Stanford announces plans for direct investments for student and alumni companies.
Stanford University has announced plans to directly invest in its student and alumni startups with an uncapped investment fund.
Stanford has limited its scope to companies who have passed through StartX, Stanford’s non-profit no-equity accelerator designed by and for the exclusive use of Stanford students. In addition to the investment announcement, the university also announced a grant of $3.6m for the accelerator, spread as $1.2m annually over three years.
Stanford has also said that it will not take a leading…
