SVLink will offer up to 27 companies access to funding, training and office space at the Silicon Valley Campus in Saint Clara.
University of California, Santa Cruz (UC Santa Cruz) launched a new startup incubator called SVLink today that will offer access to capital, office space and 12 months of business training.
SVLink is funded by a Californian state grant and will be managed by the Office of Industry Alliances and Technology Commercialization (IATC), UC Santa Cruz’s tech transfer office. It will host up to 27 companies at UC Santa Cruz’s Silicon Valley Campus in Santa Clara.
IATC will begin accepting applications on March 15.
All businesses can apply; however, precedence will be given to UC Santa Cruz-linked companies and then other University of California-affiliated businesses. Startups must accept a three-year promissory note to cover their office rent.
Participants connected with UC Santa Cruz will also be eligible for a $10,000 loan to cover the costs of training. Loans worth $3,000 and $5,000 respectively will be available to UC-linked entrepreneurs and UC-linked entrepreneurs for underrepresented groups.
Mohamed Abousalem, assistant vice-chancellor for research, industry alliances and tech at UC Santa Cruz’s Office of Research, said: “Helping innovative research ideas and technologies created at the University of California reach the public is part of our mission as a public university.”
