Macomb, Oakland and Wayne County Students Participating in FAFSA Challenge to Receive Nearly $54 Million in Student Aid

Detroit, Mich. (April 3, 2018) – More than 6,500 students in Macomb, Oakland and Wayne counties that participated in the Detroit Regional Chamber’s annual “Race to the FAFSA Line” challenge will receive an estimated $53.5 million in funding from completing their Free Application for Federal Student Aid (FAFSA). For the second year, the Chamber’s Detroit Drives Degrees initiative held the challenge to encourage high school seniors to apply for college aid and increase the regional completion rate.

The Chamber launched the challenge last year, but despite the hard work of school counselors and local college access networks, Southeast Michigan students left potentially $167 million in federal aid on the table by not filling out the FAFSA. According to the National College Access Network, high school graduates who complete the FAFSA are 63 percent more likely to enroll in college.

The goal of the challenge is to increase FAFSA completion among high school seniors in Macomb, Oakland and Wayne counties to 65 percent and encourage them to take the next step to postsecondary education. The current completion rate for the three counties is 50 percent, and will increase through the open application period, which closes on June 30.

Sixty-five schools throughout Macomb, Oakland and Wayne counties registered for the competition. The 2018 winners include:

  • Grand Prize Winner for Overall Most Improved FAFSA Completion: Frontier International Academy (Detroit) 45 percentage point improvement.
  • Most Improved FAFSA Completion for Medium Schools: Cesar Chavez Academy High School (Detroit) 31 percentage point improvement.
  • Most Improved FAFSA Completion for Large Schools: Fordson High School (Dearborn), 11 percentage point improvement.
  • Most Innovative FAFSA Completion Strategy: Voyageur College Preparatory High School (Detroit) 65 percent completion rate.
  • Highest Overall FAFSA Completion Rate: Trillium Academy (Taylor) 84 percent completion rate.

As grand prize winner, Frontier International Academy will be awarded an all-day senior class party and the four other winners will receive VIP movie screenings, courtesy of Emagine Entertainment.

The challenge was a collaborative effort involving the following partners: Detroit College Access Network (DCAN), Emagine Entertainment, Michigan College Access Network (MCAN), Oakland Schools, Wayne RESA, and several local college access networks. The challenge was supported by: Chemical Bank, the Detroit Pistons, DTE Energy, Grand Valley State University Charter Schools Office, Independent Bank, Kerkstra Precast and the University of Michigan-Dearborn.

 About Detroit Drives Degrees

Detroit Drives Degrees works to improve education attainment to increase economic prosperity and social mobility in the Detroit region. An initiative of the Detroit Regional Chamber’s Forward Detroit economic development strategy, it is dedicated to increasing access to college, improving college graduation success and retaining graduates. The Leadership Council, formed through the initiative, mobilizes regional leaders in business, education, government and the philanthropic and nonprofit sectors to increase the postsecondary degree attainment rate in the region to 60 percent by 2025. To learn more, visit detroitdrivesdegrees.com.

About Detroit Regional Chamber

Serving the business community for more than 100 years, the Detroit Regional Chamber is one of the oldest, largest and most respected chambers of commerce in the country. The Chamber’s mission of powering the economy for Southeast Michigan is carried out through economic development, education reform, regional collaboration and providing valuable benefits to members. For more information, please visit detroitchamber.com.

About the Detroit College Access Network

The Detroit College Access Network (DCAN) is the coordinating body of cross-sector leaders and organizations in Detroit working together to ensure all Detroit students have the opportunity to attend college. It is a network of organizations – bigger than any one program or initiative – leveraging a collective impact model to align and connect existing programs, schools, businesses and community resources to improve college enrollment and graduation rates for all Detroit students. DCAN’s mission is to increase postsecondary readiness, enrollment and attainment so that all students in Detroit can achieve their educational dreams. To learn more, visit detroitcan.org.

About Emagine Entertainment

Emagine Entertainment’s affiliates currently own and operate luxury theatres in Michigan, Illinois, and Minnesota.  Emagine operates theatres with a combined 24,500 seats and 208 screens. Later this summer, Emagine will open an 8-screen theatre in the Town of Lyons, Wisconsin.  Emagine has led the way in bringing luxury theatres to the metropolitan Detroit market.  Emagine enjoys the honor and distinction of being named “Best Movie Theatre” for several years running by the Detroit Free Press, The Detroit News, and WDIV-TV 4 television.

