Blackstone Charitable Foundation Awards $1.4 Million to Expand Entrepreneurship Initiative to Montana

The , the charitable arm of global private equity firm Blackstone Group, has announced a three-year, $2 million grant to expand the program to Montana.

Awarded as part of the foundation's five-year, $50 million , the grant will be used by , the , and to provide students with access to entrepreneurial resources and support services that can help them turn their ideas into job-creating companies.

Among other things, the program will foster connections among the university and the local business community, with the goal of creating an environment that nurtures young entrepreneurs and provides them with the skills and networks they need to succeed. The program is open to all students at both universities, regardless of major.

"Entrepreneurship is the single most effective way to spur economic growth and job creation," said Blackstone president and COO Tony James. "We must all play a role in nurturing talent, and through Blackstone LaunchPad, students will have access to an expanded universe of resources and years of institutional knowledge, helping them launch ventures that can take root locally and strengthen Montana's economy."

"." Blackstone Charitable Foundation Press Release 07/19/2013.