Kansas City, Mo. plus Palo Alto, Calif. (PRWEB) August 23, 2012
The Ewing Marion Kauffman Foundation now announced an $ 800,000 grant to StartX, that runs a business accelerator for college pupils, to help expansion plus nationwide scaling of the system.
StartX, formerly SSE Labs, was initially established inside 2010 by Stanford pupils to accelerate the development of the number one Stanford student entrepreneurs from experiential knowledge. Kauffmans grant may aid StartX scale its present services plus build a model for replication.
StartX has taken significant initial procedures to develop an experiential education-based system for founders at the college level, mentioned Wendy Torrance, Kauffman director of entrepreneurship whom leads the Foundations curriculum development. Our grant might aid StartX further develop its curriculum plus system plus identify a model for replication, when bolstering its ability to gather plus analyze information about its function plus important outcomes.
StartX, a non-profit company affiliated with Stanford University which takes no equity from its portfolio firms, has received applications from over 6 % of the Stanford student population every year. To date, StartX has supported over 240 founders plus 90 firms inside many markets, including clean tech, biotechnology, enterprise, customer internet/mobile, hardware, healthcare development plus social enterprise. In total, StartX firms have raised over $ 70 million inside funding.
Although StartXs main focus is founder knowledge, 85 % of StartX firms attract institutional and/or angel funding in 3 months of joining the system. StartX entrepreneurs go by an intense, hands-on understanding system which combines product, leadership plus business development at an accelerated pace. More than 300 mentors plus advisors function with all the founders throughout the year. Beyond this coach group, the accelerator moreover offers access to its extensive faculty, alumni plus expert network based inside the San Francisco Bay Area. Founders inside the system get resource help including stipends, workplace area, legal help, accounting, banking plus internet services.
StartX staff, composed of Stanford pupils plus latest grads, has tripled inside the previous year to a team of 20. Because 2009, staff have been composing the StartX Manual, A Guidebook to StartX Operations. The guide is instrumental inside scaling the accelerators progress plus knowledge transfer.
StartX, that operates year-round, supported over 25 firms this summer, marking its biggest session ever. This cohort included the inaugural class for StartX Med, a division of the accelerator focused on developing healthcare plus biotechnology entrepreneurs. StartX moreover piloted its Visiting Founders system, that is a system tailored to bring inside groups from about the nation to engage inside StartXs accelerator system, with plans to expand.
Were building a scalable, education-focused business to serve because a reliable resource for the worlds right entrepreneurs, mentioned Cameron Teitelman, founder plus senior managing director of StartX. “The Kauffman Foundation’s help may enable you take a big step towards the objective of building a really disruptive platform for entrepreneurial knowledge.”
If we have interest inside understanding more StartXs expansion plans, please email: info(at)startx(dot)stanford(dot)edu.
About the Kauffman Foundation
The Ewing Marion Kauffman Foundation is a private nonpartisan foundation which functions to harness the energy of entrepreneurship plus innovation to develop economies plus better human welfare. Through its analysis plus alternative initiatives, the Kauffman Foundation aims to open young people’s eyes to the possibility of entrepreneurship, improve entrepreneurship knowledge, raise awareness of entrepreneurship-friendly policies, plus discover alternative paths for the commercialization of brand-new knowledge plus technologies. Additionally, the Foundation concentrates on initiatives inside the Kansas City area to advance pupils math plus research abilities, plus boost the educational achievement of urban pupils, including the Ewing Marion Kauffman School, a university preparatory charter school for center plus excellent school pupils. Founded by late entrepreneur plus philanthropist Ewing Marion Kauffman, the Foundation is based inside Kansas City, Mo., plus has around $ 2 billion inside assets. For more info, see http://www.kauffman.org, plus follow the Foundation about http://www.twitter.com/kauffmanfdn plus http://www.facebook.com/kauffmanfdn.
StartX is the Stanford student startup accelerator. Located inside the heart of Silicon Valley, its mission is to aid the number one university-affiliated entrepreneurs reach their possible because company leaders plus innovators. Made potential from a comprehensive network of founders, mentors, alumni, academics, entrepreneurs-in-residence, plus company couples, StartX is an education-focused non-profit. Founded inside 2009 by Cameron Teitelman because a student entrepreneur, StartX offers community engagement, mentorship, on-the-job knowledge, workplace area plus different resources. For more info, see startx.stanford.edu, e-mail you at info(at)startx(dot)stanford(dot)edu, or follow you about social media: facebook/startx, twitter.com/startx.
StartX is proud to function with a amount of business couples, including:
The Ewing Marion Kauffman Foundation, Microsoft, Greylock Ventures plus AOL.
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