GRAND RAPIDS, Mich., May 9, 2013 -- Start Garden, the $15,000,000 seed fund that selects individual ideas each week for investments, announced this week’s round of $5,000 investments from submissions to startgarden.com. These include Circus of the Mind, a community festival that presents critical world issues, and Snap Script, a mobile medication app.
Start Garden Selection
The idea selected this week by the Start Garden team for funding is Snap Script (strt.gd/x0oC), a mobile app that allows the user to take a photo of a pill bottle to organize medications, improve adherence and compliance, and monitor for drug-to-drug interaction risk. The $5,000 from Start Garden will help the company launch its first release.
“Other medication apps require users to manually input their prescription information, Snap Script streamlines data acquisition for users automatically by allowing them to simply take a picture of their pill bottles and have the information organized instantly,” said Brian Ingle, founder of Snap Script.
The idea selected by the most endorsements from visitors to startgarden.com is Circus of the Mind (+COM) (strt.gd/x8sC), a traveling, community festival that presents a series of themes addressing critical issues of today--art, culture & politics.
“Circus of the Mind is an immersive, traveling experience, think TED meets Cirque de Soleil, which embed itself within a city’s with its own physical architectural space, where users interact with the content intellectually, emotionally and physically,” said Maurice Jacobsen creator of Circus of the Mind.
Each idea receives a $5,000 investment, pending the completion of the investment agreement, which can be found on startgarden.com.
The fund’s management team takes submissions through startgarden.com. Ideas with potential to become businesses can be submitted. Each week the Start Garden team selects an idea and the broader community on the website endorses another idea to receive $5,000. Start Garden can continue to invest up to $500,000 in a single idea. Learn more about submission criteria at startgarden.com/help/criteria.
Each Thursday at noon the ideas on startgarden.com are stored in the database, and the slate is cleaned for the next week. Anybody who has already submitted an idea and wants it reconsidered for the next week must go back to the website to resubmit. The next round of $5,000 investments will be announced Thursday, May 16, after the noon deadline.
Funded teams give a public presentation about what they did with their $5,000 investment during Update night. The next Update Night is Thursday, May 23. Following the presentations, the Start Garden team announces which projects they will continue to fund at $20K and higher. Learn more about Start Garden events at startgarden.com/events.