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Fund money for Google Gadget Ventures

This one doesn’t really make sense to me — Google is offering Google Gadget developers money and more funding for full-fledged business ideas.

The program will provide two kinds of funding. First, we’ll invite promising gadget developers (individuals or businesses) to apply for $5,000 grants to fund further development. These are not loans or equity investments; they’re simply grants for gadgets that already have a thriving user base and we think have potential for even more improvement. To be considered for a grant, your gadget needs to have more than 250,000 pageviews per week, and you need to provide a one-page proposal on how you’d like to improve your gadget. This is a no-strings-attached grant; we won’t ask for repayment of any kind. We simply ask that you work on your project in good faith.

Secondly, the program will make $100,000 seed investments in companies that either start as a Google Gadget or have a large Google Gadget component. In order to be eligible for a seed investment, you must have received a $5,000 grant, and you must propose a plan for making your gadget financially sustainable.

More about the Google Gadget Ventures here. What’s with Google Gadgets that they’d be investing loads of money in it? I guess if you’re a $500-a-share company and got bucketfuls of money, you can spend that much.

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Avatar for Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

7 Responses

  1. Avatar for Albert Gonzales Albert Gonzales says:

    I am a big fan of your site and I read it regularly. Keep up the excellent work!

  2. Avatar for Jerome Jerome says:

    No. It makes sense for Google to give $5,000 to improve an existing idea, add $100,000 as seed investment to a small Gadget company, most likely an LLC, rather than pay them $20Million (or more) in the future. It’s business.

  3. Avatar for Hans Hans says:

    It makes sense to me.

    Look at the facebook platform, they didn’t support the developers that created the widgets, now the developers are not innovating as before because they were not making money through the widgets just expenses.

    Sounds to me a great way to support the community of passionate developers.

  4. Avatar for Miguel Miguel says:

    Perhaps Google Gadgets will run on the Google Phone, like Dashboard Widgets on the iPhone.

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