Pear is partnering again with UC Berkeley to provide members of the university’s exceptional entrepreneurial community an opportunity to receive up to $250,000 in funding while becoming part of the Pear portfolio.
To qualify, one member of each founding team must be either enrolled currently as a full time student, or be an alumnus of a degree granting program from UC Berkeley. The winning team will receive up to $250,000 in seed funding, become part of our community, and have access to our network, resources, and “hacker studio” in downtown Palo Alto.
Learn More and APPLY NOW! Deadline to apply is Wednesday, February 15, 2017.
Pear will invest up to $250k in the company via equity seed financing for 5%. Pear will also designate 10% of our ownership back to UC Berkeley! Winning companies will have the chance to work very closely with the Pear investment team – this includes scheduled regular with the Pear team, regular office hours and access to an extended network. The full list of Pear’s operating partners can be seen here. Founders will also have the opportunity to attend exclusive events, including intimate fireside chats with iconic visionaries – these have previously included the likes of John Doerr, Mark Pincus, Jerry Yang and more. The winner will get access to founder resources worth over $50K! These resources include, free credits, discounts, and educational materials (e.g. AWS credits, free legal hours, and much more)! You also have the option to work out of Pear’s hacker space in Palo Alto for an initial period of 9 months.
Previous Challenge Winners: 2015 – DOT-DASH-PAY – an IoT payments platform that makes it easy for machine makers to connect their machines to the future of commerce. DotDashPay was created because its founders were determined to help businesses and their employees focus on providing amazing purchase experiences. Dot-Dash-Pay has since received follow on financing from top tier VC firms, including Khosla Ventures! Read more about their award here.
Deadline to apply is Sunday, January 15, 2017.