Stanford Investing in Student Startups

http://www.nbcbayarea.com/blogs/press-here/Stanford-Investing-in-Student-Startups-222562761.html

Stanford University is getting into the venture capitalist game and investing in student and alumni tech startups, according to a report.

Not only is it starting an uncapped investment fund, but Stanford is also giving a $3.6 million grant to StartX, a non-profit startup accelerator for companies with a Stanford affiliation, according to TechCrunch. The university's business affairs department will oversee the investments. Along with the university, Stanford Hospital and Clinics will also be investing in startups.

StartX is independent of the university but must have at least one founder with a Stanford affiliation. The accelerator is funded by Microsoft, Cisco, Intuit and others at about $1.2 million a year, so the new grant is a big one.