Organization:Blackstone LaunchPad

Overview

Blackstone is a global alternative investment firm established in 1985.  They currently have 230 billion in assets, and they went public in 2007.  From their own description:

"Blackstone is the world’s largest independent alternative asset manager, serving the investment needs of leading public pension funds, academic and charitable institutions and other investors for more than 25 years.  Our funds include private equity funds, real estate funds, customized hedge fund solution funds, credit-oriented funds and publicly traded closed-end mutual funds.  In addition, we provide investment advice and management services to institutional investors through a variety of separately managed accounts. "

Blackstone LaunchPad is a campus based entrepreneurship program, accessible by over 500K students globally, designed to support and mentor students, staff and alumni - regardless of major, experience or discipline. This program is available mostly in economically depressed regions of California, Montana, Central Florida, Pennslyvania, Ohio and Michigan. Blackstone recently partnered with VentureBoard to supply services f or the LaunchPad program. VentureBoard is two-sided 'Startup Data Platform', specifically oriented for universities and early stage startup ecosystems.

Purpose

Blackstone's Charitable Foundation includes an "Entrepreneurship Initiative", a part of which is their Blackstone LaunchPad program.  From their description:

"Blackstone LaunchPad is a national model for fostering entrepreneurship through higher education. Based on a successful program at the University of Miami, it encourages entrepreneurial thinking and activity among undergraduate and graduate students as well as faculty and alumni for the purpose of incubating a new generation of entrepreneurs who will contribute to the economic revitalization of distressed regions."

Their main goal is to educate and "Supercharge Regional Economies." They do this by focusing on areas in which the entrepreneurial ecosystem is underdeveloped. They connect these regions with an influx of what they consider to be "high growth ventures" from students and building a network of already successful entrepreneurs around them. 

They have a simple incubation process:

1. A young entrepreneur completes a profile that all members of the Launch Pad 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
2. 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.
3. 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.
4. Blackstone helps bring their product to the market, and this creates new jobs in the area, leaving a lasting, sustainable network

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. 

Distinct Differences From Other Offerings

Blackstone LaunchPad 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 Blackstone LaunchPad has a very diverse collection of Entrepreneurial Masters to educate, coach, and connect students with the rest of the entrepreneurial world. LaunchPad offers the networking and resources of being a leading global venture capital firm.

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. 

VentureBoard An Online Platform

Information about venture board

Impact On Students and Campus

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Recent LaunchPad Successes:

Q-Cigarettes- 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 Wake Forest's 2014 Retail and Health Innovation Challenge, taking home the grand prize of $25,000.   

O'Dang Hummus - 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.

Fever Smart - 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.

Roar for Good - 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.  Roar for Good will also compete for a $70,000 grand prize at the SBA InnovateHer Challenge Competition in March.

...and more! Click here for more recent success stories.

Community Impact

Not only does Blackstone LaunchPad help budding entrepreneurs, it 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.

Nationwide & Statewide Impacts:

• White House's Startup America Initiative- "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- http://www.whitehouse.gov/economy/business/startup-america
• California- Largest grant of $3.5 million, over 100,000 students affected within California, 350,000 students nationwide involved in networks created
• Montana- Blackstone Charitable Foundation partnership with University of Montana, Montana State University and Headwaters RC&D creating 200,000 person peer community which encompasses 150 new ventures and has generated hundreds of jobs
• Central Florida- Blackstone Charitable Foundation partnership established with $1.4 million grant to UCF and U. Miami, focus on entrepreneurship education in respective universities
• Pennsylvania-Blackstone Charitable Foundation partnership est. with $3 million grant to Philadelphia and Temple University and University City Science Center, total of 40,836 students impacted
• Ohio- Blackstone Charitable Foundation created annual $3.2 million contribution with Burton D. Morgan Foundation to be put towards numerous universities in Northeast Ohio, impacting over 72,000 students. The Burton D. Morgan Foundation invests in numerous entrepreneurially focused organizations and institutions to strengthen free enterprise
• New Economy Initiative (NEI) (Michigan)- $2 million contribution to boost employment and restart the economy specifically in Detroit after economic crises

Launch Pad at Kent State University

Schools and associations with Blackstone LaunchPad Program 

California

• UCLA
• UC Irvine
• USC
• Los Angeles Economic Development Corporation

Montana

• University of Montana
• Montana State University

Florida

• University of Central Florida

Pennsylvania

• Temple University
• University City Science Center
• Philadelphia University

Ohio

• Kent State University
• Lorain County Community College
• Baldwin Wallace University
• Case Western Reserve University

Michigan

• Wayne State University
• Walsh College

All of these schools offer the Blackstone LaunchPad program and interested students can follow the multi-step process listed above to get involved.

