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Organization:Blackstone LaunchPad

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= Overview =
<p style="text-align: center">[[File:BlackstoneLBLBlackstoneLaunch.jpgpng|frame|BlackstoneLaunch.png]]</p>
<span style="font-family: georgia, serif; font-size: medium; text-align: right">Blackstone is the world's largest alternative asset investment firm founded by Stephen A. Schwarzman and Peter George Peterson in 1985. Blackstone currently has $311 billion in assets under management, and released an initial public offering in 2007. From its own description:</span>
<blockquote><span style="font-family:georgia,serif"><span style="font-size:medium"><span style="color: rgb(94, 94, 94); line-height: 17px">"Blackstone is the world’s largest independent alternative asset manager, serving the investment needs of leading&nbsp;</span></span></span><span style="color: rgb(94, 94, 94); line-height: 17px; font-size: medium; font-family: georgia, serif">public pension funds, academic and charitable institutions and other investors for more than 25 years.&nbsp;&nbsp;Our funds include private equity funds, real estate funds, customized hedge fund solution funds, credit-oriented funds and publicly traded closed-end mutual funds.&nbsp; In addition, we provide investment advice and management services to institutional investors through a variety of separately managed accounts. "</span></blockquote>
<span style="font-size:medium;"><span style="font-family:georgia,serif;">They have a simple incubation process:</span></span>
#<span style="font-size:medium;"><span style="font-family:georgia,serif;">A young entrepreneur completes a profile that all members of the Launch Pad LaunchPad Community can access, and they complete a "Venture Assessment Form" that illustrates the details of their expected market, competitors, and the future of their product.</span></span>
#<span style="font-size:medium;"><span style="font-family:georgia,serif;">Pair a student with a master entrepreneur to develop a business idea. These entrepreneurs can recognize great potential and they guide subjects through the rigorous process. The subject can meet regularly with the LaunchPad staff as well.</span></span>
#<span style="font-size:medium;"><span style="font-family:georgia,serif;">Blackstone does the networking and provides the student with the proper resources - they are able to meet a number of business leaders in their area to recieve additional mentorship. Partnerships are also formed with programs, firms, and investors in the area.</span></span>
<span style="font-size:medium;"><span style="font-family:georgia,serif;">''Blackstone Launchpad'' also has programs which work in regions that have some pre-existing entrepreneurial activity. They create what they call an "Innovation Hub" in this area to coordinate resources they already have and expand them to new territories. &nbsp;''Blackstone LaunchPad '' in recent years has expanded to an international approach through developing partnerships with universities such as Trinity College, the National University of Ireland Galway, and the University College of Cork. The organization's goal is to create an unprecedented network that provides students opportunities that they wouldn't have otherwise with more unique partnerships coming in the near future.</span></span>
= Blackstone University Partnership Process<br/> =
<span style="font-size:medium;"><span style="font-family:georgia,serif;">''Blackstone LaunchPad&nbsp;''looks for university campuses with significant size (population 15,000 students or more per campus). The organization assists at all levels within the university from students and alumni to faculty and staff in providing a entreprenuership-focused campus. ''Blackstone LaunchPad'' provides campuses with the initial stake in the ground that helps various departments on the campus engage and develop relationships to encourage entrepreneurship with the goal of optimizing campus resources in creating the most benefit. ''Blackstone LaunchPad'' has a goal to engage at least 10% of each partner campuses student population to ensure high participation in the organization. The organization also strives to well-position itself in each of its partnership campuses to provide the most benefit to the each university from a wholesome perspective.</span></span>
= Distinct Differences From Other Offerings <span style="font-family: Arial, sans-serif;">Blackstone Launchpad's New Partnership</span> =
<span style="font-size:medium;"><span style="font-family:georgia,serif;">''Blackstone LaunchPad'' is a unique resource for Universities because very few campus incubators are run by external resources. TypicallyAs of October 17, these incubators are somewhat limited to an alumni network and the resources they have to offer2017, where as ''Blackstone LaunchPad'' has formed a very diverse collection of Entrepreneurial Masters new strategic partnership with TechStars to educate, coach, and connect students further assist entreprenuers with reaching their goals. The new partnership is called the rest of the entrepreneurial world. ''Blackstone LaunchPadTechStars Training Camp '' offers that will support top performing Blackstone LaunchPad ventures. More information about the networking and resources that come with being a leading global venture capital firmnew partnership can be found [http://events.techstars.com/blackstone-launchpad here].</span></span>
