Alliance for the American Dream

About the project
As an inaugural university in the Alliance for the American Dream, a Schmidt Futures initiative, ASU committed to developing a pipeline of idea teams to increase by 10% the net income of 10,000 local middle class households by December 2022. With $1.5 million of funding over two years, ASU’s teams are developing policy ideas or startup concepts that will either raise incomes or decrease expenses for middle class Arizonans. 

Applied Innovation's role
The Office of Applied Innovation is responsible for managing the grant during its two year duration. By positioning the grant in Applied Innovation, ASU’s teams have the support of more than just a single college or school, enabling them to advance bold, interdisciplinary projects. To build local support and momentum for the ideas, the office enlisted the expertise of influential community members. This advisory board was also responsible for selecting the top three teams to advance to the semi-final national pitch event, the winners of which will compete for $1 million of implementation funding. Final funding decisions will be made in June 2020.

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