About the Michigan College Access Network

As the leader in the state’s college access movement, the Michigan College Access Network’s mission is to increase Michigan’s college readiness, participation and completion rates, particularly among low-income, first-generation college-going students, and students of color. For the seventh year in a row, Michigan’s postsecondary educational attainment rate has increased – from 35.7 percent of 25- to 64-year-olds possessing at least an associate degree in 2008, to 39.4 percent in 2016. Additionally, it is estimated another 4 percent of Michiganders have a high-quality certificate, bringing Michigan’s official attainment rate to 43.7 percent. It is MCAN’s goal to increase Michigan’s postsecondary educational attainment rate to 60 percent by the year 2025. For more information, visit micollegeaccess.org.

Macomb, Oakland and Wayne County Students Participating in FAFSA Challenge to Receive Nearly $54 Million in Student Aid

Detroit, Mich. (April 3, 2018) – More than 6,500 students in Macomb, Oakland and Wayne counties that participated in the Detroit Regional Chamber’s annual “Race to the FAFSA Line” challenge will receive an estimated $53.5 million in funding from completing their Free Application for Federal Student Aid (FAFSA). For the second year, the Chamber’s Detroit Drives Degrees initiative held the challenge to encourage high school seniors to apply for college aid and increase the regional completion rate.

The Chamber launched the challenge last year, but despite the hard work of school counselors and local college access networks, Southeast Michigan students left potentially $167 million in federal aid on the table by not filling out the FAFSA. According to the National College Access Network, high school graduates who complete the FAFSA are 63 percent more likely to enroll in college.

The goal of the challenge is to increase FAFSA completion among high school seniors in Macomb, Oakland and Wayne counties to 65 percent and encourage them to take the next step to postsecondary education. The current completion rate for the three counties is 50 percent, and will increase through the open application period, which closes on June 30.

Sixty-five schools throughout Macomb, Oakland and Wayne counties registered for the competition. The 2018 winners include:

  • Grand Prize Winner for Overall Most Improved FAFSA Completion: Frontier International Academy (Detroit) 45 percentage point improvement.
  • Most Improved FAFSA Completion for Medium Schools: Cesar Chavez Academy High School (Detroit) 31 percentage point improvement.
  • Most Improved FAFSA Completion for Large Schools: Fordson High School (Dearborn), 11 percentage point improvement.
  • Most Innovative FAFSA Completion Strategy: Voyageur College Preparatory High School (Detroit) 65 percent completion rate.
  • Highest Overall FAFSA Completion Rate: Trillium Academy (Taylor) 84 percent completion rate.

As grand prize winner, Frontier International Academy will be awarded an all-day senior class party and the four other winners will receive VIP movie screenings, courtesy of Emagine Entertainment.

The challenge was a collaborative effort involving the following partners: Detroit College Access Network (DCAN), Emagine Entertainment, Michigan College Access Network (MCAN), Oakland Schools, Wayne RESA, and several local college access networks. The challenge was supported by: Chemical Bank, the Detroit Pistons, DTE Energy, Grand Valley State University Charter Schools Office, Independent Bank, Kerkstra Precast and the University of Michigan-Dearborn.

 About Detroit Drives Degrees

Detroit Drives Degrees works to improve education attainment to increase economic prosperity and social mobility in the Detroit region. An initiative of the Detroit Regional Chamber’s Forward Detroit economic development strategy, it is dedicated to increasing access to college, improving college graduation success and retaining graduates. The Leadership Council, formed through the initiative, mobilizes regional leaders in business, education, government and the philanthropic and nonprofit sectors to increase the postsecondary degree attainment rate in the region to 60 percent by 2025. To learn more, visit detroitdrivesdegrees.com.

About Detroit Regional Chamber

Serving the business community for more than 100 years, the Detroit Regional Chamber is one of the oldest, largest and most respected chambers of commerce in the country. The Chamber’s mission of powering the economy for Southeast Michigan is carried out through economic development, education reform, regional collaboration and providing valuable benefits to members. For more information, please visit detroitchamber.com.

About the Detroit College Access Network

The Detroit College Access Network (DCAN) is the coordinating body of cross-sector leaders and organizations in Detroit working together to ensure all Detroit students have the opportunity to attend college. It is a network of organizations – bigger than any one program or initiative – leveraging a collective impact model to align and connect existing programs, schools, businesses and community resources to improve college enrollment and graduation rates for all Detroit students. DCAN’s mission is to increase postsecondary readiness, enrollment and attainment so that all students in Detroit can achieve their educational dreams. To learn more, visit detroitcan.org.

