US-based Stanford University’s historic decision to provide “unlimited” support from its balance sheet for a university venturing fund, Stanford-StartX has won this year’s Global University Venturing 2013 Fundraising of the Year Award. Stanford is the epicentre of Silicon Valley after its professor of engineering, Fred Terman, encouraged two students, Bill Hewlett and Dave Packard, to set up a technology company in their garage in the 1930s, which helped act as a locus for other start-ups.

Stanford remains easily the most…

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