The Foundation committed $3.6 million to support the formation of The Blackstone Entrepreneurs Network in North Carolina, a dense system of entrepreneurial support in the State’s Research Triangle Park (RTP). Working in partnership with
, North Carolina Central University
, North Carolina State University
, University of North Carolina at Chapel Hill
and the Council for Entrepreneurial Development
, this three-year initiative is helping the Research Triangle Park (RTP) realize its potential to become headquarters for America’s next high-growth companies.
The RTP was developed 50 years ago, with a vision to build businesses around world-class research institutions. Despite this promising start and nearly $2 billion annually in research funding, North Carolina has lagged other regions in generating fast-growth companies. This, coupled with North Carolina’s current high unemployment rate, makes it critically important that the state accelerate entrepreneurial activity.
This process is overseen by the Network’s Executive Director, Robert Creeden, founder and managing partner of Partners Innovation Fund (PIF) of Boston.
Please visit www.blackstoneentrepreneursnetwork.org for more information.