FIND & PAY FOR COLLEGE
Investing in Innovation Fund (i3)

   Current Section  Funding Status
Performance
 Office of Innovation and Improvement Home
Funding Status

FY2011

Estimated Available Funds: $148,200,000

These estimated available funds are for all three types of grants under the i3 program (Scale-up, Validation, and Development).

Estimated Range of Awards:
Scale-up grants: Up to $25,000,000.
Validation grants: Up to $15,000,000.
Development grants: Up to $3,000,000.

Estimated Average Size of Awards:
Scale-up grants: $24,000,000.
Validation grants: $12,000,000.
Development grants: $2,800,000.

Estimated Number of Awards:
Scale-up grants: Up to 2 awards.
Validation grants: Up to 5 awards.
Development grants: Up to 15 awards.

Note: The Department is not bound by these estimates.


FY2010

Total Funds Awarded: $646,071,398

Range of Awards:

Scale-up grants: Up to $50,000,000.
Validation grants: Up to $30,000,000.
Development grants: up to $5,000,000.

Average Size of Awards:

Scale-up grants: $48,179,664.
Validation grants: $20,713,323.
Development grants: $4,683,096.

Number of Awards:

Scale-up grants: 4 awards.
Validation grants: 15 awards.
Development grants: 30 awards.


 
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Last Modified: 06/09/2011