Stories from the new economy: Blackstone Launchpad

In 2010, the Blackstone Charitable Foundation partnered with the New Economy Initiative to bring its entrepreneurial incubator, the Blackstone Launchpad, to the campuses of Wayne State University and Walsh College in the Detroit area. Originally launched at the University of Miami to promote entrepreneurial thinking and activity among undergraduate, graduate students and new alumni, the Blackstone Launchpad was expanded to new regions like Detroit, where aspiring entrepreneurs can transform untested ideas into vital businesses that lead to economic revitalization.

Since opening in 2010, WSU’s Blackstone Launchpad has connected over 400 student entrepreneurs with mentors. 88 of those students have formed companies, 44 of which are currently profitable. NEI is excited to work with the Blackstone Launchpad to help shape Detroit’s next generation of entrepreneurs.

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