SVLink FAQs

Answers to some frequently asked questions regarding SVLink

Q. Is there space still available in SVLink for startups?
A. 
No, at this time we are fully subscribed. Please submit an expression of interest to be considered for future space availability.

Q. I currently don't have any UC affiliation. Can I become UC affiliated?
A. Yes, your company can have UC affiliation by adding a Board Member or an Officer (VP or higher) who is a current UCSC student (undergraduate or graduate programs only), faculty, full-time staff, post doc, visiting scholar or alumnus. Affiliation can be established through anyone who has control over the startup (e.g. a UC professor serving as the Chief Scientific Officer of your startup). Read the SVLink program description for details.

Q. Do I have to be UC-affiliated to apply?
A. Yes, the program is open only to UC-affiliated startups at this time.

Q. Where is the startup space located?
A. The SVLink space is located inside the new and modern UCSC Silicon Valley Campus building at 3175 Bowers Avenue, Santa Clara, California. It is in the heart of Silicon Valley.

Q: I already have an office. I don’t need additional office space. Is it necessary to move my office to Santa Clara?
A: No. You can keep your current office wherever it is and sign up for a workstation that you could use as a “Silicon Valley" branch office. You are not required to use your SVLink space on a regular basis; it will be available to you as you need it during your membership period. All of the accelerator program events are streamed live over video conferencing so you can join remotely. Keep in mind, however, that your membership gives you access to multiple conference rooms and facilities at the UCSC Silicon Valley Campus, which come handy for meetings with investors and other business partners.

Q. What is the relationship between SVLink and U First Capital?
A. U First Capital is the official Accelerator Service provider for SVLink.

Q. I need funding. How do you help with that?
A. As part of the SVLink Accelerator Program, U First Capital will connect you to targeted investors based on your company stage and focus area. U First Capital is connected to a wide network of angel investors, seed investors, and venture capital firms. They also work with large corporations looking for strategic investment opportunities and a strong industry advisory board consisting of several executives from Fortune 500 corporations. See ufirstcapital.com for more information about U First Capital.

Q. Can foreign startups apply?
A. Yes but they have to pay for their membership costs in cash. Foreign companies are not permitted to roll their SVLink costs into a convertible note, even if they are affiliated with UC. Your startup has to be incorporated in one of the 50 US states to take advantage of the the convertible note option. In any case, incorporating a startup in the US is a fast process (1 week) and costs less than $1,000.

Q. What is the term of the program?
A. It is a one year program.

Q. Do you follow a cohort system (three months or so)?
A. No. This program is for 1 year. We believe that three months is too short of a time period to make a meaningful impact on the startup.

Q. After one year, can my term be extended?
A. Extensions will be considered based on space availability and the startup’s needs.

Q: What stage of startups are you focusing on?
A: We are stage-agnostic but most of the startups that have applied so far are pre-Series A.

Q. I am too late for an accelerator. Are you a fit for me?
A. Our accelerator is not typical, as it caters to all stages of a startup. Some of the SVLink members companies have already raised $5M -$10M (i.e. post-Series A).

Q. Do startups get conference room access?
A. Yes, it is one of the included SVLink member benefits. There are multiple conference rooms available for use in the UCSC Silicon Valley Campus.

Q: What are the terms of the convertible promissory note payable to UCSC?
A. The Note has a 3-year term with 10% interest rate. The principal amount on the Note includes rent, accelerator fee advance (if any), and a pooled-risk fee. At the option of UCSC, it may be converted into equity along with a qualified financing at a 20% price discount.