Google has started a new program called Google Gadget Ventures. Under this, Google has announced to pay the gadgets developers of iGoogle. This way, google is encouraging the developers to make more gadgets for iGoogle. But, currently Gadget Ventures funds only those who have already developed popular gadgets.

Gadget Ventures provides two types of funding:

1. Grants of $5,000 to those who’ve built gadgets we’d like to see developed further. You’re eligible to apply for a grant if you’ve developed a gadget that’s 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 you’d use the grant to improve your gadget.
2. Seed investments of $100,000 to developers who’d 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.

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