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As we all know Google just keeps coming up with new and crazy ideas, and this is one of them. So what they’ll basically do is to offer financial support to those who prove worthy. But before thinking of all the money you’ll make, there a couple of things you should know. Such as the fact that the program is only to gadget developers that meet the following:

This program is restricted to people who have developed a Google Gadget in our Google Gadgets directory that generates at least 250,000 weekly page views.

So you can obtain $5,000 grants to help you develop an existing gadget or you could get a $100,000 seed investment to help you develop brand new gadgets. And you don’t even need to reside in the US to benefit from Google Gadget Ventures (though if you want to go for the big $100,000 pot you’ll need to start a company in the US), all you need is a good idea and to be over 18.

So why are they doing this ? In their own words, to:

“help create an ecosystem where developers can spend more time doing what they love — building great gadgets”