7 Steps to Creative Financing: a stakeholder-team process for identifying financing for ed-tech¶

Strategy · All strategies
Evidence · no claims cited

Description¶

This strategy is "a new process and set of best practices designed to help districts identify the best means to financing ed-tech solutions." It assembles a diverse team of district stakeholders, end users, and local experts to identify underlying needs, gather inspirational finance solutions from outside industries, and brainstorm ideas. The seven steps are: Set Vision, Build Team, Build the Case, Brainstorm Solutions, Meet the Board, Build Based on Imput, and Apply Process Elsewhere. It responds to the theme that shifting, complex, and limited resources make sustainment a challenge.

Design Implications¶

Context¶

Requirements¶

• Requires assembling a diverse team of district stakeholders, end users, and local experts

Constraints¶

• Printed step list includes the article's own spelling 'Build Based on Imput'; offered as a process to try, not a validated procedure

Target Learners¶

• K-12 district finance groups and procurement officers

Target Learning Goals¶

• Sustaining ed-tech purchases and matching budgeting practices to new technology demands

Affordances¶

• Six Barriers Edtech Procurement Taxonomy

Related Strategies¶

• Better Planning, Better Process: bottom-up procurement planning through direct contact with teachers and administrators
• Three focus areas for evolving district ed-tech procurement: connect with vendors, within districts, and across districts

Examples¶

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Key Sources¶

• Evolving Ed-Tech Procurement in School Districts. (2013). Digital Promise. https://digitalpromise.dspacedirect.org/items/d5ac5c19-03f4-4e40-ab47-666c38a2ce5d