= <span style="font-family: Arial, sans-serif;">Distinct Differences From Other Offerings</span> = <span style="font-size:medium;"><span style="font-family:georgia,serif;">''Blackstone LaunchPad''&nbsp;is a unique resource for Universities because very few campus incubators are run by external resources. Typically, these incubators are somewhat limited to an alumni network and the resources they have to offer, where as&nbsp;''Blackstone LaunchPad''&nbsp;has a very diverse collection of Entrepreneurial Masters to educate, coach, and connect students with the rest of the entrepreneurial world.&nbsp;''LaunchPad''&nbsp;offers the networking and resources that come with being a leading global venture capital firm.&nbsp;</span></span><span style="font-family: georgia, serif; font-size: medium;">One of the unique opportunities that the organization provides entrepreneurs is a 1-on-1 coaching model that begins with peer-to-peer and executive director or program director mentorship. As the entreprenuer's business model makes more traction, subject matter experts and other professionals are contacted to assist with mentoring.</span> <span style="font-size:medium;"><span style="font-family:georgia,serif;">One huge advantage to using &nbsp;''Blackstone Launchpad'' &nbsp;as a resourse rather than one's university incubator is that the risk of a technology transfer, or the act of universities providing campus resources to students with the intentions of claiming ownership to intellectual property designed by students, is eliminated.&nbsp;</span></span>
<span style="font-size:medium;"><span style="font-family:georgia,serif;">Blackstone also has a number of organizational grants, funding the growth of entrepreneurship across the country. Many of these organizations either promote entrepreneurial action, provide funding and support for existing entrepreneurs, or educate students about entrepreneurship.&nbsp;</span></span>
= <span style="font-size:mediumx-large;">'''<span style="color: rgb(0, 0, 0); font-family: Arial">VentureBoard: An Online Entrepreneurship Platform</span>'''</span> =
<span style="font-size:medium;"><span style="font-family:georgia,serif"><span style="color: rgb(0, 0, 0)">VentureBoard is an online entrepreneurship platform for students, entrepreneurers, universities, and organizations.&nbsp; It is the basis of ''Blackstone Launchpad's'' website, and is also available as a stand-alone product.</span></span></span>
= Impact On Students and Campus =
<div style="text-align: center"><br/></div><div></div><div></div><div><span style="color:#ffffff">&lt;span style="font-size:large;"</span&gt;</span>[[File:Wiki Image.png]]<br/></div><div><span style="color:#ffffff">&lt;span style="font-size:large;"</span&gt;</span><br/></div><div><span style="font-size:large">'''Recent LaunchPad Successes:'''</span></div>
<span style="font-family:georgia,serif"><span style="color:#000000"><span style="font-size: medium; line-height: 20px">'''Q-Cigarettes&nbsp;'''</span></span><span style="font-size: medium; color: rgb(51, 51, 51); line-height: 20px;">'''-&nbsp;'''</span><span style="font-size: medium; line-height: 20px;">Drew Park, a fourth-year medical student at the University of Iowa Carver College of Medicine and a first-year master’s student at USC’s Keck School of Medicine, pitched his company's unique new treatment for tobacco dependence at&nbsp;</span><span style="font-size: medium; color: rgb(52, 52, 52); line-height: 1.3em;">Wake Forest's 2014 Retail and Health Innovation Challenge, taking home the grand prize of $25,000. &nbsp;&nbsp;</span></span>
<span style="font-family:georgia,serif"><span style="font-size:medium">'''O'Dang Hummus -'''&nbsp;After winning $15,000 at a Blackstone LaunchPad Demo Day, Jesse Wolfe, a University of Central Florida student, landed a deal with supermarket chain Publix, which will now carry his new salad dressing product.</span></span>
<span style="font-family:georgia,serif"><span style="font-size:medium">'''Fever Smart -&nbsp;'''A Penn and Wharton collaboration, non-invasive fever monitoring technology: Fever Smart, won $10,000 at the first "Rise Above the Rest" student speed pitch competition.</span></span>
<span style="font-family:georgia,serif"><span style="font-size:medium">'''[https://www.roarforgood.com/ Roar for Good ] -&nbsp;'''Wearable self-defense technologhy "Roar for Good" raised over $260,000 on Kickstarter, receiving more than 4,000 orders from 47 countries around the world.&nbsp; "Roar for Good" will also compete for a $70,000 grand prize at the SBA InnovateHer Challenge Competition in March.</span></span>
<span style="font-size: medium; font-family: georgia, serif">...and more! Click [https://blackstonelaunchpad.org/ here ]for more recent success stories.</span>
<span style="font-size:medium;"><span style="font-family: georgia, serif;">''Blackstone LaunchPad'' not only helps budding entrepreneurs; it also aids the local economy surrounding the university the students are attending. The ventures that students create help increase the number of jobs available in the area, and expand the network of professionals in the region.</span></span>
<div style="text-align: center;"><span style="font-size:medium;">'''Nationwide & Statewide Impacts:'''</span></div>
