$2M Achieves Liftoff For Detroit Launch Pad

Wayne State University in Detroit and Walsh College in Troy, MI, will get an entrepreneur training program called The Launch Pad off the ground thanks to a $2 million grant from the Blackstone Charitable Foundation. Detroit’s New Economy Initiative will partner with New York-based Blackstone to launch the program that it hopes will be come a “national model for fostering entrepreneurship through higher education.” A similar program at the University of Miami attracted more than 1,000 students and young alumni who received support enabling them to create 45 new businesses and 102 new jobs, according to Blackstone.

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