# Activate

Activate is an Asset Manager based in San Francisco, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Mateo, CA, United States
- **Assets under management:** Undisclosed
- **Website:** activate.com
- **LinkedIn:** https://www.linkedin.com/company/activate_4

## Regulatory record

- **CRD number:** 307073
- **SEC file number:** 802-118036
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/307073

## About

We believe AI in India will be built by technical crack teams. Activate is a new age venture capital firm purpose-built for such founders, engaging with them well before company formation and investing $500k-$3M at inception.

## Sectors

- Enterprise Software
- AI/ML
- Industrial Tech
- ClimateTech
- Hardware

## Offices

- Nairobi, Kenya
- San Francisco, CA
- Berkeley, CA
- Ramsey, NJ

## Questions

### How does Activate source its founders?

Activate draws almost exclusively from the US national laboratory system—institutions like Lawrence Berkeley National Lab, Argonne, and Sandia—as well as leading research universities with deep ties to federal science funding. The fellowship program actively recruits Ph.D. scientists and postdocs whose innovations are too technically immature for traditional venture capital but commercially promising enough to warrant a full-time entrepreneurial commitment.

### How is the Activate Fellowship structured financially?

The fellowship provides a living stipend, a research budget, and access to a network of venture firms and corporate partners—all structured as non-dilutive grants. This allows fellows to advance their technology for up to two years before raising an external priced equity round, deferring dilution until technical milestones reduce science risk to a level venture firms can underwrite.

### Who are Activate's primary external partners?

Activate partners with over 80 venture firms and strategic corporations including Breakthrough Energy Ventures, DCVC, and Capricorn Investment Group. Government partners include the Department of Energy, the New York State Energy Research and Development Authority, and various national labs that serve as the primary talent pipeline. These partners provide technology validation, pilot programs, and follow-on capital.

### Where are Activate's fellowship programs located?

Activate operates fellowship hubs in Berkeley, Boston, and New York—each co-located with major national laboratory clusters or research universities. A recent expansion into the New York metro area was launched in partnership with NYSERDA and focuses specifically on grid-scale energy storage and carbon management startups. Fellows can choose the location that best aligns with their laboratory and partner needs.

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Last updated: 2026-06-03T20:00:00.000Z

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