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ERIC Number: ED409625
Record Type: RIE
Publication Date: 1997-Mar
Reference Count: N/A
Venture Capital Initiative: Ohio's School Improvement Effort.
Yoo, Soonhwa; Loadman, William E.
In 1994 the Ohio State Legislature established Venture Capital to support school restructuring. The Venture Capital school initiative is a concept borrowed from the business community in which the corporate entity provides risk capital to parts of the organization to stimulate creative ideas and to provide opportunities for local entities to try out these ideas. Individual Ohio schools are eligible to receive a yearly award of $25,000 for up to 5 years. The Ohio State Department of Education evaluated Venture Capital proposals on the basis on the following nine criteria: focus on learning, improvement strategies aimed at reaching all students, expanded teacher roles, community readiness, community involvement, systematic plans, integrated strategies, supportive policies and practices, and resource leverage. This paper presents findings of a study that assessed how well the Venture Capital schools' report plans aligned with the elements for success and the schools' progress toward the initiatives. Findings are based on results of a 1996 survey of approximately 8,400 staff and planning team members from 510 of the 561 Venture Capital schools in operation. The findings suggest that the Venture Capital initiative has met with mixed success to date. Principals and teachers were highly involved in developing improvements; however, the respondents revealed that they assigned low priority to aligning school plans with the nine Venture Capital criteria. Although some sites were beginning to realize a measure of success, principals and teachers had not been prepared to assume leadership roles required of them. Planning team and staff members need the support of infrastructure, technology, and skilled professionals to help them understand and apply the nine elements to their reform efforts. Eight figures are included. (LMI)
Publication Type: Reports - Research; Speeches/Meeting Papers
Education Level: N/A
Authoring Institution: N/A
Note: Paper presented at the Annual Meeting of the Ameri