Here’s a novel idea we had not previously uncovered. The University of California Berkeley is sending seven start-ups that graduated from its Berkeley SkyDeck incubator to the state’s capital city – Sacramento.
Under the agreement announced in late December, the “first-of-its-kind municipal partnership” will involve seven companies that will work with the Sacramento Urban Technology Lab to connect with potential customers and business partners in the city’s public and private sectors. Companies will also be introduced to the local workforce and get support to navigate the area’s regulation approvals.
The partnership was made possible in part by a 2017 act of the California legislature that allocated $22 million in state funds to accelerate innovation and entrepreneurship in the UC system. The policy has since supported more than 500 new start-ups and existing companies and helped launch at least 47 new products.
Read more about the Sacramento component of the initiative here.