Being a student entrepreneur comes with a unique set of challenges. Student founders need guidance from a community that understands not just what it takes to build a company, but how to balance—and get the most out of—being both a full-time student and a full-time entrepreneur. As part of their mission to help student entrepreneurs succeed, Blackstone LaunchPad powered by Techstars is launching the inaugural 2019 LaunchPad Lift Cohort, a personalized mentorship-driven program for LaunchPad student-led ventures from the United States and Ireland.
“The Blackstone LaunchPad powered by Techstars entrepreneurship program offers students valuable on-campus support through content and mentors. Through this program, Techstars, the worldwide network that helps entrepreneurs succeed, is dedicated to supporting those students through the entrepreneurial journey from inspiration to IPO,” said David Cohen, Co-CEO of Techstars.
LaunchPad Lift will help bridge the gap between the Blackstone LaunchPad powered by Techstars programming available on each college campus and the next big steps student-led ventures need for their companies. Whether the ventures are planning to apply to an accelerator program, raise capital, or make their first hire, the LaunchPad Lift Cohort takes ventures through a personalized experience with an assigned Techstars mentor to help them succeed. In addition, ventures will be exposed to experts from the Techstars network who will share their best practices on building a business.
We asked some of our LaunchPad student-led venture founders to tell us about the impact of the program. Here’s what one wrote: “Our Blackstone LaunchPad powered by Techstars mentors have been critical to our success. Between mentorship and connections, we have grown and accelerated our progress tenfold by being a part of this community!”
We’re excited to announce that seven student-led ventures, who presented at the 2018 LaunchPad Training Camp, were selected to join the inaugural LaunchPad Lift Cohort. These seven ventures are from the LaunchPad Global Network and the founders represent seven schools in four states and two countries, with ventures in seven distinct industries. Additionally, over 50% of the startups in the 2019 LaunchPad Lift Cohort have diverse founding teams that include women and people of color.
Blackstone LaunchPad powered by Techstars selected these ventures based on several factors: live pitches and peer voting at the LaunchPad Training Camp, mentor feedback, and a review process conducted by the Blackstone and Techstars team to assess the strength of each team’s business model and concept, coach-ability, and venture stage, as well as the team’s passion and their ability to fully utilize a mentor to grow.
“Over the course of the 2018 LaunchPad Training Camp, I had the opportunity to meet with ventures from over twenty universities, hear their pitches, and get to know the entrepreneurs. I was incredibly impressed by these student ventures—the diversity of ideas, the commitment to entrepreneurship, and the potential for scalable impact were all exceptional,” said Amy Stursberg, Executive Director of the Blackstone Charitable Foundation.
LaunchPad Lift will run for 10 weeks, from January 28 through April 1, 2019. Each participating student-led venture will receive a $10,000 grant upon program completion, and join the Blackstone Charitable Foundation and Techstars team at a closing event in New York City.
Meet the Seven Ventures:
CALM (Temple): CALM is a small device that uses pulses of vibrations to influence the brain and de-escalate rising stress and anxiety attacks.
Combplex (Cornell): Combplex is an innovative solution to beekeepers’ number one problem, eliminating the parasites killing their bees.
Lazarus (Texas A&M): Lazarus provides a unique degree of lethality by designing projectiles that penetrate a threat, then minimize blood loss post-penetration in order to preserve life.
My Wellbeing (NYU): My Wellbeing connects therapy-seekers to compatible therapist and coach matches in NYC.
Petitas (USC): Petitas LA is a clothing brand by and for petite, professional women.
Shower Stream (UT Austin): The Shower Stream is a smart shower head adapter that installs as easily as a light bulb, saves water waste, proves the savings via the web, and is completely unobtrusive to the user.
NUA Surgical (NUI Galway): NUA Surgical is developing a novel medical device to make caesarean delivery a safer and more superior surgery.
The Blackstone Charitable Foundation and Techstars partnership increases the chances for collegiate ventures to succeed by ensuring they have the resources they need to thrive. The Blackstone LaunchPad powered by Techstars entrepreneurship program is accessible by over 500,000 college students globally and designed to support and mentor students, staff, and alumni entrepreneurs regardless of major, experience, or discipline.