Separately, the University of Melbourne in Australia has launched a start-up accelerator, Melbourne Accelerator Program

StartX, which is a startup accelerator for Stanford students, has raised $400,000 from investors, including computer server maker Cisco, phone operator AT&T and discount coupon provider  Groupon.

Other investors include venture capital firm Founders Fund and its non-profit arm and Greylock Ventures, philanthropy Kauffman Foundation, software provider Microsoft and internet services provider AOL.

StartX, formerly known as SSE Labs, now manages $1.5m and is led by Jeff Mounzer, its senior managing director, and John Melas-Kyriazi, partnerships director. That brings the…

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