Another startup accelerator has launched and finally one where its HQ is in the Bay Area.
Berkeley Ventures seems to follow the mold of Y Combinator and Techstars which is helpful for a good segment of entrepreneurs.
They will seed an idea with $5,000 to $10,000 and take 3% to 9% of the company. More from their site:
Berkeley Ventures is an accelerator which helps serious entrepreneurs bring their innovations to the world. We are focused on helping startups in sectors including, but not limited to, internet, software, mobile, clean energy, and gaming. We offer access to mentors and advisers, introductions to investors, incubator space, connections to local talent/resources, and a year round program to help these companies grow.
We are currently accepting applications for companies that are seeking mentorship and seed funding.