Chancellor Lyons launches UC-wide venture fund to support startup investment

The Finance and Capital Strategies Committee of the University of California convened on March 17, 2025, to discuss the establishment of a new venture fund aimed at supporting startups across the UC system, particularly those at Berkeley. The meeting focused on the operationalization of the fund, potential funding amounts, and strategies for sourcing investments.

The committee began by addressing the need for a minimum gift amount to effectively launch the fund, with estimates ranging from $900,000 to $1 million. Members expressed optimism that an average investment of $10 million to $20 million would allow for significant operational capabilities. The fund is envisioned as an "evergreen" resource, with contributions expected to fluctuate based on economic conditions.

A key point of discussion was the fund's potential to invest not only in Berkeley startups but also in ventures from other UC campuses, such as UCLA and UC Santa Cruz. This broader investment strategy aims to enhance collaboration across the UC system and support smaller campuses that may lack the resources to develop their own funding initiatives.

Committee members highlighted the importance of creating awareness about the fund and its benefits. They emphasized the need for a strategic approach to engage with other campuses and philanthropic partners to maximize the fund's impact. One member shared personal experiences as an entrepreneur, underscoring the critical role that access to capital can play in the growth of startups.

The committee concluded with a unanimous vote to approve the establishment of the fund, reflecting strong support for the initiative. Members expressed excitement about the potential for this venture fund to serve as a model for other campuses and to foster innovation within the UC system. The committee looks forward to updates on the fund's progress and its contributions to the entrepreneurial ecosystem across the university.