The House Residency is an accelerator program. The House Fund is a pre-seed and seed stage venture fund.
There are actually two separate entities for each. The House Residency is run as a non-profit (as are our student initiatives). This allows us to always keep the best interests of founders in mind, be aligned with the educational mission of the University, and work across a wider variety of companies and timelines.
Additionally, The House Fund contributes a significant portion of upside back to the non-profit to build long term sustainability in our operations. So that the success of our founders today can fuel the infrastructure for the next generation of Berkeley’s founders. The non-profit is funded by philanthropic contributions from Berkeley alumni and corporate sponsors.