MO' MONEY: Nonprofit NewSchools Venture Fund (NSVF) has just announced $7M in new funding opportunities for educators and entrepreneurs focused one of the following three spaces: launching new schools models, creating edtech for ELL (English language learner) students, creating better pipelines of leaders of color in education. This comes at a time when CEO Stacey Childress writes that NSVF has adjusted its strategy after looking "across the entire sector" and considering "how we could make the biggest impact—both now and into the future."
The ELL challenge ends Aug. 29, and the Diverse Leaders challenge ends Sept. 16, while all submissions for the Innovative Schools challenge are due in November, NSVF reports. Similar to how NSVF has invested funds in the past, there are two phases for which teams or individuals can apply to the school models track for funding. First, teams in the "planning phase" can receive $100,000 to $200,000 to "help refine their designs and prepare for launch," while teams in the "launch phase" who already have a prototype and are ready for refinement can receive $200,000 to $700,000 to support the first two to three years of operation.
Editor's Note: This article has been updated.