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by dion.
Original Post: Google Gadget Ventures
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Feed Description: blogging about life the universe and everything tech
Google Gadget Ventures is a new Google pilot program dedicated to helping developers create richer, more useful Google Gadgets. Inspired by the success of iGoogle, which has been driven by the creation by 3rd-party developers of a broad range of gadgets, Gadget Ventures provides two types of funding:
Grants of $5,000 to those whove built gadgets wed like to see developed further. Youre eligible to apply for a grant if youve developed a gadget thats in our Google gadgets directory and gets at least 250,000 weekly page views. To apply, you must submit a one-page proposal detailing how youd use the grant to improve your gadget.
Seed investments of $100,000 to developers whod like to build a business around the Google gadgets platform. Only Google Gadget Venture grant recipients are eligible for this type of funding. Submitting a business plan detailing how you plan to build a viable business around the gadgets platform is a required part of the seed investment application process.
This ties in nicely with my last post about Facebook. A new set of economies are on the rise.