An ambitious new research project aims to revolutionize education by showing that well-implemented technology initiatives can save states money after an initial investment.

Project RED (for Revolutionizing EDucation) will examine the outcomes of educational technology initiatives using a cost-benefit analysis to determine which ed-tech programs and devices are having the most cost-effective impact for schools, parents, and states.

The project “seeks to define technology models that lead to improvements in student achievement when well implemented,” according to its summary. Project RED is led by ed-tech consulting firms the Hayes Connection and the Greaves Group, as well as the One-To-One Institute.