Investing in Innovation (i3) Fund Summary Document October 2009 Note: These slides are intended as guidance only. Please refer to the official Notice in the Federal Register.

Today’s Discussion Content of the Investing in Innovation (i3) proposed Notice General timeline of the i3 program Process for submitting public comments about the proposed Notice Selected questions clarifying the Notice and its implementation What We Can Address Substantive explanation of the rationale behind inclusion or exclusion of specific items in i3 beyond what will be published in the Federal Register Comments about i3 – all public comments must be submitted using the process detailed in the Notice Questions about applying for i3 awards What We Cannot Address

i3 Is One Part of Unprecedented Federal Direct Investment in Education Race To The Top and Other Grants ($9.7B) Formula Grants $26B $4.35B - Race to the Top Fund, including $350MM for development of assessments for Common Core State Standards $3.5B* - School Improvement Grants $650MM - Investing in Innovation Fund $650MM – Education Technology $300MM* - Teacher Incentive Fund $250MM - Statewide Data Systems ARRA K-12 Investment Aligned with Four Assurances SFSF $48.6B * Includes regular FY 09 appropriations Note: These slides are intended as guidance only. Please refer to the official Notice in the Federal Register.

Investing in Innovation (i3) Fund Summary To provide competitive grants to applicants with a record of improving student achievement, in order to expand the implementation of, and investment in, innovative practices that are demonstrated to have an impact on: Improving student achievement or student growth for high-need students Promoting school readiness, closing achievement gaps, decreasing dropout rates, increasing high school graduation rates, and improving teacher and school leader effectiveness Purpose Funding $650 million to be obligated by September 30, 2010 Eligible applicants are: Local education agencies (LEAs) Nonprofit organizations in partnership with (a) one or more LEAs or (b) a consortium of schools Applicants Note: These slides are intended as guidance only. Please refer to the official Notice in the Federal Register.

Types of Awards Available Under i3 “Development” “Validation” “Scale-up” Estimated Funding Available Up to $5MM/award Up to $30MM/award Up to $50MM/award Evidence Required Reasonable – research-based findings or theories Moderate – either high internal validity and medium external validity, or vice versa Strong – both high internal validity and high external validity Scaling Required Able to further develop and scale Able to be scaled to the regional or state level Able to be scaled to the national, regional, or state level Note: These slides are intended as guidance only. Please refer to the official Notice in the Federal Register.

Key Terms Notice Eligibility Criteria Priorities Selection Criteria The i3 Notice of proposed priorities, requirements, definitions, and selection criteria includes the proposed eligibility criteria, priorities, and selection criteria. It will be open for 30 days of public comment after which the Department of Education will consider and respond to comments before publishing the final Notice in the Federal Register. Eligibility Criteria The eligibility criteria, which may be statutory or proposed in the Notice, determine whether an applicant can receive a grant. Priorities The priorities are the areas of focus to which an applicant must apply. These include absolute priorities, which the applicant must address, and competitive preference priorities, which the applicant may address to improve the quality of an application. Selection Criteria A panel of peer reviewers will judge the quality of an application based on the selection criteria established in the final Notice published in the Federal Register. Note: These slides are intended as guidance only. Please refer to the official Notice in the Federal Register.

Proposed i3 Eligibility Criteria and Grant Requirements Eligible Organizations (Based on historical success closing achievement gaps and improving academic achievement) LEAs Non-profits, in partnership with LEAs or a consortium of schools MUST Demonstrate 20% private sector matching funding Conduct an independent program evaluation Cooperate with technical assistance Share broadly the results of any evaluations An applicant may not submit an application for the same proposed project under more than one type of grant Note: These slides are intended as guidance only. Please refer to the official Notice in the Federal Register.

Proposed i3 Priorities Improve Achievement for High-Need Students Support Effective Teachers and School Leaders Improve Early Learning Outcomes Improve the Use of Data Support College Access and Success Improve Achievement for High-Need Students Complement the Implementation of High Standards and High-Quality Assessments Address the Unique Learning Needs of Students with Disabilities and Limited English Proficient Students Turn Around Persistently Low-Performing Schools, Whole-School Reform, and Targeted Approaches to Reform Serve Schools in Rural LEAs Required for all applications Must address one or more (Absolute Priority) May address one or more (Competitive Preference) Note: These slides are intended as guidance only. Please refer to the official Notice in the Federal Register.

Proposed i3 Selection Criteria Need for the Project and Quality of the Project Design Notes The final Notice, which the Department will publish in the Federal Register in late winter/early spring of 2010, will include the specific point value of each criteria. A panel of peer reviewers will judge applications by allocating points in each of the categories based on how well an application proposes to address the criteria. Strength of Research, Significance of Effect, and Magnitude of Effect Experience of the Applicant Quality of the Project Evaluation Strategy and Capacity to Scale or to Further Develop and Scale Sustainability Quality of the Management Plan and Personnel Note: These slides are intended as guidance only. Please refer to the official Notice in the Federal Register. The criteria may apply differently to different levels of grants.

Important i3 Dates Event Date (Anticipated) Release of proposed Notice 10/9/2009 Public comments due 11/9/2009 Release of final Notice Late winter/early spring 2010 “Development” Pre-Applications Due Spring 2010 “Validation” and “Scale-up” Applications Due “Development” Full Applications Requested Late spring/early summer 2010 “Development” Full Applications Due Summer 2010 Award Grants for “Validation” and “Scale-up” Late summer/early fall 2010 Award grants for “Development” Note: These slides are intended as guidance only. Please refer to the official Notice in the Federal Register.

Today’s Discussion Content of the Investing in Innovation (i3) proposed Notice General timeline of the i3 program Process for submitting public comments about the proposed Notice Selected questions clarifying the Notice and its implementation What We Can Address Substantive explanation of the rationale behind inclusion or exclusion of specific items in i3 beyond what will be published in the Federal Register Comments about i3 – all public comments must be submitted using the process detailed in the Notice Questions about applying for i3 awards What We Cannot Address