SCET Announces New Partnership with Sumeru Ventures, Strengthening its Global Network
The Sutardja Center for Entrepreneurship &
Technology (SCET) in the College of Engineering at the University of
California, Berkeley is pleased to announce its latest partnership with Sumeru
Ventures, a next generation global technology fund based in Los Angeles,
California. Through this new partnership, the SCET will have the opportunity to
continue to expand its global reach, and to empower more entrepreneurs with
world-class innovation training developed at Berkeley.
“We are very excited about the new partnership
with Sumeru Ventures,” says Susan Giesecke, director of global engagement for
SCET, “Through this relationship, we will not only be able to empower the
entrepreneurs at Sumeru and reach many more people around the world with our
programs, but our entrepreneurs here in Berkeley will have a new way to access
capital and enter global markets.”
Sumeru Ventures will be a partner for SCET’s Global
Partners Program, which currently includes universities and
innovation hubs in Europe, Asia, and South America. Through the program, the
SCET has been able to reach thousands of budding entrepreneurs with its
renowned Berkeley Method of Entrepreneurship approach
to learning innovation, a method which focuses on helping innovators learn to
create new ventures through experiential learning and by understanding how
their mindsets and behaviors can improve their ability to innovate.
Sumeru Ventures has a $1 billion fund, which
brings along with it an expert team spread across the globe, who will support
the startups emerging from SCET’s X-Labs throughout seed, venture and growth
stage. Sumeru Ventures has partnered with leaders and advisors from various industries
who are on a mission to serve the world by solving big problems and will be
providing entrepreneurs market access to 150+ countries via their extensive
network.
The fund’s vision is to back daring
entrepreneurs working on emerging technologies like artificial intelligence,
machine learning, blockchain and visual collaboration to take the human race to
new peaks of advancements. It is seeking companies that are capturing emerging
markets and have the capability of carving a niche in multiple verticals like
healthcare, energy, telecom, finance, education, governance and security &
surveillance.
Through its partnership with the Art of Living
Foundation, Sumeru Ventures also has expertise to offer support to help
entrepreneurs with their mental and spiritual health so that they can reach
their full potential.
As a partner of Sutardja Center, Sumeru Ventures will be setting up the new Sumeru Ventures Initiative in India, which is currently home to 7700 technology startups, with 1200 just added in 2018. The initiative will bring multiple courses and programs using the principles of the Berkeley Method of Entrepreneurship (BMoE) and Berkeley Method of Innovation (BMoI). These programs will create the right toolboxes and techniques to develop entrepreneurs and talent to meet demand in the technology industry. The initiative will also serve as a bridge between east and west, helping to connect technological advancements and growing economies.
The joint vision of this partnership is to
bring about a positive change in the whole startup ecosystem by encouraging
knowledge sharing, creating global talent and by approaching the big problems
of tomorrow in a very cohesive and supportive environment.
SCET is excited announce this partnership with
expectations that it will accelerate the pace of change of innovation at the
university and global level.
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