To further contribute to the developers’ community, Google’s inviting all Google Gadget developers to create more useful Gadgets or to enrich their creations with their latest initiative - Gadget Ventures.

Google Gadget Ventures will offer third-party gadget development and gadget-related businesses two types of funding:

Grants of $5,000 to developers who’ve built gadgets in our directory that already receive at least 250,000 weekly page views. To apply, qualified Gadget developers will be asked to submit a one-page proposal.

Seed investments of $100,000 to previous Google Gadget Ventures grant recipients who’d like to build a business around the Google Gadgets platform. Qualified developers will be asked to submit a business plan.