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Dept. of Ed Announces Investing in Innovation FundAug. 21, 2009—On August 20 at the America's Choice Superintendent's Symposium Secretary Duncan announced the Investing in Innovation Fund (I3), a $650 million competitive grant program designed to "support efforts to bring to scale educational practices with significant evidence of success in improving student achievement and support the development, implementation, replication, and further evaluation of promising innovative practices." While the proposed guidance has not been issued yet, the Secretary and Jim Shelton, Assistant Deputy Secretary for Innovation and Improvement, wanted to start the conversation early so that eligible Local Education Agencies (LEAs) and non-profits could start to find each other and form partnerships for applications. (This program is not open to corporations.) During the presentation, Mr. Shelton outlined the five key design principles:
Although all are equally important, Mr. Shelton stated that the ability to financially sustain a program outside of Dept. of Education funding is especially essential, since the $650 million is a relatively small, one-time investment. He also said that we shouldn't be thinking of education in terms of slots, e.g., Title I, IDEA, etc. Instead, the education community should be thinking about how to use resources across the board. All funds must be obligated by September 30, 2010. Read highlights from Education Legislative Services. View the presentation on the ACT website. Read the transcript of Secretary Duncan's remarks. | |||||
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