Flexibility eyed for any future 'i3' contest
By Michele McNeil/Education Week
Although the prospect of a new Investing in Innovation competition is up in the air, the U.S. Department of Education wants to build more flexibility into the next generation of its innovation contests, particularly when it comes to how much money applicants must secure from the private sector. Of all the requirements for last year’s “i3” competition, the 20 percent private-sector match drew some of the biggest complaints and presented some of the tallest hurdles for applicants. In proposed regulations that would apply to any future competition, the department signaled that it would aim to offer more leeway in that requirement. The mandate applied to all i3 hopefuls, from those applying for the smallest, $5 million “development” awards to those applying for the largest, $50 million “scale up” grants. (more...)