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Stanford University, Stanford Hospital pledge $3.6M grant to StartX, set up venture fund
San Francisco Business Times

Stanford Hospital & Clinics and Stanford University have pledged $3.6 million to back StartX, a nonprofit startup accelerator for Stanford-affiliated entrepreneurs. They’ll also invest in some of StartX’s ventures. The hospital and university are kicking in $1.2 million annually for three years to back the program, which was started by Stanford students in 2009 and features community-based learning. One of StartX’s divisons, StartX Med, focuses on medical and biotechnology startups.