Difference between revisions of "Organization:Blackstone LaunchPad"
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#Blackstone does the networking and provides the student with the proper resources they need | #Blackstone does the networking and provides the student with the proper resources they need | ||
#Blackstone helps bring their product to the market | #Blackstone helps bring their product to the market | ||
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| + | Blackstone builds these campus innovators by investing in selected campuses and providing the structure that the university can build from. | ||
= Distinct Differences From Other Offerings = | = Distinct Differences From Other Offerings = | ||
Revision as of 23:19, 3 October 2013
Contents
Overview
Blackstone is a global 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.
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.
They have a simple incubation process:
- Pair a student with a coach to develop a business idea
- Blackstone does the networking and provides the student with the proper resources they need
- Blackstone helps bring their product to the market
Blackstone builds these campus innovators by investing in selected campuses and providing the structure that the university can build from.
Distinct Differences From Other Offerings
Not a lot of campus incubators are run by an external resource, so that really makes LaunchPad stand out. As opposed by being generally limited to an alumni network and resources, LaunchPad offers the networking and resources of being a leading global venture capital firm.
Impact Achieved For Students and Campus
LaunchPad has a presence on campuses in Florida (UCF, Miami), Pennsylvania (Philadelphia, Temple) , Ohio (Kent State, Lorain Country CC, Baldwin Wallace, Case Western), and Michigan (Wayne State, Walsh College).
Blackstone predicts 200,000 student entrepreneurs, a 25% annual student growth rate, and the potential to create 2,600 new jobs at the end of it's 5 year trial period (started in 2011?).
Steps Required To Bring Resource to Campus
Awaiting contact with representatives. Will update within two weeks.
Contact Information
Awaiting contact with representatives. Will update within two weeks.