Sucess Stories:

Enter sucess stories here.

Contact Information

As posted on http://www.blackstone.com/the-firm/overview/contact-us

Contact Us

United States 

New York The Blackstone Group Phone: +1 212 583 5000 Fax: +1 212 583 5749 Location & Directions GSO Capital Partners LP Phone: +1 212 503 2100 Fax: +1 212 503 6930 Location & Directions The Park Hill Group Phone: +1 212 583 5799 Fax: +1 212 583 5639 Location & Directions Atlanta The Blackstone Group Phone: +1 404 460 2321 Fax: +1 404 460 2337 Location & Directions Boston The Blackstone Group Phone: +1 617 646 2900 Fax: +1 617 646 2905 Location & Directions   Chicago The Park Hill Group Phone: +1 312 705 3070 Fax: +1 312 705 3079 Location & Directions

Dallas The Park Hill Group Phone: +1 214 661 8390 Fax: +1 214 661 8395 Location & Directions Houston GSO Capital Partners LP Phone: +1 713 358 1400 Fax: +1 713 358 1401 Location & Directions Los Angeles The Blackstone Group Phone: +1 310 310 6949 Fax: +1 310 310 6998 Location & Directions Menlo Park The Blackstone Group Phone: +1 650 798 3800 Fax: +1 650 798 3801 Location & Directions San Francisco The Park Hill Group Phone: +1 415 276 5900 Fax: +1 415 276 5919 Location & Directions Investor Relations +1 888 756 8443 (United States) +1 646 313 6590 (International) BlackstoneInvestorRelations@blackstone.com

International 

London The Blackstone Group International Partners LLP Phone: +44 (0)20 7451 4000 Fax: +44 (0)20 7451 4001 Location & Directions   GSO Capital Partners LP Phone: +44 (0)20 7758 9000 Fax: +44 (0)20 7758 9098 or 9099 Location & Directions   The Park Hill Group Phone:  +44 (0)20 7451 4000 Fax:  +44 (0)20 7451 4091 Location & Directions Beijing The Blackstone Group Phone: +86 10 6649 (7300) Fax: +86 10 6649 (7301) Private Equity Fax: +86 10 6649 (7310) Corporate Advisory Location & Directions Dubai The Blackstone Group International Partners LLP Phone: +971 (0)4 401 9203 Fax: +971 (0)4 401 9201 Location & Directions Dublin Harbourmaster Capital Management Ltd Phone: +353 1 436 0100  Fax: +353 1 436 0101 Location & Directions Düsseldorf The Blackstone Group Germany GmbH Phone: +49 211 8628400 Fax: +49 211 8628401 Location & Directions Hong Kong The Blackstone Group (HK) Limited Phone: +852 3656 8600 Fax: +852 3656 8601 Location & Directions Istanbul The Blackstone Group International Partners LLP Phone: +971 (0) 4 401 9203  Fax: +971 (0) 4 401 9201 Location & Directions

Mumbai Blackstone Advisors India Private Ltd. Phone: +91 (0)22 6752 8500 Fax: +91 (0)22 6752 8531 Location & Directions Blackstone Fund Services India Private Ltd. Phone: +91 (0)22 6752 8520 Fax: +91 (0)22 6752 8530 Location & Directions Paris The Blackstone Group International Partners LLP Phone: +33 (0)1 56 69 16 30 Fax: +33 (0)1 56 69 16 31 Location & Directions Shanghai The Blackstone Group Phone: +86 21 6169 8188 Fax: +86 21 6169 8189 Location & Directions Seoul Areof Services Limited Phone: +82 (2) 2198 2000 Fax: +82 (2) 2198 2010 Location & Directions Singapore Blackstone Real Estate Asia Pte Ltd. Phone: +65 (6850) 7500 Location & Directions Sydney The Blackstone Group Phone: +61 2 8016 7200 Fax: +61 2 8016 7201 Location & Directions Tokyo The Blackstone Group Japan K.K. Phone: +81 (03) 4577 8400 Fax: +81 (03) 4577 8401 Location & Directions

For general inquiries please contact us at info@blackstone.com.

If your inquiry is associated with your desire for a position at The Blackstone Group, please visit the Careers page.