1. 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.

2. 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

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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