UC Berkeley ranked first in the number of venture-funded startups founded by its undergraduate graduates. Published in 2023 PitchBook University Rankings monday
Berkeley undergraduate founders have created more companies than undergraduate founders from any other university in the world.
PitchBook, a data provider for private and public equity markets, annually ranks the world’s top universities for startup founders. While PitchBook 2023 data shows that Berkeley undergraduates have created the most startups, its overall ranking is based only on how many students and alumni — from private and public schools around the world — are founders of companies that have received first-round venture funding. in the last 10 years.
In PitchBook’s overall ranking this year, Berkeley is the top public university for founding startup founders for the sixth year in a row. Berkeley remained no. 2 among both private and public schools, with Stanford University at the top spot.
in 2023 the competition was so close that Berkeley had only two less founders than Stanford. The competition was also evident in data provided by PitchBook on the number of companies created by undergraduate founders at both schools.
Berkeley had eight more companies than Stanford, 1,305 companies compared to 1,297. Last year, PitchBook data showed Berkeley trailing Stanford by five companies.
The number one ranking for the number of companies is “not surprising,” said Rich Lyons, Berkeley’s head of innovation and entrepreneurship.
“From an already strong base, Berkeley’s ecosystem for helping founders build quality companies has accelerated dramatically. over the past 20 years,” he said. “And we expect continued growth in the coming years.”
Rounding out the overall PitchBook top five are Harvard University with 1,205 undergraduate founders, the University of Pennsylvania (1,083), Massachusetts Institute of Technology (1,079) and Cornell University (856).
Other UC campuses in the Top 100 included UC San Diego, UC Davis, UC Santa Barbara and UC Irvine.
Undergraduate and graduate rankings are based on an analysis of more than 150,000 companies and their founders.
Regarding the number of female founders in public and private schools, Ranked #2 in Berkeley by PitchBookwith 217 female founders with bachelor’s degrees and 6th among founders of graduate programs (153).
Berkeley finished 5th overall founders from its study programs (1 105). Berkeley founders created 906 companies from graduate programs; fifth largest of all universities.
Lyons said that Berkeley’s startup culture since a. enjoyed a huge tailwind in 2021 UC Regents Report that detailed ways to promote entrepreneurship throughout the UC system. The strategies included a focus on faculty innovation and entrepreneurship in the tenure and promotion process.
Berkeley’s intellectual breadth and depth — it consistently has more top-10 departments than any other university in the U.S. — Lyons said. computer science, AI, machine learning and data science.
“The bottom line is that Berkeley’s values of questioning the status quo, knowing we have more to learn, and thinking beyond ourselves have drawn innovators and changemakers to our campus for generations,” Lyons said. “And now Berkeley-built startups are operating across industries and application areas.”
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