The Stanford-StartX Fund will help boost the entrepreneurial endeavors of Stanford students, faculty, alumni and staff at a critical, early stage in their ventures. StartX startup teams can now receive financial backing from the university and the hospital to help bring their innovations to market, faster and more efficiently. Any StartX founder raising a round of financing may, at their option, access investment by the Stanford-StartX Fund if the round of financing meets a set of clear and objective criteria. The fund will not take a lead role in company financings, but instead will participate as a minority investor alongside other venture capital and angel investors. This marks the first time either the university or the hospital has developed a fund to invest directly in the entrepreneurs emerging from the Stanford community.