May 30, 2019
Silicon Valley Bank and Silicon Catalyst Establish Strategic Collaboration
Relationship Will Enable Business Growth for Startups and Early-Stage Semiconductor Companies
Santa Clara, CA. - Silicon Catalyst, the world’s only incubator focused exclusively on accelerating solutions in silicon, and Silicon Valley Bank (NASDAQ: SIVB), the bank of the world’s most innovative companies and their investors, announced the establishment of a strategic collaboration for startups and emerging companies in the semiconductor industry.
The collaboration spans multiple levels of involvement between the two companies, as SVB has become the preferred banking partner offered to Silicon Catalyst’s Portfolio companies. The relationship includes the introduction of startup companies in the Incubator to SVB, working with their innovation centers around the world. Incubating companies will also have access to the “Startup Bundle” of services from SVB. Additionally, SVB will be hosting events at their offices in Silicon Valley and their other facilities in high-tech regions of the semiconductor industry to provide the semiconductor ecosystem with valuable insights, observations and solutions from thought leaders in the industry.
“SVB has helped countless semiconductor startups grow over the past three decades, and our collaboration with Silicon Catalyst will help us continue to do so. Silicon Catalyst and SVB are aligned in our vision to support businesses that invent the future,” said Joseph Restagno, Managing Director, Silicon Valley Bank.
“We welcome Silicon Valley Bank as our preferred banking partner for the companies in our Incubator,” stated Pete Rodriguez, CEO of Silicon Catalyst. “Our Incubating companies have access to world-class advisors, design tools, semiconductor manufacturers, funding sources and marketing acumen needed to successfully launch and grow their businesses. Now, with the addition of SVB, these companies can leverage our relationship with a global banking powerhouse whose rich tradition of enabling innovative companies is without parallel.”
About Silicon Valley Bank
For more than 35 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators. Learn more at svb.com.
SVB Financial Group is the holding company for all business units and groups©2019 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, SVB LEERINK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group.
About Silicon Catalyst
It’s About What’s Next® - Silicon Catalyst is the world’s only incubator focused exclusively on accelerating solutions in silicon, building a coalition of in-kind and strategic partners to dramatically reduce the cost and complexity of development. Close to 300 startup companies have engaged with Silicon Catalyst since April 2015, with a total of 21 startup and early-stage companies admitted to the incubator. With a world-class network of mentors to advise startups, Silicon Catalyst is helping new semiconductor companies address the challenges in moving from idea to realization. The incubator/accelerator supplies startups with a path to design tools, silicon devices, networking, access to funding, banking and marketing acumen to successfully launch and grow their companies’ novel technology solutions.