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Track Record Key to New Grant Program

Picture 3In the U.S. Department of Education’s first substantial preview of the $650 million “Investing in Innovation” grant program—newly dubbed the “i3 Fund”—Secretary of Education Arne Duncan sketched out three broad grant categories that, in essence, will make the biggest awards where there’s the most evidence of success.

The grants start going out early next year, and the largest—of up to $50 million each—will be reserved for “proven” programs that are ready to grow, Mr. Duncan said, according to Education Week. The second category will be grants of up to $30 million for programs that already exist in pilot form, where research shows they work. The smallest grants will be for up to $5 million in seed money for “pure innovation”—ideas that aren’t proved but show promise.

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