The Student-in-Residence scholarship is a financial aid program intended to support student teams who are building a company while completing their degree.
All Student-in-Residence recipients are also offered a structured way to connect with StartX's network of hundreds of highly experienced and industry-leading mentors to help you think through important decisions, including successful StartX entrepreneurs, VCs, Stanford faculty and alumni. You will also have the opportunity to receive coaching, where and when you need it most, from top notch coaches and domain experts.
We are an educational non-profit whose mission is to accelerate the development of the highest-potential founders out of Stanford through experiential education and collective intelligence. We require no fees and take no equity.
Experienced and Industry-leading Mentors
Student entrepreneurs have to work on many things they haven't worked on before. The best student entrepreneurs know they need to be as equipped as possible, because that's what it takes to succeed.
We know that getting mentorship, coaching and expert advice, will definitely make a difference; and our SIR recipients are privileged to by trained by some of the best Stanford affiliated (and non-Stanford) founders, mentors and advisors. Exclusively available to Student-in-Residence recipients, is structured programming to offer tactical help & resources, experiential education, funding and a vast network of mentors, investors, and domain experts.
Through our community, you can get access to 1200+ world class coaches and advisors, on demand access to experts, and customized educational programming based your team + industry + stage.
Plus, all companies receive $1.2 million+ of free resources, as well as drop-in office space, legal advice, etc.
Applications accepted quarterly
Apply for Student-in-Residence
Student-in-Residence collaborates with many Stanford programs and the Stanford student government. We support all Stanford founders, including undergraduates, Master's students, and PhD students. (Postdocs, alumni, and professors should apply for the StartX Community instead). Founders in the Student-in-Residence program are carefully selected, and each session we welcome founders who are amazingly diverse, passionate, and talented.
As recipients of the Student-in-Residence scholarship, you will also work together with other SIR recepients to help each other approach obstacles from different perspectives. You will have peers who have studied medicine, engineering, business, humanities, law, science, and more. This creation of an interdisciplinary environment contributes to our norms of trust and information sharing.
Am I eligible for Student-in-Residence financial aid?
In order to be eligible to apply to Student-in-Residence financial aid, you must be a current Stanford student (e.g. undergrad, masters, or doctorate), you must hold a significant equity stake in the company you are applying with, and you must continue to complete your degree to remain eligible for the financial aid.
How is the scholarship funded?
The scholarship and its accompanying mentorship is completely free; We don’t take any equity from you! No strings attached.
(We are an educational non-profit funded through grants, donations, and corporate sponsorships, including $8M in grant funding from Stanford University, Stanford Health Care, and Kauffman Foundation.)
What criteria do your judges look for?
Student-in-Residence judges focus on evaluating the team rather than the idea.
They evaluate (in descending order of priority):
passion and commitment demonstrated by founders
ability to execute & core competency
willingness to understand your market
How many companies do you admit? What is your acceptance rate?
We don’t have a set quota / number of companies. Student-in-Residence judges will admit any team that exceeds our quality bar.
Note: Historically, the acceptance rate varies between 8%-10%.
How many application cycles do you run every year? How long is the mentorship program?
The mentorship program spans six months and two sessions. Each year, we run three 10-week mentorship sessions: spring, summer and fall. (We are looking to expand to four sessions per year! Stay tuned!)
Am I too early for the Student-in-Residence scholarship?
Founders are evaluated purely on their potential. A great way to find out what you need to be admitted, is to have applied in a previous cycle. Teams not admitted are always offered customized advice & feedback, on what steps they can take to reach the next level.
The application process itself is a great learning opportunity, it forces you to think about uncomfortable but crucial parts of your business, and on top of that every applicant gets valuable feedback from the judges.
We are an educational non-profit and our goal is to help all entrepreneurs reach the level they need.