"Open Educational Resources are teaching, learning, and research resources that reside in the public domain or have been released under an intellectual property license that permits their free use and repurposing by others. OER include full courses, course materials, modules, textbooks, streaming videos, tests, software, and any other tools, materials, or techniques used to support access to knowledge." ~ William & Flora Hewlett Foundation
If you got some time, check out this video on the basics of OER. (37 minutes)
The purpose of the Open Educational Resources Grant (OERGP) is to award up to twenty (20) grants that will encourage faculty at institutions of higher education to adopt, modify, redesign, or develop courses that use only open educational resources. Learn more about the Open Educational Resources Grant Program.