Is The Startup Prize The New Startup Accelerator?

The Robin Hood Foundation announced today it is offering $5 million for "college success" education apps. The twist: The "prize" looks and feels like an incubator with a research component.

More than one-third of higher education students are enrolled in community college--close to 7 million per year. Unfortunately, community college graduation rates are at rock bottom--at the City University of New York, for example, only 40% of students graduate within six years. For students taking remedial courses, the graduation rate is just 26%. What's at stake? Over $10,000 in annual income compounded over a lifetime, the average difference between what dropouts and graduates earn each year.

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