The Fund is similar to an incubator or accelerator. Candidate ventures should be as interested in venture development as they are in the non-equity grants. Grants may total as much as ~$3000. The Fund will only give out grant money for expenses that are 1) specific, 2) near-term, and 3) related to the value creation tasks in which the Fund takes part. That is, the Fund is not interested in handing out non-equity grants for "black box" expenses, or for expenses a venture anticipates having in a year's time.
The Fund will work closely with the selected ventures for two months and prepare them for later equity funding. The Fund provides insights into evaluating new markets, growing customer bases, developing and commercializing technologies, and connecting teams with mentors, legal advisors, and additional funding.
Deadline to apply is 10/14 at 11:59 PM.