Following the early success of the Blackstone LaunchPad program, we agreed to expand it to five additional regions as part of the White House’s Startup America initiative, bringing us to our fifth region, California. At $3.5 million, this will be our largest LaunchPad grant, and will reach over 100,000 students in the state. In California, we will implement the program at the University of Southern California, University of California Los Angeles and University of California Irvine. Our local partner, the Los Angeles Economic Development Corporation, will oversee and implement the program. This regional network will link entrepreneurial communities across southern California with each other, and with those in other states where we have brought the Blackstone LaunchPad program, encompassing roughly 350,000 students nationwide.
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