The U.S. Dept. of Education is getting ready to launch its $650 million i3 “Investing in Innovation” contest. The money will be carved up and grants will go to school districts and nonprofits. Some of the criteria on which schools will compete recently came out…
Money will be doled out in three areas:
Pure Innovation - $5 million grants to try out new or interesting ideas
Strategic Investment - $30 million for programs that need more research or organization to scale up
Grow What Works - $50 million grants for programs that have already proven successful and are ready to expand
Education Secretary Arne Duncan has given Teach for America and charter schools as examples for innovative approaches to education.
So I'm curious:
As students are the future workforce, what improvements would business leaders like to see in education?
Is this an effective approach to making that happen?
What comes next? The Bloomberg Businessweek Innovation and Design blog chronicles new tools for creativity and collaboration, innovation case studies in both the corporate and social sectors, and the new ideas that have the power to change the way things have always been done.