About Emagine Entertainment

Emagine Entertainment’s affiliates currently own and operate luxury theatres in Michigan, Illinois, and Minnesota.  Emagine operates theatres with a combined 24,500 seats and 208 screens. Later this summer, Emagine will open an 8-screen theatre in the Town of Lyons, Wisconsin.  Emagine has led the way in bringing luxury theatres to the metropolitan Detroit market.  Emagine enjoys the honor and distinction of being named “Best Movie Theatre” for several years running by the Detroit Free Press, The Detroit News, and WDIV-TV 4 television.

About the Michigan College Access Network

As the leader in the state’s college access movement, the Michigan College Access Network’s mission is to increase Michigan’s college readiness, participation and completion rates, particularly among low-income, first-generation college-going students, and students of color. For the seventh year in a row, Michigan’s postsecondary educational attainment rate has increased – from 35.7 percent of 25- to 64-year-olds possessing at least an associate degree in 2008, to 39.4 percent in 2016. Additionally, it is estimated another 4 percent of Michiganders have a high-quality certificate, bringing Michigan’s official attainment rate to 43.7 percent. It is MCAN’s goal to increase Michigan’s postsecondary educational attainment rate to 60 percent by the year 2025. For more information, visit micollegeaccess.org.

Kyyba Xcelerator, Bodman PLC and TiE Detroit to host Pitch Club Nov. 29th at SPARK Ann Arbor

Kyyba Xcelerator, Bodman PLC and TiE Detroit are hosting Pitch Club on Wednesday, November 29th at SPARK Ann Arbor. Pitch Club is a mentoring and funding program aimed at connecting the various ecosystems and smart zones throughout Michigan. Pitch Club has ongoing monthly events that provide entrepreneurs the opportunity to learn from seasoned entrepreneurs and investors. The events are meant to educate, network, inspire and provide valuable experiences for being investable. As part of the events, 3 lucky entrepreneurs will receive the opportunity to practice their pitch and discuss business plan with funding experts, giving them a better understanding the mindset of an investor. Events are hosted monthly on Wednesday evenings in Michigan cities including: Ann Arbor, Detroit, Lansing and Grand Rapids.

The November 29th event at SPARK Ann Arbor will include 3 startup presentations, a pool of judges, and a special guest “Founder & CEO” keynote speaker. The application deadline for startups is Sunday November 12, 2017. Apply here: http://kyybaxcelerator.com/pitch-club-application.php

Keynote Speaker
Paul Glantz, Founder and Chairman of Emagine Entertainment, Inc. and CEO of Proctor Financial Inc.

Judges
Robi Mitra, CEO, K&A Resource Group
Steve Jbara , Owner, Grand Rapids Drive
Tember Shea, Director inGAGE, Inforum
Patrick Falle, Global Chief Evangelist/Founding Investor, Avalara
Sridhar Lakshmanan, Educator, Entrepreneur, Mentor, University of Michigan, Dearborn
David C. Bloom, Founder and Principal, Factotem

Agenda
5:10pm – 5:25pm Registration
5:25pm – 5:30 pm Opening Remarks
5:30pm-6:30pm Company Presentations
6:30pm-6:35pm – 2 minute break, and introduction of Keynote
6:35pm-6:55pm –Keynote, Paul Glantz, Founder & Chairman of Emagine Entertainment, Inc. & CEO, Proctor Financial Inc
6:55pm – 7:10 pm – Q&A with Audience
7:10 pm – 7:30 pm Networking

Thank you to our sponsors
Rehmann
Bondman PLC
TiE Detroit
Ann Arbor SPARK

Check out the entire calendar and get registerd here: http://kyybaxcelerator.com/calendar-registration.php

The select pool of the companies chosen to pitch at the monthly Pitch Club events will be provided investment opportunities in the form of presenting to the investment team of Kyyba Xcelerator and TiE Detroit Angels during their quarterly Angels meeting. Investment opportunities will range from $25,000 to $100,000. TiE Detroit Angels funded companies, if qualifications are met, also could have the chance to present to the TiE Global Angel Alliance (TGAA). TGAA is a global platform for funding that exposes startups to a broader investment pool and opportunities to raise additional funds much larger than any single TiE Chapter or local Angel Group. TGAA recently invested $395,000 in Zeto, and $450,000 for Hemex Health from the TiE Global network.
Testimonials

“Pitch Club provides a tremendous opportunity for cross-pollination and increased deal flow across Michigan, something that currently is not at the level it should be. This program will be very valuable for both the startup entrepreneurs and investors and will hopefully create a meaningful dialogue, as well as a technological and economic impact for the entire region,” said Tel Ganesan, Managing Director, Kyyba Xcelerator. “In order to make this initiative even more successful, I encourage seasoned entrepreneurs in each of these areas to join us by serving as a mentor.”

