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Awesome Foundation offers cash for crazy ideas

An new Toronto organization is offering would-be entrepreneurs the chance to win $1,000 cash, no strings attached, to turn innovative ideas into reality. There's only one requirement, the idea has to be awesome. The Toronto Star writes on the newly formed Toronto Chapter of the Awesome Foundation.

"It's about turning random flashes of half-baked genius into reality," says Matt Thompson, the Toronto chapter's Trustee of Awesome."

"Yes. That is his official title."

"The money is given up front in cash. No strings attached. No questions asked. And the Awesome Foundation will make no claims to ownership of the idea or the finished product."

"The Trustees of Awesome � 10 for each chapter, give or take � put up $100 of their own money every month to support awesome projects.Make no mistake; they won't peer over your shoulder as you work toward your goal. They open their wallets with hope, trust and blind faith.The Toronto trustees are a mix of artsy folks, entrepreneurs and researchers."

"We're just 10 average schmucks who care about advancing the cause of awesome," says Thompson, who works for a non-profit.

"Applications for the first Toronto grant are due on Feb 15. The Toronto Trustees will get together � probably at a pub, Thompson says � to read over the submissions. They'll pick a winner by consensus."

read full story here
original source Toronto Star
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