StartX functions a little bit differently than other accelerator programs in Silicon Valley.
A Stanford affiliated nonprofit, the accelerator provides student entrepreneurs with housing, office space, cash stipends, advice, and mentorship — much like storied Y Combinator (“YC”) program, except its entrepreneurs won’t need to hand off a piece of their company. In contrast, YC takes an average equity stake of 6 percent.
Today, StartX received a $800,000 boost from the Kaufmann Foundation to bring its model to campuses and cities in other parts of the country. The money will develop its curriculum and program and “identify a model for replication,” according to the Wendy Torrance, the foundation’s director of entrepreneurship.
To read the original article: Stanford’s nonprofit accelerator StartX nabs $800K funding grant | VentureBeat
