Education Week 

Demand is far outpacing resources in one hot segment of the education innovation market, as districts, schools, and nonprofits pitch reform proposals worth $12.8 billion for competitive grants to be awarded under the federal Investing in Innovation Fund, or “i3”—nearly 20 times what the U.S. Department of Education has available.

The $650 million competition funded by the economic-stimulus package drew 1,698 applicants by the May 12 application deadline, creating a wish list that ranges from a $22,282 proposal to improve students’ writing in Connecticut’s Preston Public Schools to a $50 million plan to expand the Teach for America corps.

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