Some 900 bankers, entrepreneurs, and policy experts crowded into an Education Innovation Forum in late January to hear U.S. Secretary of Education Arne Duncan, the director of the White House National Economic Council, the White House chief technology officer, and other speakers talk about revolutionizing education and reimaging learning. As part of the event, 175 capitalists, corporate investors, and foundation officers heard presentations from 19 investment-ready start-up companies--such as Better Lesson LLC, School Town, and Drop the Chalk--during a venture fair designed to drive investment dollars into innovative solutions, where talk turned to deal flow and innovation ecosystems. event was co-sponsored by the U.S. Department of Education. But it wasn't standard conference. Following on the heels of President Obama's State of the Union address, in which he told Congress that The first step in winning the future is encouraging American innovation, the event represented a very different role for the federal government in promoting school improvement and reflected the Obama Administration's commitment to finding new strategies for leveraging change in the nation's schools. A New Strategy When the U.S. Department of Education opened its doors in 1980, Washington's primary role in public was to send federal aid to states and school systems. Organizations that represented teachers, school boards, and other stakeholders played the leading roles in the Washington debate. But by 1990, that began to change when President George H.W. Bush and his Secretary of Education Lamar Alexander seized on entrepreneur Chris Whittle's idea to establish a New American School Development Corporation to fund a competition for new school models. Clinton Administration championed the emerging charter school movement. And by the late 1990s, a new, entrepreneurial wave of school reform was gathering momentum, drawing on both major strands of school reform that had emerged over the previous decade: a commitment to school accountability and the rise of school choice and charters. movement was led by a new generation of socially conscious entrepreneurs drawn to public by the opportunity to help the nation's many disadvantaged students. Freed from school bureaucracies and union contracts by charter school laws and committed to the campaign for greater accountability in education, they sought to create a new, performance-driven brand of public schooling. A key early leader was John Doerr, a partner in a prominent Silicon Valley capital firm and an investor in Netscape, Amazon, and later Google. In 1998, Doerr, Brook Byers, and Kim Smith, a Stanford business school student, created the NewSchools Venture Fund in San Francisco to apply the principles of capital investing to reform. Financed by such Silicon Valley luminaries as Netflix founder Reed Hastings, and then by a new generation of foundations--the Walton Family Foundation (WalMart), the Doris and Donald Fisher Fund (The Gap), the Eli and Edythe Broad Foundation (SunAmerica), and, of course, the Bill & Melinda Gates Foundation (Microsoft)--NewSchools helped launch New Leaders for New Schools, Teach-scape, New Teacher Project, Academy for Urban School Leadership, Wireless Generation, and a string of high-profile charter school networks such as Uncommon Schools, Green Dot Public Schools, and KIPP. Blending Two Agendas Obama Administration has sought to both draw on and promote this entrepreneurial wing of school reform. In a video link to hundreds of entrepreneurs gathered at the NewSchools annual conference in California in 2009, Duncan pledged to bring together your ideas with our dollars. And he followed through. …
Read full abstract