Friday, October 23, 2009

Innovation Investing

"The Investing in Innovation Fund (I3)provides $650 million in discretionary funding to support the development,replication,and scaling of innovative education programs, practices,and strategies."

Dutko Worldwide, Investing in Innovation Fund Overview, October 7, 2009

What a smart little document that summarizes the investment strategy for the Innovation Fund -- its priorities, types of grants and matrix of selection criteria. If we could all be so clear in our investment strategies: scale-up grants for our most evidence-based programs, validation grants for promising programs that strong but sufficient evidence and development grants for new ideas without much of a research base. And then a finer delineation of what is meant by the different categories of evidence. Even priorities are divided into "absolute" and "competitive."

Good approach -- good luck! I wonder what relevance this has for the rest of the social policy world? We want to innovate, too!

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