Two Stanford University students have raised $2 million to fund and expand an accelerator program designed for entrepreneurs still in university or recently graduated.

The program, called Breakthrough Ventures, was founded by recent graduate Roman Scott and master's candidate Itbaan Nafi, according to a report by TechCrunch on the matter. They began by hosting demo days at Stanford in 2024 and have now secured funding from venture capital firms, including Mayfield and Collide Capital.

As per TechCrunch, the accelerator aims to fill a funding and network gap for student entrepreneurs. The program offers participants grant funding of up to $10,000, access to legal support, mentorship, and compute credits from partners like Microsoft.

At the end of the program, founders have the opportunity to receive a follow-on investment of $50,000. The program will use a hybrid model with in-person meetups and will culminate in a demo day at Stanford. The founder duo hopes to deploy their $2 million fund over three years to incubate at least 100 companies, adds the report.