Young Entrepreneurs from the Metro Detroit Young Entrepreneurs Academy to Obtain Funding to Launch Enterprises
DEARBORN, MI– Metro Detroit student entrepreneurs will take the stage to present their business plans before a panel of local leaders of industry and a public audience on Thursday, March 24 from 5:30 – 8:00 pm at the Arab American National Museum in Downtown East Dearborn.
15 students in grades 6 through 12 representing 12 businesses and social movements from the Metro Detroit Young Entrepreneurs Academy (YEA!), hosted by the Dearborn Area Chamber of Commerce, will have five minutes to pitch their business plans to prominent local members of the business community during the program’s “nail-biting” Investor Panel Event (think Shark Tank meets The Apprentice meets American Idol!). Based on the appeal and merit of the students’ plans and presentations, representatives from area businesses and organizations will determine the amount of funds to allocate to each business or social movement.
“This unique event will allow students to pitch their business plans in an effort to obtain real startup funds to launch their very own business or social movement,” commented Ron Hinrichs, Director of Events & Media Relations and YEA! Program Manager with the Dearborn Area Chamber of Commerce. “I am very impressed with the creative and dynamic ideas generated by this year’s class!”
The investors will also select one business that will advance to the YEA! Saunders Scholars National College Scholarship competition, where they will compete for college scholarships and an all-expenses paid trip, courtesy of the U.S. Chamber of Commerce to America’s Small Business Summit in Washington, D.C.
At the 2015 Investor Panel, Ahmed Beydoun, at the time a senior at Fordson High School in Dearborn, was awarded $1,116 plus a $500 shopping spree with a one year membership at Sam’s Club, courtesy of Sam’s Club to help launch his business BigTime Graphics. Beydoun also competed as a Saunders Scholars Regional semifinalist in Rochester, New York, and will be a member of the upcoming investor panel on March 24.
The panelists will include Fouad Ashkar of DTE Energy, Ahmed Beydoun of BigTime Graphics, Rusty Collins of Sam’s Club of Southgate, Harold Drews of SunGlo Restoration Services, Rudaina Hamade of RPMS Group, Hassen Hammoud of the Rotary Club of Dearborn, Sean McGraw of Sean McGraw State Farm, Eric Nemeth of Varnum Attorneys at Law, and Adam Sterling of Henry Ford Village.
“Our YEA! students are among thousands nationwide enrolled in this 30-week entrepreneurial education class that teaches kids how to generate business ideas, conduct market research, write business plans, pitch to a panel of investors, and launch their own, legally-registered companies,” said Jackie Lovejoy, President of the Dearborn Area Chamber of Commerce. “It is such a wonderful experience to have the opportunity to work with the next generation of leaders in Metro Detroit through this exceptional program!”
Registration is required for this free event. To register and for more information, please visit the Dearborn Area Chamber of Commerce online at www.DearbornAreaChamber.org or by phone at 313-584-6100.
The Dearborn Area Chamber is now accepting applications for the 2016-2017 YEA! program, which is scheduled to begin in October, 2016. The Investor Panel will allow interested students the opportunity to see the program in action! Applications and more information can be found at the Chamber’s website or by calling the Chamber office.
The Metro Detroit YEA! program, hosted by the Dearborn Area Chamber of Commerce, receives major funding from the DTE Energy Foundation, and from the Metro Detroit Young Entrepreneurs Academy Ambassadors Club, including Eric Nemeth of Varnum Attorneys at Law and Rudaina Hamade of RPMS Group, co-founders and Premier Ambassadors. The program is also sponsored by the University of Michigan-Dearborn, Sean McGraw-State Farm Agency, Sun Glo Restoration, the Rotary Club of Dearborn, Active Solutions Group, Raymond James, Member Focus Community Credit Union, Janet Pipkens of Citizens Bank, ACCESS Growth Center, Eastborn Market, Al-Ameer Restaurant, Empire Realty Group, Inc., Sam Baydoun Century 21, Khansa Medical Center, Leader Printing and Mailing, Little Caesars of Dearborn, John Zadikian Multimedia Communications, Fairlane Town Center, Henry Ford Village, and Biggby Coffee of Dearborn. The University of Michigan-Dearborn is hosting this year’s program on their main campus. Fairlane Town Center will host the program’s Trade Show on Saturday, April 30.
Be sure to follow the Dearborn Area Chamber of Commerce on Facebook at facebook.com/DearbornAreaChamber, on Twitter @DbnAreaChamber and the Chamber website for all the latest Chamber news and events.
The Dearborn Area Chamber of Commerce provides 600+ members with the opportunities and resources to engage and network with other businesses, enhancing financial growth, professional development, and the ability to contribute to a thriving community environment.
The Young Entrepreneurs Academy (YEA!)
The Young Entrepreneurs Academy (YEA!) is a groundbreaking and exciting 30 week class that transforms middle and high school students into real, confident entrepreneurs. Throughout the class, students develop business ideas, write business plans, conduct market research, pitch their plans to a panel of investors, and actually launch and run their own real, legal, fully formed companies and social movements. Founded in 2004 at the University of Rochester with support from the Kauffman Foundation, the Young Entrepreneurs Academy today serves thousands of students in communities across America. For more information about the Young Entrepreneurs Academy, please call 585.272.3535 or visit www.yeausa.org. For More information on the Dearborn Area Chamber YEA! Program, visit www.dearbornareachamber.org or call 313-584-6100.
U.S. Chamber of Commerce Foundation
The U.S. Chamber of Commerce Foundation (USCCF) is a 501(c)(3) nonprofit affiliate of the U.S. Chamber of Commerce dedicated to strengthening America’s long-term competitiveness by addressing developments that affect our nation, our economy, and the global business environment.
The U.S. Chamber Foundation and Campaign for Free Enterprise are national sponsors and partners of YEA!, helping to promote the spirit of enterprise among today’s youth and tomorrow’s future leaders.
The Young Entrepreneurs Academy (YEA!) & U.S. Chamber of Commerce Partnership
In 2011, the United States Chamber of Commerce and Campaign for Free Enterprise became a national sponsor and partner of the Young Entrepreneurs Academy to help promote the spirit of enterprise among today’s youth and tomorrow’s future leaders. Through coordination with its network of local chambers of commerce, the U.S. Chamber has helped communities across the country adopt the YEA! program. Together, the Young Entrepreneurs Academy and the U.S. Chamber of Commerce are celebrating the power and promise of young people in business and encouraging the next greatest generation to make a job, not just take a job.