“From the elevator pitch to the public pitch to the investor pitch, the more successful entrepreneurs are pitching, the more integral this will become to their success. We are pleased to partner with Kyyba Xcelerator to help entrepreneurs to gain exposure, insights and support that will help them truly move the needle,” said Paul Riser, Director of Technology-Based Entrepreneurship at TechTown Detroit.
“Access to investors and the opportunities to pitch without having to travel are signs of a healthy startup ecosystem,” said Paul Krutko, president and CEO of Ann Arbor SPARK. “We are excited to have the Ann Arbor region included in Pitch Club; this new avenue for connecting startups and potential funders is a terrific addition to the existing ways entrepreneurs are able to attract capital as well as the investors already interested in what’s happening here.”
About Kyyba Xcelerator (KX):
Kyyba Xcelerator is a global second stage startup accelerator investing in technology and IP related startups in broad based industries. KX provides a custom acceleration program and scaling services to startups, including Customer Development, Product Development and Investment in exchange for equity. Industries Include: Health, Mobility, IoT, Industrial, Energy, Automotive, BlockChain and Fintech.


About Bodman PLC:
With more than 150 attorneys in offices throughout Michigan, Bodman PLC has delivered extraordinary results to our clients for more than 85 years. Our attorneys provide savvy business counsel to some of the region’s most successful companies and individuals on a broad range of issues, and we provide clients with the personal attention of a small firm with the talent and skill expected of the nation’s leading law firms.

About TiE:
The Indus Entrepreneurs (TiE), was founded in 1992 in Silicon Valley by a group of successful entrepreneurs, corporate executives, and senior professionals with roots in the Indus region. There are currently 13,000 members, including over 2,500 charter members in 61 chapters across 18 countries. TiE’s mission is to foster entrepreneurship globally through mentoring, networking, education, incubating, and funding. Dedicated to the virtuous cycle of wealth creation and giving back to the community, TiE’s focus is on generating and nurturing our next generation of entrepreneurs.

Sarah Myrand
Kyyba Xcelerator
sarahm@kyybaxcelerator.com
248-254-4043

Detroit Drives Degrees Kicks off Annual Challenge to Connect More Students with College Financial Aid

By Tiffany Jones

In an effort to put more of the $90 million in federal aid that went unclaimed in Michigan last year into the hands of students, Detroit Drives Degrees kicked off its second annual “Race to the FAFSA Line” Challenge, which promotes the completion of the Free Application for Federal Student Aid (FAFSA). The Challenge offers incentives to students, counselors and high schools to complete the form and runs through Feb. 28, 2018. Detroit Drives Degrees, an initiative of the Detroit Regional Chamber’s Forward Detroit strategy, works to strengthen the talent pipeline by increasing the number of adults with postsecondary degrees in the region.

The goal of the Challenge is to increase FAFSA completion among high school seniors in Macomb, Oakland and Wayne counties to 65 percent. In its inaugural year, the Challenge and a variety of other efforts boosted the completion rate to 59 percent in 2016, up from 55.6 percent.

The National College Access Network states that high school graduates who complete the FAFSA are 63 percent more likely to enroll in college and by 2025, 70 percent of jobs will require a postsecondary credential.

In order to participate, high schools must register at DetroitDrivesDegrees.com. More than 85 schools participated in the 2016 competition. The school with the highest completion rate will win a senior all-night party, courtesy of Emagine Entertainment. Additional prizes from Emagine and the Detroit Pistons will be awarded to participating schools and student teams across the region.

The Challenge is sponsored by Chemical Bank, DTE Energy, Grand Valley State University Charter Schools Office, Independent Bank, Kerkstra Precast and University of Michigan-Dearborn. In addition to Emagine Entertainment and the Detroit Pistons, other Challenge partners include: Detroit College Access Network, Frank FAFSA, Macomb Intermediate School District, Michigan College Access Network, Oakland Community College, Oakland Schools, University of Michigan, Wayne County Regional Education Service Agency, and numerous local college access networks.