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 substantial 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. 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.