The company intends to use the funds to expand and scale its program nationally.
Formerly known as SSE Labs, StartX is a non-profit accelerator that aims to help university-affiliated entrepreneurs reach their potential as business leaders and innovators. It has an extensive network of founders, mentors, alumni, academics, entrepreneurs-in-residence, and business partners.
Founded in 2009 by Cameron Teitelman as a student entrepreneur, StartX provides community engagement, mentorship, on-the-job education, office space and other resources.
To date, the accelerator has supported more than 240 founders and 90 companies in several markets, including clean tech, biotechnology, enterprise, consumer internet/mobile, hardware, healthcare technology and social enterprise.