All 25 Top-Rated Investing in Innovation Applicants Secure Private Matches
It's official—those 25 non-profits with the highest-rated Investing in Innovation federal-grant applications this year have secured a private sector match of up to 15 percent, making them honest-to-goodness i3 winners. We gave you the full list here.
As a reminder, this year the U.S. Department of Education awarded some $134 million in i3 money, including seven "validation" grants (which can total up to $12 million each for projects with some evidence to back them up) and 18 "development" grants (which can reach $3 million each for promising ideas with less of a track record). And it decided not to award any "scale up" grants (for big ideas with a strong research track record). More on that here.
It wasn't always so easy for highly rated i3 applicants to snag private-sector funding—in fact, the first batch of winners had a tough time of it back in 2010.