*<span style="font-size:medium;"><span style="font-family:georgia,serif;">'''White House's Startup America Initiative- "'''<span style="color: rgb(51, 51, 51); line-height: 18px;">Startup America is a White House initiative that was launched to celebrate, inspire, and accelerate high-growth entrepreneurship throughout the nation" More details can be found at the website-&nbsp;</span>this [httphttps://wwwobamawhitehouse.whitehousearchives.gov/economy/business/startup-america http://wwwwebsite].whitehouse.gov</economy/business/startup-america]span></span></span>
*<span style="font-size:medium;"><span style="font-family:georgia,serif;">'''California-'''&nbsp;Largest grant of $3.5 million, over 100,000 students affected within California, 350,000 students nationwide involved in networks created</span></span>
<p style="text-align: center;">[[File:Kent-State-Launchpad.jpg]]</p><p style="text-align: center;"><span style="font-size:larger;"><span style="font-family:georgia,serif;">Launch Pad at Kent State University</span></span></p>
 
= <span style="font-family:arial,helvetica,sans-serif;"><span style="font-size:larger;">Schools and associations with Blackstone LaunchPad Program&nbsp;</span></span> =
<span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">'''California'''</span></span> *UCLA*USC*Los Angeles Economic Development Corporation   <span style="font-size: medium;"><span style="font-family: arial, helvetica, sans-serif;">'''Connecticut'''</span></span> *Trinity College   <span style="font-size: medium;"><span style="font-family: arial, helvetica, sans-serif;">'''Florida'''</span></span> *University of Central Florida   <span style="font-size: medium;"><span style="font-family: arial, helvetica, sans-serif;">'''Michigan'''</span></span> *Wayne State University   <span style="font-size: medium;"><span style="font-family: arial, helvetica, sans-serif;">'''Montana'''</span></span> *University of Montana*Montana State University   '''<span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">New York</span></span>''' *Cornell University*New York University*Syracuse University*University at Albany*University at Buffalo   <span style="font-size: medium;"><span style="font-family: arial, helvetica, sans-serif;">'''Pennsylvania'''</span></span> *Temple University*University City Science Center*Philadelphia University
*<span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">UCLA</span></span>
*<span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">UC Irvine</span></span>
*<span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">USC</span></span>
*<span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">Los Angeles Economic Development Corporation</span></span>
<span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">'''Florida'''</span></span>
*'''<span style="font-sizefamily:mediumarial,helvetica,sans-serif;"><span style="font-familysize:arial,helvetica,sans-serifmedium;">University of Central FloridaSouth Carolina</span></span>'''
*'''<span style="font-sizefamily:mediumarial,helvetica,sans-serif;"><span style="font-familysize:arial,helvetica,sans-serifmedium;">'''Michigan'''</span></span>'''University of South Carolina
*<span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">Wayne State University</span></span>
*<span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">Walsh College</span></span>
<span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">'''Montana'''</span></span>
*<span style="font-size:medium;">'''<span style="font-family:arial,helvetica,sans-serif;">University of Montana</span></span>*<span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">Montana State UniversityTexas</span></span>'''
*'''<span style="font-sizefamily:mediumarial,helvetica,sans-serif;"><span style="font-familysize:arial,helvetica,sans-serifmedium;">'''Ohio'''</span></span>'''Texas A&M*University of Texas at Austin*University of Texas at Dallas
*<span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">Kent State University</span></span>
*<span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">Lorain County Community College</span></span>
*<span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">Baldwin Wallace University</span></span>
*<span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">Case Western Reserve University</span></span>
<span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">'''Pennsylvania'''</span></span>
*<span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">Temple University</span></span>*<span style="font-size:medium;">'''<span style="font-family:arial,helvetica,sans-serif;">University City Science Center</span></span>*<span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">Philadelphia UniversityIreland</span></span>'''
*NUI Galway Students' Union*University College Cork   <span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">All of these schools offer the Blackstone LaunchPad program and interested students can follow the multi-step process listed above to get involved.</span></span>
= Blackstone LaunchPad Contact =
If your inquiry is associated with your desire for a position at The Blackstone Group, please visit the&nbsp;[http://blackstone.com/cps/rde/xchg/bxcom/hs/careers.htm Careers]&nbsp;page.
= Contributors = [[Kyle Kopecky|Kyle Kopecky]] [[Evan Robertson|Evan Robertson]] [[RebeccaAbbott-McCune|Rebecca Abbott-McCune]]  [[Category:ResourcesOrganizations]]

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