Demand is far outpacing resources in one hot segment of the education innovation market, as districts, schools, and nonprofit organizations pitch reform proposals worth $12.8 billion for competitive grants to be awarded under the federal Investing in Innovation Fund, or "i3"--nearly 20 times what the U.S. Department of Education has available. The…

As peer reviewers for the U.S. Department of Education begin to comb through the thousands of pages of applications for $4 billion in federal Race to the Top Fund grants, they'll be under pressure to determine which are most worthy of funding: those that promise the most, or those with the best chance of delivering. In a competition whose criteria…