SkyStations and Interwoven Collective are 2 of the 50 student entrepreneurs that will receive a $5,000 grant to focus for 8 weeks on advancing their student startup.
SkyStations, an electric air taxi service provider, and Interwoven Collective, a transparent, ethical retail company, have been selected to participate in the LaunchPad Summer Startup Fellowship during which college students from the U.S. and Ireland will be provided additional opportunity to validate their strategies and advance their businesses. During the program, student fellows will participate in coaching sessions with LaunchPad Campus Directors as well as mentoring from Blackstone Campus Ambassadors and Techstars Entrepreneurs and Advisors. Students will also have the opportunity to hear first-hand from entrepreneurs like Allbirds Co-Founder Tim Brown, Techstars CEO and Co-Founder David Brown, CareMessage Co-Founder Cecilia Corral, and SparkCharge Co-Founder (and LaunchPad Alum) Josh Aviv during the LaunchPad Lessons Learned speaker series.
SkyStations is a member of the McFerrin Center student business incubator and has been making significant progress in its business model and supply chain. Founder Daniel De Clute-Melancon also took home an Honorable Mention award at the 2019 Raymond Ideas Challenge. His startup wants to provide innovative transportation systems for individuals living in major metroplexes.
“We are thrilled to have Daniel and Mallory representing Texas A&M in the LaunchPad Startup Fellowship program this summer. Both of these young entrepreneurs are driven to change the world and during their time at the McFerrin Center, have each made tremendous progress in developing their business venture. The experience, resources, and network now available to them through the LaunchPad Fellowship will be incredibly valuable in helping them to achieve their next milestones and get even closer to realizing their entrepreneurial dreams.” said LauraLee Hughes, Assistant Director of New Ventures at the McFerrin Center for Entrepreneurship.
The LaunchPad Summer Startup Fellowship was developed this spring in response to a number of current challenges facing college-aged entrepreneurs: According to recent research by Glassdoor, internship opportunities dropped 52% this summer. These opportunities are crucial to informing future young entrepreneurs about their own startup ideas and helping land traditional full-time positions after graduation. Reduced professional entry-level job opportunities and strains on family finances have also increased pressure for students to ‘earn a paycheck’, and potentially postpone or forgo taking a risk on a startup idea.
Mallory Gale, the founder of Interwoven Collective, was actively engaged with the McFerrin Center of Entrepreneurship and looked forward to taking advantage of the McFerrin Center’s Mentor Mashup events and networking opportunities during the Spring of 2020. When the COVID-19 pandemic hit her plans were suddenly derailed. When asked how it felt to be selected for the LaunchPad Summer Startup Fellowship Gale commented, “When I received my acceptance email, I immediately started crying. In the weeks prior to my acceptance I had spoken to two of my partners in Ethiopia, one leader was worried about mothers in their program starving because of the pandemic and our other partner had sent all but two of her employees home during what should have been their busiest season. Receiving a $5,000 grant means that we could provide work in the most crucial time. That means women can come in and actually have a job that day. That means businesses have more runway for payroll where every $144 is a living wage for a month. This Fellowship is not just supporting my business, but providing demand for businesses that protect some of the most vulnerable groups in Adis Ababa, Ethiopia.”
In addition to coaching and mentorship from LaunchPad Campus Directors and Blackstone Campus Ambassadors throughout the 8 weeks, students will also get the chance to participate in a Techstars Mentor Week. The LaunchPad Student Startup Fellowship will conclude July 31, 2020.
About McFerrin Center for Entrepreneurship
Since its inception in 1999, the McFerrin Center for Entrepreneurship has served as the hub of entrepreneurship for Texas A&M University. Offering more than 30 enterprising programs each year, the center engages student and non-student entrepreneurs in a variety of opportunities to enhance their entrepreneurial skills. The center’s programs are touted as transformative and inspiring and have helped hundreds of student entrepreneurs to achieve their dreams.
About Blackstone LaunchPad powered by Techstars
The Blackstone LaunchPad powered by Techstars entrepreneurship network helps students succeed in entrepreneurship and in their careers. Open to all students and recent alumni in all majors, the campus-based Blackstone LaunchPad powered by Techstars network enables participants to access mentoring, grow their network, and access the resources to accelerate the success of their business. For more information, see www.blackstonelaunchpad.org
About Blackstone Charitable Foundation
The Blackstone Charitable Foundation was founded at the time of Blackstone’s IPO in 2007 with substantial commitments from the Firm’s employees. Influenced by the enterprising heritage of the firm and its founders, The Blackstone Charitable Foundation is directing its resources and applying the intellectual capital of the firm to foster entrepreneurship in areas nationwide and globally. Through its investment expertise across several asset classes and geographies, Blackstone has a unique perspective on the global economy and a heightened understanding of how entrepreneurial activity is often the crucial catalyst in the growth of successful businesses, industries, and communities. For more information, see http://www.blackstone.com/foundation.
Techstars is the global platform for investment and innovation. Techstars founders connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to grow their companies. Techstars operates three divisions: Techstars Mentorship-Driven Accelerator Programs, Techstars Corporate Innovation Partnerships, and Techstars Communities. Techstars accelerator portfolio includes more than 2,200 companies with a market cap of more than $26 billion. www.techstars.com.
For more information
Contact Stephanie Burns, Communications Coordinator, McFerrin Center for Entrepreneurship