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<br/>This program was developed in 2011 by Cameron Teitelman and Dan Ha as a spin-off program of the Stanford Student Enterprises, which is the non-profit financial arm of the [http://www.stanford.edu/dept/registrar/bulletin1011/4813.htm Associated Students of Stanford University]. In February 2012, Silicon Valley companies contributed $400,000 towards the advancement of StartX, just prior to an $800,000 [http://www.kauffman.org/newsroom/2012/08/kauffman-foundation-announces-grant-to-startx grant awarded] in August 2012 from the [http://www.kauffman.org/ Kauffman Foundation] (a nationally recognized center for entrepreneurship and education) to again further advance the program’s success. As of last month, Stanford University has announced its recipient status of a $3.6 million grant that will be dispersed over three years to contribute to other StartX funding sources like Stanford Hospital and Clinics.
[http://startx.stanford.edu/apply StartX Visiting Founders Program]), applicants from any university can be accepted. This program allows for non-Stanford start-up companies to spend three months (run only during a summer sessionaccelerator program from June through September) in the Silicon Valley working under the mentorship and education of StartX to accelerate their developing company. The VFP companies are treated no differently from those affiliated with Stanford University, have access to all of the same resources and are offered additional financial support to offset costs of moving to Silicon Valley.
[http://startx.stanford.edu/med StartX Med] is a program within StartX focused on accelerating the development of Stanford’s top medical entrepreneurs. With a focus on advancing breakthrough healthcare technologies through StartX Med, this branch of StartX affords a unique opportunity for those seeking innovation in the medical field. StartX partners with companies like Johnson&Johnson and Merck to foster young entrepreneurs. StartX seeks founders at all stages. Among their core values, it is stated that StartX puts "founders first." Of the 331 founders so far, 136 companies have formed with a success rate of 85%. Ten of these companies have been acquired by companies such as Google, Yahoo, etc. The success of this program can be seen in all with which they are associated.
= Purpose =
#Free office space.
#Free legal services.
#Up to $100,000 in free resources(web services, clouding, etc.).
#Unprecedented entrepreneurial mentorship from over 200 serial entrepreneurs, experts, angels and venture capitalists.
#*Some notable StartX mentors include [https://www.palantir.com/ Palantir], LinkedIn, Google, Twitter, and many more successful Silicon Valley companies.
#Customized programming and on-demand experts that provide top class education to top class future entrepreneurs.
#Real-time <u>customized</u> education.
#Board-class mentorship
= Distinct Differences From Other Offerings =
[[File:Startx 2.jpg|thumb|right|300px|Startx 2.jpg]]
[[File:Startx 1.jpg|thumb|right|300px|Startx 1.jpg]]
#StartX requires <u>no fees</u>#StartX takes no equity (<u>ZERO EQUITY</u>) in the technologies and companies that it helps get off the ground.
= Impact Achieved For Students and Campus =
= Steps Required To Bring Resource to Campus =
<blockquote>
#StartX holds three sessions per year; Fall (November - February), Spring (March - June) and Summer (June - September). ''Note:'' Applications for each session are due one month prior to each session.
#Teams typically consist of two to three founders, but all sizes are accepted. Teams come from all industries and departments (biotechnology, cleantech, hardward, medical devices, nonprofits, music, finance, IT, etc.)
#Requirements for teams considering to apply for the StartX Accelerator Program: (1) Passion in an Idea (2) Committment- this will be a full-time job (3) Good team dynamics (4) Technical Skills and Domain Expertise (4) Idea Quality#Following a submitted application, the first round of interviews is conducted at the StartX office. (*Note: The acceptance rate to this stage alone is 10%.) These interviews are conducted in front of a panel of judges comprising StartX mentors, venture capitalists, serial entrepreneurs and other StartX staff.#A second round of interviews are conducted during which applicants will meet with StartX alumni and staff memberswho assess the team's cultural fit with the community, after which, final decisions are made.</blockquote>
= University Innovation Fellow Special Opportunities =
= Contact Information =
''Derrick Hsiou''<br/>''(818) 297 - 7508<br/>derrick@startx.stanford.edu
[[Category:Resources]]