In a recent Harvard Business Review article, Carl Schramm, former CEO of the Kauffman Foundation and author of Better Capitalism, lauded LaunchPad as one of two entrepreneurship programs in the nation that “show what does work”. “Entrepreneurs…make innovation real. If their ranks are too thin, it is a failure of society,” Schramm wrote. LaunchPad was founded at the University of Miami before Blackstone agreed to replicate the model at schools in Michigan and Ohio. As part of the White House’s Startup America Initiative, Blackstone will be replicating it at more regions around the United States. In Miami alone, LaunchPad has generated over 85 new companies, mimicking the entrepreneurial and forward-thinking ideals of Blackstone.