StartX Accelerator Receives $3.6M Grant for Stanford Entrepreneurs

Stanford University and Stanford Hospital & Clinics have pledged a three-year $1.2 million annual grant and created a new venture fund to invest in StartX companies. Stanford is also creating an uncapped fund to invest in companies that emerge from the program. StartX is a Palo Alto, Calif.-based student-run nonprofit that operates a startup accelerator for Stanford-affiliated entrepreneurs. StartX says that since it was launched in 2009, 10 startups that have gone through the program have been acquired, including seven in the past year.

North AmericaUSBriefs