StartX is a startup accelerator for ambitious Stanford entrepreneurs that receives applications from more than six percent of the Stanford student population each year. It has supported more than 240 founders and 90 companies in a variety of markets such as education tech, biotech, consumer internet, hardware, healthcare tech, clean tech and social enterprise. Founded in 2010 as SSE Labs, the Stanford initiative continues its rise with the assistance of a new $800,000 grant from the Ewing Marion Kauffman Foundation.
“StartX has taken important initial steps to develop an experiential education-based program for founders at the university level,” said Wendy Torrance, Kauffman director of entrepreneurship who leads the Foundation’s curriculum development. “Our grant will help StartX further develop its curriculum and program and identify a model for replication, while bolstering its capacity to gather and analyze data on its work and crucial outcomes.”
StartX is designed as a helping hand for ambitious students who need help getting their ideas off the ground. In addition to founding capital, those students who capture StartX’s attention of undergo a rigorous learning program that offers lessons about how to build a business.
StartX’s portfolio includes a number of education technology ventures:
- MindSumo is a platform that allows organizations to post real-world challenges for college students to solve, providing those students with an opportunity to represent themselves to employers beyond the confines of a resume or a LinkedIn profile.
- Motion Math, conceived as a Stanford School of Ed master’s project, is a company that creates mobile games designed to foster an early interest in mathematics. (Read Technapex’s look into Motion Math)
- Kidapt is a media company that uses “post-PC devices and smart storytelling” to engage preschool-aged children with games and puzzles.
- ClassOwl is an online application for schools that gives every teacher and student a personalized planner.
The nonprofit’s staff of only 20 people is comprised of Stanford students and recent grads who operate the organization year round. This summer, StartX supported more than 25 companies, its largest cohort ever. With the new funding from the Kauffman Foundation, it’s exciting to consider what new entrepreneurial efforts StartX will support in the future.