Grand Rapids, Mich., June 28, 2012 -- Today Start Garden, the $15,000,000 seed fund that selects ideas each week for $5,000 investments, announced the results from the ninth week of submissions to startgarden.com.
In an unusual decision, two ideas were selected this week by the Start Garden team for funding. The first was Hip Shot Dot. Tim Murphy is an experienced industrial designer with an elegant physical product which attaches to screens to dramatically improve the experience of first person shooter games.
The second idea chosen by the Start Garden team is Vival, an application for the iPhone. A simple way to turn your iPhone videos into montages with music behind them and share them.
The idea selected by the most endorsements from visitors to startgarden.com was RitaGirl’s Mobile Bakery. Maria Tornga wants to take gourmet desserts out of specialty shops and onto the street.
Each idea receives a $5,000 investment, pending the completion of the investment agreement, which can be found on startgarden.com.
Note: Due to the July 4 holiday, the next investment cycle ends one week later on Thursday, July 12 at noon. This means submissions have two weeks to collect endorsements.
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
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 in two weeks Thursday, July 12, after the noon deadline.