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***For Immediate Release***
Ikhlaq Sidhu, Director Of The Center For Entrepreneurship And Technology At Uc Berkeley, Named Venture Advisor To ONSET Ventures
Brings Unique Insight about Innovation and Technology to Build Strong Startups
MENLO PARK, Calif. – March 21, 2012 – Dr. Ikhlaq Sidhu, founding director of the Center for Entrepreneurship and Technology (CET) at the College of Engineering at UC Berkeley, has been named venture advisor at ONSET Ventures. Sidhu brings deep expertise to ONSET, helping entrepreneurs innovate world–class technologies and create successful business models.
“Ikhlaq's long history of success as an entrepreneur and technologist will be a tremendous resource for our portfolio companies”, said Shomit Ghose, ONSET partner. “His skills directly relate to ONSET's strategy of helping startups develop and commercialize disruptive business models from new technologies.”
Ghose went on to explain, “Ikhlaq's career has focused on helping world-class technologists map their visions into compelling businesses; it's that really keen understanding of how to build and lead a technology startup.” [See http://ikhlaqsidhu.com/]
Before joining UC Berkeley in 2005, Sidhu established the Technology Entrepreneur Center at the University of Illinois. Previously, he was chief technical officer of Cambia Networks and vice president at 3Com Corporation, where he was the company's “Inventor of the Year” in 1999. The holder of over 60 U.S. patents, Sidhu received his Ph.D. in Electrical and Computer Engineering from Northwestern University. In addition to his current role at the CET, Sidhu is the founding chief scientist of UC Berkeley's Fung Institute, focusing on entrepreneurial leadership and the industrial application of emerging technologies.
“One of the great things about being at UC Berkeley is working with thought leaders across a wide range of technology areas”, said Sidhu. “My additional role at ONSET allows me to work with entrepreneurs and portfolio companies at the earliest stages to help them develop technologies from a business perspective.”
Sidhu joins other ONSET venture advisors and partners with similar roles in other market spaces including Taher Elgamal, Hector Garcia-Molina, Steve LaPorte, David Pann and Rick Schell.
About ONSET Ventures
ONSET Ventures specializes in providing start–up, follow–on, and intellectual capital to entrepreneurs and early-stage technology ventures to help transform world–class ideas into sustainable and valuable businesses, through a process of "venture craftsmanship." The firm has backed over 130 companies since 1984 and has more than $1 billion under management.
ONSET's venture craftsmanship, refined over 28 years, includes a tool set for risk and capital management, and a shirt–sleeves style of active collaboration with entrepreneurs that leverages the firm's substantial operating experience. That collaboration begins before the closing of any financing, and continues throughout the life of the venture. This approach is the hallmark of the firm. It has resulted in a franchise that brings successful, serial entrepreneurs back to ONSET Ventures time and again, and attracts investors who want the opportunity to participate in early stage venture investing.
ONSET Ventures focuses exclusively on information and medical technology–based startups, and has a long history of successful ventures in each of these sectors.