council expands R&D grant tax exemptions for Berkeley startups

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November 2024


BERKELEY STARTUP CLUSTER HIGHLIGHTS


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

Last night, Berkeley City Council unanimously voted to approve Mayor Jesse Arreguin's recommendation to update Berkeley Municipal Code Section 9.04.165 to exempt the taxation of business gross receipts relating to philanthropic and government research and development (R&D) grants in the public interest. Councilmembers Humbert (District 8) and Tregub (District 4) co-sponsored the item. The update will be meaningful for early-stage startups as they file for their annual business license renewals, as renewal fees are calculated based on annual gross receipts. The waiver opportunity will also allow the full value of government and philanthropic R&D grants to be used to develop climate solutions, healthcare treatments and other technologies to address the world's greatest environmental and social challenges.

See the Council item regarding R&D grant tax waivers or watch the recording of the Nov 12. Council discussion on this topic (starting almost 2 hours into the meeting) when it is posted later this week .



EVENTS


AI: Unlocking the Power of ChatGPT

ai

TODAY, Wednesday, November 13, 12:00-1:00 pm
Zoom

Wondering how to integrate free AI tools into your daily business tasks? Join the Berkeley Chamber's free virtual class and learn to leverage ChatGPT for your business writing and communication needs! 

Register to attend.


Getting a Berkeley Business License: Your Questions Answered

bl

THIS FRIDAY, November 15, 9:00-10:00 am
Zoom

Starting a new business? Opening a new location? Taking over an existing business? Learn the steps required to get a Berkeley business license and how to avoid common mistakes in the application process.

Join the Berkeley Chamber and City of Berkeley staff to ask questions about the process in a friendly, non-regulatory setting.

Register to attend.


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

berkeley chamber

Thursday, November 21, 5:00-7:00 pm
The BreakRoom Bar & Billiards
2121 Center St. Suite C, Berkeley

Join the Berkeley Chamber for a special night in Downtown Berkeley to unwind after your long workday. Mingle with fellow Berkeley Chamber members while enjoying refreshing beverages, complimentary delicious snacks, and an opportunity to challenge Chamber staff to a round of pool!

Register to attend.


Save the Date: Screening of Show Her the Money

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Thursday, January 23, 2025, 4:30-7:30 pm

Please save the date for the screening of Show Her the Money presented by the Women Entrepreneurs of Berkeley, Berkeley SkyDeck and the Berkeley Startup Cluster.

Look out for more event information in our next newsletter.


RESOURCES & OPPORTUNITIES


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

Application deadline: THIS FRIDAY, November 15
course on December 2, 4 & 10

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 11/15.


Submit your Big Idea!

big ideas

Due: Wednesday, 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.

 UC Berkeley students can apply here.


Weigh in on Zoning Changes to Keep Innovation in Berkeley

Staff recs for July 17 Planning Commission PH

Tuesday, December 3, 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. 21.)


BERKELEY INNOVATORS MAKING NEWS


PivotBio named to MIT's 2024 Climate Tech Companies to Watch List

pivot bio

Congrats to Pivot Bio for being recognized by MIT Technology Review for developing a climate-friendly fertilizer. They are harnessing microbes to deliver a usable form of nitrogen directly to the roots of crops, reducing farmers' reliance on synthetic fertilizers and the corresponding environmental pollution.

Read more on MIT Technology Review.


HOPO Therapeutics Awarded Up to $226 Million from BARDA

hopo

Incubated at Bakar Labs, HOPO Therapeutics, Inc. announced a contract award valued at up to $226 million from the Biomedical Advanced Research and Development Authority (BARDA), part of the Administration for Strategic Preparedness and Response within the U.S. Department of Health and Human Services. The initial award of approximately $9.4 million will fund toxicology and pharmacology studies, manufacturing activities, and nonclinical research to address heavy metal poisoning.

Read more on GlobeNewswire.


AI mining startup Kobold Metals raises $491 million

kobold metals

Kobold Metals, a Berkeley-headquartered minerals exploration startup using AI to unearth new deposits of lithium and copper, has raised $491 million of its targeted $527 million funding round.

KoBold is backed by billionaire heavyweights Bill GatesJack Ma and Jeff Bezos, as well as some giants in growth venture. Andreessen Horowitz and T. Rowe Price co-led its last round.

Read more from PitchBook.


Novel Farms and Friends & Family Pet Food Company Partner

Novel Farms logo

Novel Farms and Friends & Family Pet Food Company are collaborating to co-develop cultivated meat for pets. Their target market is the San Francisco Bay Area and they have already begun engaging with the Food and Drug Administration’s Center for Veterinary Medicine (CVM) to get their product to market. 

Read more on Green Queen.


City of Berkeley Recognized for Efforts to Help Small Business

Thanks to East Bay Economic Development Alliance for highlighting the Berkeley Startup Cluster in their recent write up in The San Francisco Business Times focusing on how the City of Berkeley and the City of Emeryville are supporting local-serving businesses and innovative startups. 

Read more in The San Francisco Business Times.


Berkeley to lead ‘Innovation Hub’ helping turn basic research into innovative businesses

UC Berkeley will lead an 'Innovation Hub', in conjunction with partners at eight public universities. Made possible by the awarding of a $15 million grant from the U.S. National Science Foundation, this hub will help those with cutting-edge discoveries access regional trainings and new instructors.

Read more in the Berkeley News.


Deep Fission is taking its reactors underground

deep fission

Deep Fission, led by father-daughter team, Richard and Elizabeth Muller, has raised $4 million in a pre-seed funding round to build a small nuclear reactor just 30 inches wide and lower it into a mile-deep drill shaft. The approach could sidestep the immense costs and safety concerns that have long plagued traditional nuclear power.

Read more on ZME Science.


Keep in Touch

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