(try to) Get funds for your project with My Micro Fund

April 15, 2009 • Links, Monetize by Emanuele Feronato • 15 Comments

« Do you require funding for a business idea? Share with me your story and business proposal and be considered for micro funding in the form of a grant or a goodwill loan – basically you pay back what you can. If I like your idea you will receive between USD $500 to $3,000. »

This is how Alex from My Micro Fund introduces his idea.

You can get funds for your next project following these steps:

1) Submit your proposal, with all relevant deltails such as how much do you need for how long, a simple business plan what is your plan to repay the fund if your venture is successful and what do you intend to do to replenish the fund if your venture is NOT successful

2) Get the money, anywhere in the world(*)

(*) That’s what Alex says, but I don’t really know if he’s really able to make you get the money if you live in a sanctioned Country.

3) Work on your project keeping Alex updated regularly as you execute your business plan so that he can share your experience with his readers

4) Repay the fund based on your goodwill… nothing is legally binding and everything is based on mutual trust and due diligence.

The project sounds really interesting, at the moment I am sending an email to Alex to have a loan for a project. It’s a project I can afford by myself but I really want to try the service and share this experience with you.

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This post has 15 comments

  1. Wubishet Kassa Bahiru

    on April 15, 2009 at 4:20 pm

    I am a Economist by profission but I am currently working at the Ministry of Agriculture and Rural development as A socio economist -III.

    I have the Iron well interst to get envolved and work at small bussiness, but I have a strong financial bottle necks, what do you sugest me?

  2. Hawdon

    on April 15, 2009 at 4:57 pm

    This looks very interesting…
    I have an idea which realy could be “the next thing”… I know that sounded kinda cliché, but I realy do belive it could be… I’m currently trying to get my game sponsored on FGL, and if I do get it sponsored I might get the idea up and running, but other wise I won’t have the funds so I might use this!

    Thanks a lot for the tip!

  3. robby

    on April 15, 2009 at 5:12 pm

    every time i visit your site emanuele my AVG anti virus software pops up, not sure whats going on, anyone else have this problem?

  4. Rajat Goel

    on April 15, 2009 at 6:10 pm

    @robby me too…some type 663 error in some js file.

  5. Michael Span

    on April 15, 2009 at 7:42 pm

    Hi Emanuele,

    this looks interesting on the first sight, BUT:

    - you share your idea without a guarantuee to be chosen for any money
    - you share your project details
    - you share a lot of information which is collected by a clever business man. ;)

    If I had a good idea – I’m currently working on it ;o) – I would definitely ask a few good friends for helping me out.

    just my opinion – had to shared I think.. ;)
    best wishes
    Michael

  6. Gabriel Bianconi

    on April 15, 2009 at 9:22 pm

    I’m getting a virus message from AVG, like robby.

  7. jason

    on April 16, 2009 at 5:46 am

    Sounds interesting for very small projects!

    (Avira is popping up something here, too.)

  8. wirelesstaco

    on April 16, 2009 at 6:11 am

    I think someone injected your site with a virus again. Here is the info.

    “www.emanueleferonato.com/wp-content/plugins/ig_syntax_hilite/js/syntax_hilite_js.js”;”Exploit Link to known exploit site (type 663)”;”"

  9. Devon

    on April 16, 2009 at 7:01 am

    I think this is an amazing idea, although I have no new ideas at this time. Good to see big names like yourself helping the startups!

  10. Emanuele Feronato

    on April 16, 2009 at 10:17 am

    There was an injection.

    I think I removed it.

    Thanks.

  11. Alex

    on April 16, 2009 at 4:14 pm

    Thanks for all the comments about the fund. Just to answer some of the questions posted:

    1. I am not looking for the ‘next big thing’ as that would require a larger fund such as venture capital

    2. Your ideas are not going to be copied by me. I have no intention of stealing ideas although they have been very interesting. I also will not be managing the projects in anyway. It is very clear to me that the most solid ideas are best developed and delivered by the founder.

    3. Already there is 1 person from this site who I have committed funding to. I am very close to a second. They will be announced soon and Emanuele will share with you this news. You may also visit my blog for the latest updates.

    Anymore questions, I am happy to answer. One thing is clear. I started this fund to offer capital to any type of venture in good faith but it is becoming clear to me that games can be very profitable and the developers are mostly very passionate.

  12. Got funds for my project with My Micro Fund!! : Emanuele Feronato

    on April 21, 2009 at 1:10 pm

    [...] Just a few days ago I blogged about (try to) Get funds for your project with My Micro Fund. [...]

  13. Emanuel Ellul

    on April 29, 2009 at 12:19 am

    Dear Sir, I am doing business in Bulgaria. I have 171,000 square meters of land and i made a project on 65,000 square meters of land. consists of garages parking space, apartments, 1, 2and 3 bedrooms, houses oon 2 floors comersial center sports facility, and green area. this project can be build in 3 phases and I have business plan for each phase, I need funds to build this project. If you are interested in it please mail me and I will send you all the information by mail. Thanks

  14. Jason Compton

    on November 28, 2011 at 2:10 am

    i was wondering if this program applies to artistic endeavors such as film and/or music…i am currently involved with a documentary and also have other ideas concerning film, music, or a combination of both….this sounds promising and worth checking into, i just wanted to know…

  15. Kalpesh

    on December 3, 2011 at 3:54 pm

    Hi,

    we are in IT services business, we have total 30 developers , we want to increase our team and increase our revenue. please let me know how i can send my business plan to the group.

    thanks
    Kalpesh

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