The Blackstone Charitable Foundation commits $ 2 million to four historically black colleges and universities in North Carolina and Maryland

NORTHAMPTON, MA / ACCESSWIRE / November 7, 2022 / The Blackstone Charitable Foundation announced today that it has committed $ 2 million to expand access to its entrepreneurial skills development program, Blackstone LaunchPad, to all students at four historically black colleges and universities (HBCUs).

Blackstone LaunchPad equips students with the skills to better prepare them for their career paths, whether they decide to start their own business or work within an organization. Last year, the Blackstone Charitable Foundation announced a $ 40 million commitment to further expand the Blackstone LaunchPad to institutions serving minorities and community colleges and reach more students, particularly those who would otherwise not have access to these opportunities. .

Blackstone LaunchPad’s campus programming and nationwide network will provide students at Morgan State University, Bowie State University, North Carolina A&T University, and North Carolina Central University with the resources and opportunities to support their entrepreneurial efforts and preparation for career.

“We are thrilled to partner with these schools and welcome their talented students to our community,” said Maura Pally, executive director of the Blackstone Charitable Foundation. “We hope all students will engage with Blackstone LaunchPad and leave with an expanded network and key entrepreneurial skills that will prepare them for success in any career or business they pursue.”

“Bowie State University is grateful for the Blackstone Charitable Foundation’s recognition and investment in HBCU excellence,” said Aminta H. Breaux, president of Bowie State University. “The partnership with Blackstone LaunchPad at BSU will support many initiatives and programs already planned or implemented in our growing business ecosystem.”

“We are grateful for this new collaboration with the Blackstone Charitable Foundation, as it builds on the excellent work we have already done to expose our gifted students to embrace innovative ideas and develop an entrepreneurial mindset,” said David K. Wilson, President of Morgan State University. “By leveraging the generous resources made available through the foundation, we seek to promote our students’ business acumen and creative approach to problem solving as they develop and launch the businesses of the future.”

“We want to show students how the entrepreneurial mindset isn’t just about starting a business. It’s also about the ability to effectively solve problems and bring holistic value to the world,” said Antwon Foreman, entrepreneurship instructor at Willie A. Deese of A&T College of Business and Economics who will serve as director of this program. “This funding will be used primarily to create programs and initiatives to increase entrepreneurial engagement with entrepreneurship contests and possibly even an entrepreneurship accelerator on campus.”

“The partnership between Blackstone Launchpad and NCCU CEED is critical to delivering CEED’s promise to be a champion for entrepreneurship within the university,” reflects Dr Anthony Nelson, Dean of the NCCU School of Business. “This relationship gives us the ability to extend our resources by providing information, guidance and support to students aspiring to own their own businesses.”

Blackstone LaunchPad will help cultivate student startup ideas and increase access to an internship and job opportunity pipeline. Students will be able to participate in national programs such as pitch competitions, scholarships and bootcamps, where they will have the opportunity to win cash prizes and build an enduring network of professional relationships.

Over the past year, Blackstone LaunchPad has expanded to six additional campuses in the University of Texas system, five Hispanic and HBCU service institutes, and nine schools in the City University of New York (CUNY) system. Blackstone LaunchPad is present in 50 schools across the country and is growing.

About Blackstone
Blackstone is the largest alternative asset manager in the world. We seek to create positive economic impact and long-term value for our investors, the companies we invest in and the communities in which we operate. We do this by using amazing people and flexible capital to help companies solve problems. Our $ 941 billion of assets under management include investment vehicles focused on private equity, real estate, public debt and equities, infrastructure, life sciences, growth equity, opportunistic credit, non-investment grade, real assets and secondary funds, all on a global basis. More information is available at Follow @blackstone on LinkedIn, Twitter and Instagram.

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Emilia Stanton
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Blackstone, Monday, November 7, 2022, photo from the press release

Blackstone, Monday, November 7, 2022, photo from the press release

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