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A new program called Google Gadget Ventures, launched by the search advertising company, will hand out grants and seed investments to worthy gadget writers.

Google Offers Investments For Gadgeteers

1. Write a Google Gadget. 2. ??? 3. Profit!!! Google has filled in step 2 for gadget makers. Those who achieve a certain level of success could be eligible for a small grant, or a larger investment, from Google Gadget Ventures.

To be eligible to apply, a developer needs to have 250,000 page views per week of their gadget. Google has a $5,000 grant available for those developers, to enable them to spend more time on enhancing the gadget.

In some cases, gadget building may be the gateway to creating a fully-fledged enterprise. Those could receive a $100,000 seed investment from Google to get the business off the ground.

"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," Tom Stocky wrote on the Google Code blog.