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Philadelphia University Faculty Member to Pitch Sustainable Laundry Firm at Blackstone LaunchPad Demo Day Oct. 28

PHILADELPHIA, Oct. 24, 2014— Philadelphia University sustainable design faculty member Gabriel Mandujano will represent PhilaU’s Blackstone LaunchPad as one of just 20 finalists nationwide selected to pitch their businesses at the first Blackstone LaunchPad Demo Day on Oct. 28 in New York. Mandujano, founder and CEO of the eco-friendly firm Wash Cycle Laundry, will have 10 minutes to convince a panel of Blackstone leaders that his venture is deserving of some of the $50,000 in prize money from the Blackstone Charitable Foundation. Judges at the event will include Stephen A. Schwarzman, Blackstone’s chairman, CEO and co-founder, and other Blackstone executives, who will assess the ventures’ products, business models and scalability potential. The top three presenters will get a share of the business development funding. Blackstone LaunchPad is a co-curricular, experiential, campus program designed to introduce entrepreneurship as a viable career path and develop entrepreneurial skills and mindsets through individualized coaching, idea and venture creation support. Modeled after a program at University of Miami and further developed and expanded by Blackstone Charitable Foundation, the program is currently available to more than 350,000 students at 15 colleges and universities nationwide. Since its establishment at Philadelphia University in February 2014, some 35 ventures have been advised, including Wash Cycle. “Entrepreneurship is central to Blackstone’s culture, and is the single most effective way to spur economic growth and job creation,” Schwarzman said. “The new and innovative companies participating in the Blackstone LaunchPad Demo Day have the potential to impact their local economies, and we look forward to seeing them do so.” To prepare for his pitch, Mandujano has been utilizing PhilaU’s LaunchPad coaching resources to hone his presentation skills and messages. Through the University City Science Center, the Blackstone LaunchPad Philadelphia Regional Partner, Mandujano had a private coaching session with “pitch doctor” Steve Bowman, a start-up consultant, and rehearsed his pitch in front of an audience of investors and others in the region’s entrepreneurial ecosystem. Zoe McKinley, PhilaU LaunchPad director, has been working with Mandujano to refine his pitch and clarify his fundraising strategy. “He already has a functioning company, but he is at a stage where he needs to raise additional outside capital,” she said. Wash Cycle Laundry, based in Philadelphia, is an environmentally and socially conscious service that uses bicycle pick-up and delivery as a carbon-free means of transportation and high- efficiency washers and dryers to reduce water and energy use by about 30 percent. The firm also gives back to the community by hiring employees through Philadelphia Works and Gearing Up, two local nonprofits that help the unemployed find work. Since its start in 2010, the company has expanded to Washington D.C. and Austin, Texas, and now employs some 45 people at its three locations. “We’ve shown with our first two expansions that we can quickly and cheaply launch into new markets,” said Mandujano, who teaches a course in sustainable organizations in PhilaU’s graduate program in sustainable design. “Now we’re eager to start expanding as quickly as we can.” PhilaU’s Blackstone LaunchPad is funded by a grant by the Blackstone Charitable Foundation and offers support for pursuing business start-ups. The $3 million grant established a partnership between Philadelphia University, Temple University and the University City Science Center to provide students with the skills, knowledge and guidance to transform new ideas into successful business ventures. The Blackstone LaunchPad Demo Day is part of a wider meeting of representatives from Blackstone LaunchPad programs around the country, who will share best practices, discuss strategies for program implementation and innovation and, as part of the Demo Day segment, showcase the most promising ventures from their respective institutions. About Philadelphia University Philadelphia University, founded in 1884, is a private university with 3,600 students enrolled in more than 70 undergraduate and graduate programs. As the model for professional university education, the University prepares students to be leaders in their professions in an active, collaborative and real-world learning environment infused with the liberal arts. Philadelphia University includes the innovative Kanbar College of Design, Engineering and Commerce; the College of Architecture and the Built Environment; and the College of Science, Health and the Liberal Arts. For more information, go to www.PhilaU.edu. Learn more about the PhilaU Blackstone LaunchPad here. About the 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.

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Kristen Fitch

Kristen Fitch

Director, Marketing