Tuesday, January 3, 2012

Investing in Innovation (i3) Finalists Secure $18 Million in Matching Funds

The 23 finalists in the Investing in Innovation (i3) grant competition have secured $18 million in private donations.  With only four weeks between the announcement of finalists and the deadline for private donations, all 23 finalists acquired the donations needed to meet the grant’s matching requirement and are officially eligible to receive part of the $150 million in i3 grants.  This financial support from foundations, philanthropists, corporations and individuals will aid each of the i3 grantees as they strive to create innovative strategies that will improve student achievement.

For a complete list of applicants and their matching funds, please click here.

With over 600 applications for the FY 2011 grant competition, the i3 program has sparked incredible interest throughout the country.  Congress recently passed a spending bill for FY 2012 that provides another $150 for the program.

For more information on in i3 program, please click here.

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