Purpose is to accelerate the growth of early-stage ventures affiliated with UC Berkeley that have a minimum viable product and some measurable validation with the singular goal of preparing new ventures to be investor-ready. A total prize amount of $15,000 will be shared among the top two or three teams during a 2.5-month program that includes workspace, access to a broad network of advisors and mentors (with the possibility of a match), and a vibrant community of entrepreneurs.
Competition
MIT $500K Lemelson-MIT Prize
The Lemelson-MIT Prize is awarded to outstanding mid-career inventors (either individual or pair), who have developed a patented product or
