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ERIC Number: EJ910559
Record Type: Journal
Publication Date: 2010
Pages: 8
Abstractor: ERIC
Reference Count: 0
ISSN: ISSN-1539-9664
Fueling the Engine: Smarter, Better Ways to Fund Education Innovators
Hess, Frederick M.
Education Next, v10 n3 p30-37 Sum 2010
In "Education Unbound: The Promise and Practice of Greenfield Schooling," this author argued for new education service-delivery organizations that, free from the constricting norms and rules of traditional providers, focused single-mindedly on executing their model. The challenge for reformers is to recognize that enabling such providers is not just a matter of promoting "school choice," but also of freeing up the sector to a wealth of different approaches and cultivating conditions in which problem-solvers can succeed and grow. In this article, the author argues that funding is the fuel required for innovators to thrive. He discusses the differences between for-profit and nonprofit funding models and describes smarter and better ways to fund education innovators. He also discusses three phases of investment, namely (1) startup capital; (2) growth capital; and (3) sustaining capital. (Contains 2 figures.)
Hoover Institution. Stanford University, Stanford, CA 94305-6010. Tel: 800-935-2882; Fax: 650-723-8626; e-mail:; Web site:
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Elementary Secondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A