StartX, The Accelerator For Stanford Students, Wins $800K Grant From The Kauffman Foundation

StartX, the startup accelerator for Stanford students, has raised its first big piece of funding ? an $800,000 grant from the?wing Marion Kauffman Foundation. Under the name SSE Labs, StartX first launched in 2010. Since then, 240 founders launching 90 companies have participated in the program. The accelerator says that 85 percent of its companies attract institutional or angel funding within three months of joining the program. More than 6 percent of Stanford's student population applies to StartX. Officially, you need to a Stanford student or recent graduate to join, but the accelerator has also been admitting a few faculty members, too.

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