Fast Facts on the Innovation (i3) Fund

Grantmakers investing in improving education can play an important role in the U.S. Department of Education's Innovation (i3) Fund competition, particularly the requirement that i3 applicants obtain a 20 percent match in private funds or in-kind donations. Below you'll find quick links to useful information that can help you achieve greater impact through the $650 million competition.

Links

View a U.S. map of project locations for the 49 highest-rated i3 applicants (posted August 12, 2010)
Interested in providing matching funds for one or more of the 49 highest-rated i3 applicants? Check the map to find out which of these applicants is working in your community.

Update from the U.S. Department of Education on i3 Announcement of Highest-Rated Applicants (posted July 27, 2010)
Review the U.S. Department of Education's latest news and deadlines announcing the highest-rated applicants for the i3 Fund (August 5th) as well as for the 20% private-sector match (September 8th).

Find resources for securing the i3 private sector match (PDF)
Describes the matching requirement and includes links to the Open Innovation Portal and Foundation Registry i3.

View the Investing in Innovation Fund "At-A-Glance" (Word)
Includes purpose, eligibility and evaluation requirements, grant types, absolute priorities, competitive preference priorities, selection criteria, and timing.

Get an overview of the i3 Matching Requirement (Word | PDF)
Includes details on what funds or in-kind contributions may count toward the 20 percent matching requirement.

See the U.S. Department of Education's Regulations on Matching Funds (PDF)
Provides further information on the Department's regulations for matching funds.

See information on Peer Reviewers for the Innovation Fund
Provides context on the peer review process, qualifications and requirements for peer reviewers, information checklists, and contacts.