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Organization:Blackstone LaunchPad

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= Overview =

[[File:BlackstoneLBL.jpg|frame~~|BlackstoneLBL.jpg~~]]Blackstone is a global alternative investment firm established in 1985. ~~ They~~ Blackstone currently ~~have~~ has $230 billion in assets, and ~~they went~~ released an initial public offering in 2007. ~~ ~~From ~~their~~ its own description:<blockquote>"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. "</blockquote>''Blackstone LaunchPad '' is a campus based entrepreneurship program, accessible by over ~~500K~~ 500,000 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~~ for 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:<blockquote>"Blackstone LaunchPad is a national model for fostering entrepreneurship through higher education. Based on a successful program at the [http://www.thelaunchpad.org/ 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."</blockquote>~~Their~~ The 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:~~

#~~A young entrepreneur completes~~ They have 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#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 simple incubation process. The subject can meet regularly with the LaunchPad staff as well.#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.#Blackstone helps bring their product to the market, and this creates new jobs in the area, leaving a lasting, sustainable network

#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

#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.

#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.

#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 Entrepreneurship Platform''' ==

VentureBoard is an online entrepreneurship platform for students, entrepreneurers, universities, and organizations.  It is the basis of Blackstone Launchpad's website, and is also available as a stand-alone product.</span~~><br/~~>

Universities and organizations that adopt VentureBoard are provided with a way to organize advising for students and aspiring (or current) entrepreneurers, as well as provide resources and track the progress and performance of their spin-offs and startups.

Ventureboard was created by Scott Block, Justin Searles, Avi Eisenberger and Jordan Goldstein, students at the University of Maryland.  The platform evolved to fill a gap they perceived in the ability of entreperenurially-minded students at their school to connect with one another to form successful startups.

~~ ~~

More information can be found on VentureBoard's website, at [http://ventureboard.co ventureboard.co].

= Impact On Students and Campus =

<div style="text-align: center"> </div><div></div><div></div><div>[[File:Wiki Graphic.png]] </div><div> </div><div>'''Recent LaunchPad Successes:'''</div>

'''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.

'''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 [https://blackstonelaunchpad.org/success here ]for more recent success stories.

= ~~~~ =

= Community Impact =

[[File:Kent-State-Launchpad.jpg]]Launch Pad at Kent State University

= Schools and associations with Blackstone LaunchPad Program  =

*Los Angeles Economic Development Corporation

~~'''Montana'''~~'''Florida'''

*University of ~~Montana~~*Montana State UniversityCentral Florida

~~'''Florida'''~~'''Michigan'''

*Wayne State University ~~of Central Florida~~*Walsh College

'''~~Pennsylvania~~Montana'''

*~~Temple~~ Universityof Montana*~~University City Science Center~~*Philadelphia Montana State University

'''Ohio'''

