History of IDEA
Jeannie Oakes, Founder and Former Director
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'i3' winners pin down last-minute matches
- 09-13-2010
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By Sean Cavanagh/Education Week
Winners of the Investing in Innovation competition scrambled to make a deadline to find private-sector matches for their multimillion-dollar federal awards, meeting the challenge through a mix of cash grants and donations of pricey equipment and services, and by rechanneling previous grants to new purposes. The 49 organizations selected to receive a combined $650 million in “i3” grants under the federal economic-stimulus program had until Sept. 8 to get matches equal to 20 percent of their awards, which ranged from $5 million to $50 million. When the official deadline passed, the U.S. Department of Education confirmed that 40 of the winners had submitted acceptable matches. (more…)
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