Duncan Sets Bar On Fund
Grants from Innovation Pot Would Require Track Record
Federal education officials last week pledged that the economic-stimulus program’s $650 million innovation fund will reserve the largest grants for schools, districts, and nonprofit organizations that want to finance programs with proven track records and are ready to grow.
In the U.S. Department of Education’s first substantial preview of the “Investing in Innovation” grant program—newly dubbed the “i3 Fund”—Secretary of Education Arne Duncan sketched out three broad grant categories that, in essence, will make the biggest awards where there’s the most evidence of success.
The grants start going out early next year, and the largest—of up to $50 million each—will be reserved for “proven” programs that are ready to grow, Mr. Duncan told a gathering of school district superintendents here. The second category will be grants of up to $30 million for programs that already exist in pilot form, where research shows they work. The smallest grants will be for up to $5 million in seed money for “pure innovation”—ideas that aren’t...
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