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Following quickly on the heels of its $43 million grant to the Teacher Quality Partnership program, the U.S. Department of Education announced this week the launch of a $650-million innovation competition aimed at closing the achievement gap in the U.S. educational system.

The competition, called the Investing in Innovation fund (i3), falls under the $5 billion investment in school reform from the America’s Recovery and Reinvestment Act (ARRA).

Department of Education launches $650-million innovation competition for school districts