*Case Western Reserve University

~~~~'''~~Michigan~~Pennsylvania'''~~~~ *Wayne State University*Walsh College

*Temple University

*University City Science Center

*Philadelphia University

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

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

<div class="HeadingGeorgia" style="font-size: 32px; font-family: georgia; color: black; line-height: 38px">Contact Us</div><div class="subContentDetail" style="margin-top: 4px; width: 515px; line-height: 17px; color: rgb(94, 94, 94); font-family: Georgia, Arial, Helvetica, sans-serif"></div><div class="subHeading" style="color: rgb(94, 94, 94); font-family: Georgia, Arial, Helvetica, sans-serif; line-height: 17px"></div><div class="headerBottomSpaceText" style="padding: 0px 0px 29px; margin: 0px; color: rgb(94, 94, 94); font-family: Georgia, Arial, Helvetica, sans-serif; line-height: 17px"></div>

'''United States '''

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'''New York''' The Blackstone Group Phone: +1 212 583 5000 Fax: +1 212 583 5749 [http://blackstone.com/the-firm/our-offices/new-york-tbg Location & Directions] GSO Capital Partners LP Phone: +1 212 503 2100 Fax: +1 212 503 6930 [http://blackstone.com/the-firm/our-offices/new-york-gso Location & Directions] The Park Hill Group Phone: +1 212 583 5799 Fax: +1 212 583 5639 [http://blackstone.com/the-firm/our-offices/new-york-park-hill Location & Directions]

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'''Dallas''' The Park Hill Group Phone: +1 214 661 8390 Fax: +1 214 661 8395 [http://blackstone.com/the-firm/our-offices/dallas Location & Directions] '''Houston''' GSO Capital Partners LP Phone: +1 713 358 1400 Fax: +1 713 358 1401 [http://blackstone.com/the-firm/our-offices/houston Location & Directions] '''Los Angeles''' The Blackstone Group Phone: +1 310 310 6949 Fax: +1 310 310 6998 [http://blackstone.com/the-firm/our-offices/los-angeles Location & Directions] '''Menlo Park''' The Blackstone Group Phone: +1 650 798 3800 Fax: +1 650 798 3801 [http://blackstone.com/the-firm/our-offices/menlo-park Location & Directions] '''San Francisco''' The Park Hill Group Phone: +1 415 276 5900 Fax: +1 415 276 5919 [http://blackstone.com/the-firm/our-offices/san-francisco Location & Directions]

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'''International '''

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'''London''' The Blackstone Group International Partners LLP Phone: +44 (0)20 7451 4000 Fax: +44 (0)20 7451 4001 [http://blackstone.com/the-firm/our-offices/london-bsg Location & Directions]   GSO Capital Partners LP Phone: +44 (0)20 7758 9000 Fax: +44 (0)20 7758 9098 or 9099 [http://blackstone.com/the-firm/our-offices/london-gso Location & Directions]   The Park Hill Group Phone:  +44 (0)20 7451 4000 Fax:  +44 (0)20 7451 4091 [http://blackstone.com/the-firm/our-offices/london-park-hill 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 [http://blackstone.com/the-firm/our-offices/beijing Location & Directions] '''Dubai''' The Blackstone Group International Partners LLP Phone: +971 (0)4 401 9203 Fax: +971 (0)4 401 9201 [http://blackstone.com/the-firm/our-offices/dubai Location & Directions] '''Dublin''' Harbourmaster Capital Management Ltd Phone: +353 1 436 0100  Fax: +353 1 436 0101 [http://blackstone.com/the-firm/our-offices/dublin Location & Directions] '''Düsseldorf''' The Blackstone Group Germany GmbH Phone: +49 211 8628400 Fax: +49 211 8628401 [http://blackstone.com/the-firm/our-offices/dusseldorf Location & Directions] '''Hong Kong''' The Blackstone Group (HK) Limited Phone: +852 3656 8600 Fax: +852 3656 8601 [http://blackstone.com/the-firm/our-offices/hong-kong Location & Directions]

'''Istanbul''' The Blackstone Group International Partners LLP Phone: +971 (0) 4 401 9203  Fax: +971 (0) 4 401 9201 [http://blackstone.com/the-firm/our-offices/istanbul Location & Directions]

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'''Mumbai''' Blackstone Advisors India Private Ltd. Phone: +91 (0)22 6752 8500 Fax: +91 (0)22 6752 8531 [http://blackstone.com/the-firm/our-offices/mumbai-advisors Location & Directions] Blackstone Fund Services India Private Ltd. Phone: +91 (0)22 6752 8520 Fax: +91 (0)22 6752 8530 [http://blackstone.com/the-firm/our-offices/mumbai-fund-services 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 [http://blackstone.com/the-firm/our-offices/paris Location & Directions] '''Shanghai''' The Blackstone Group Phone: +86 21 6169 8188 Fax: +86 21 6169 8189 [http://blackstone.com/the-firm/our-offices/shanghai Location & Directions] '''Seoul''' Areof Services Limited Phone: +82 (2) 2198 2000 Fax: +82 (2) 2198 2010 [http://blackstone.com/the-firm/our-offices/seoul Location & Directions] '''Singapore''' Blackstone Real Estate Asia Pte Ltd. Phone: +65 (6850) 7500 [http://blackstone.com/the-firm/our-offices/singapore Location & Directions] '''Sydney''' The Blackstone Group Phone: +61 2 8016 7200 Fax: +61 2 8016 7201 [http://blackstone.com/the-firm/our-offices/sydney Location & Directions] '''Tokyo''' The Blackstone Group Japan K.K. Phone: +81 (03) 4577 8400 Fax: +81 (03) 4577 8401 [http://blackstone.com/the-firm/our-offices/tokyo Location & Directions]

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