"Linuxfund.org announced the
launch of its development funds beta site today. This move will
enable LinuxFund.org to begin granting money and equipment to
promising Open Source software development projects."
"Over the past year, LinuxFund.org has been running a credit
card program to raise funds for new Open Source development. As
card usage increases, so will the size of LinuxFund.org's total
grant allocations, which start July 2000 at $5,000 per month.
Funding decisions will be made in coalition with Linux
International's development board, whose all-star line up includes
John "maddog" Hall, Alan Cox, and Ted T'So."
"The time is ripe for us to fulfill our destiny and serve the
needs of our community," said Benjamin Cox, Chief Executive Penguin
of LinuxFund.org. "The money is here -- now we need projects to
fund." A ceiling of $1,000 per grant will be imposed, but the
organization is also donating tape drives, SCSI hard drives, and
other equipment to suitable seekers."