Three years since StartX took up residency at the AOL office in Palo Alto, the nonprofit startup accelerator continues to expand and grow.
Its been quite successful so much so that recently StartX received a three-year $3.6 million grant from Stanford University and Stanford Hospital & Clinics and soon will receive more funding and resources from Johnson & Johnson and Merck—new partners who'll work with StartX Med, the medical and biotechnology arm of StartX.
To accomodate their grown, StartX will temporarily move to Mountain View, into a 5,000 sq. ft. office at 520 San Antonio Rd. off El Camino Real, while they wait for their new facilities near Stanford University.
According to StartX "the new space will be much better suited for the range of companies across StartX and StartX Med, the medical and biotechnology arm of our accelerator program."
During the time StartX called AOL home, they helped more than 330 founders in 10 sessions. In the last session, they offered more than 60 events and addressed 94 percent of the 155 goals that founders explained were relevant to their development as entrepreneurs, a press release explained.
In the last year alone, seven companies have been acquired. Recently three companies have received funding from the Stanford-StartX Fund and another eight have been approved for investment. Five remain under review.