University of Texas Institutions Receive $5 Million to Expand Blackstone LaunchPad to Other Campuses

Northampton, MA –News Direct– Blackstone

/3BL Media/ — The Blackstone Charitable Foundation today announced the expansion of its Blackstone LaunchPad student entrepreneurship programming from two to eight campuses in the University of Texas system, bringing the network and resources of the initiative to a more diverse set of students.

The $5 million expansion will give even more students critical access to resources, opportunities, and mentorship at the following campuses: UT El Paso, UT Permian Basin, UT Rio Grande Valley, UT San Antonio, UT Medical Branch and UT Southwestern. UT Austin and UT Dallas have been LaunchPad sites since 2016. With four of the six campuses included in this expansion designated Hispanic Serving Institutions (HSIs), LaunchPad is doubling the number of HSIs in its network, demonstrating its commitment to increasing inclusion in the student entrepreneurship.

“Expanding LaunchPad to more UT institutions helps build a stronger pipeline of student entrepreneurs in Texas. This experience will encourage them to generate new ideas and one day launch businesses and drive job growth,” said UT System Chancellor James B. Milliken. “We are grateful to the Blackstone Charitable Foundation for their generous contribution and for their efforts to reach a more diverse student body across Texas.”

UT students will be able to develop their ideas outside of the classroom using LaunchPad’s events, mentorships, and exceptional network to help them succeed in their businesses. At UT Austin and UT Dallas, LaunchPad has been available to more than 60,000 students overall, including more than 14,000 engaged in programming each year.

“We are extremely excited to help student entrepreneurs bring their ideas to life,” said Amy Stursberg, executive director of the Blackstone Charitable Foundation. “LaunchPad provides invaluable experience in helping students learn entrepreneurial skills that will help them contribute to Texas’ economic growth and prepare them for today’s workforce.”

The Blackstone Charitable Foundation created LaunchPad in 2008 and partnered with Techstars eight years later to provide participants with access to its network of over 10,000 mentors, invitations to signature events like Startup Week and Startup Weekend , and access to world-class startup content and services. . With Future Founders, Blackstone LaunchPad is offering an 8-week seasonal scholarship, during which student founders receive $5,000 in non-dilutive grants to support their time working on advancing their businesses as well as access to workshops and to networks of advisers. Startup Grind also serves as an event partner and offers a new student membership for LaunchPad attendees.

Blackstone LaunchPad also helps student entrepreneurs navigate the complex landscape of fundraising, placement, and recruitment. LaunchPad has been successful on 24 campuses in the United States and Ireland, providing nearly 750,000 students with access to the resources, personal connections and professional networks they need to get their businesses off the ground.

About the Blackstone Charitable Foundation

The Blackstone Charitable Foundation was founded at the time of Blackstone’s IPO in 2007 with substantial commitments from company employees. Influenced by the entrepreneurial heritage of the company and its founders, the Blackstone Charitable Foundation directs its resources and applies the company’s intellectual capital to foster entrepreneurship. With expertise in investing across multiple asset classes and geographies, Blackstone has a unique perspective on the global economy and a deep understanding of how entrepreneurial activity is often the crucial catalyst for business growth, thriving industries and communities. For more information, visit http://www.blackstone.com/foundation.

contactsMediaEmilie Stanton [email protected] 347-331-9196

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