Blackstone expands student startup program to 5 NY colleges

ALBANY, N.Y. (AP) – A charitable foundation associated with the investment firm Blackstone is launching a program to help New York college students become successful entrepreneurs.

Blackstone Charitable Foundation announced the move Friday. The foundation already operates the program in six other states.

Through the $4.5 million, three-year initiative, known as LaunchPad, students at five New York campuses can interact with a network of entrepreneurs, companies and mentors to help them refine and advance their business ideas.

The five universities participating are Cornell University, New York University, Syracuse University, the State University at Albany and the University at Buffalo. The program is open to students in any field of study.

Sen. Charles Schumer praised the program, which he said will be a “tremendous resource” for students, universities and the economy.

(Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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