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Grants will help will help train entrepreneurs in Cleveland

money1_grants_copyThe partnership called Blackstone LaunchPad was developed in 2008 at the University of Miami, where organizers say it generated 65 start-up ventures and 120 jobs and involved 2,000 students.

 

CLEVELAND - Two foundations have pledged $3.2 million to help train a new generation of entrepreneurs at four northeast Ohio campuses.

 

The three-year partnership was announced Friday by the Blackstone Charitable Foundation of New York and the Burton D. Morgan Foundation in suburban Cleveland.

 

The grants will be shared by Baldwin-Wallace College, Case Western Reserve University, Kent State University and Lorain County Community College. Campus leaders planned to detail the program at a morning news conference.

 

The goal is to give students and alumni skills and guidance to start new companies. It's part of a $50 million initiative sponsored by the Blackstone foundation.

 

The partnership called Blackstone LaunchPad was developed in 2008 at the University of Miami, where organizers say it generated 65 start-up ventures and 120 jobs and involved 2,000 students.




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