Silicon Valley incubators are a dime a dozen; but StartX takes a unique approach: Funded with school dollars, it only allows Stanford students and alumni to apply.
In a 3,300-square-foot space with floor-to-ceiling white boards, StartX offers start-ups free office space, mentoring and coaching, access to venture capitalists and other investors, and pays entrepreneurs a $4,000 to $5,000 stipend to cover housing and food over several months as they develop their companies. The only requirement: one of the start-up’s founders needs to currently be or recently have been a student at Stanford University.
“We’re student-oriented and nonprofit,” said Cameron Teitelman, 22 years old, who operates StartX in a building owned by AOL Inc. with funding from the Stanford student government and partners including AOL and venture firms.
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