New White Paper – Financial Support for Innovation in Public Education

[ 0 ] June 28, 2011 |

Bellwether Education Partners has released a new white paper Steering Capital: Optimizing Financial Support for Innovation in Public Education.

In the paper, co-author Julie Petersen and I chart a path forward for how the public, private and nonprofit sectors can work together to advance education innovation. Though there is broad consensus on the need for significant innovation at scale, our educational ecosystem is not set up to deliver on that promise. This paper examines the factors that have inhibited the nonprofit and for-profit capital markets and the public sector from effectively supporting the entire cycle of innovation, from research to invention to scale. Through an analysis of five necessary elements of an effective capital market, the paper offers our recommendations for how public, private and philanthropic capital can better support innovators and innovation in a way that delivers on the ambitious promise we make to public school students: that our schools will prepare them all for success in college, careers and life.

This paper is the first publication from the Innovation for the Public Good: A Case Study of US Education project, supported by the Rockefeller Foundation. This project analyzes some of the key aspects of an emerging ecosystem for innovation in public education in the US, including the flow of investment capital for such efforts, the uptake of innovations by buyers and users, federal efforts to stimulate and scale innovation, and ways that technology could facilitate innovation investment and practice. Drawing on surveys, interviews, and working groups, the project highlights recent efforts to fuel and steer more innovation, and frames the remaining challenges that lie ahead for the public, private, and philanthropic sectors.

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Category: K-12

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