All the i3 Winners Get Private Matches
The folks at the U.S. Department of Education have a good reason to break out the champagne today—all 49 of the highest-rated applicants for the Investing in Innovation grant program were able to secure the required 20 percent private match, the final hurdle to getting their federal i3 grants.
It wasn't an easy process, as we wrote in this story. For instance, many of the winners were surprised that they didn't get more help from foundations that had signed up for the i3 registry, which was intended to help put grantees and private funders together. And many said that it was tough to secure the match on such a tight timeline (about five weeks), particularly in August, when many foundation officials take vacation.
The Education Department tried to help out applicants by giving timely assistance and feedback, said Shivam