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Category: Resources
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:
<span style="color: rgb(94, 94, 94); font-family: Georgia, Arial, Helvetica, sans-serif; font-size: 14px; line-height: 17px;">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. </span>
= Purpose =
Blackstone's Charitable Foundation includes an "Entrepreneurship Initiative", a part of which is their Blackstone LaunchPad program. From their description:
<span style="color: rgb(94, 94, 94); font-family: georgia; font-size: 14px; line-height: 17px;">Blackstone LaunchPad is a national model for fostering entrepreneurship through higher education. Based on a successful program at the </span>[http://www.thelaunchpad.org/ University of Miami]<span style="color: rgb(94, 94, 94); font-family: georgia; font-size: 14px; line-height: 17px;">, 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.</span>
They have a simple incubation process:
**Walsh College
[[File:Kent-State-Launchpad.jpg|thumb|right|200px|Kent-State-Launchpad.jpg]]
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?).
