i3 Projects Receive $18 Million in Matching Funds From Private Sector

U.S. Secretary of Education Arne Duncan announced that private donors have committed $18 million to the 23 highest-rated projects in the 2011 Investing in Innovation (i3) Fund competition, ensuring that they have met the i3 matching requirement and qualifying them to receive $150 million from the i3 program.

Earlier this fall, the U.S. Department of Education announced 23 applicants as the finalists to receive part of the $150 million available in fiscal 2011 i3 funding.