Hey!
So basically they don't actually give you the $500 directly (which is probably for the better), but they'll be paying for any services that you need to get your project off the ground + provide guidance. You'd have to apply via their website, and they'll reach out to you--do a quick interview and if they like what they see they'll back your side project.
How do I receive the funding?
We’re not giving away cash money. If you are successful, we will make a payment directly to a product or service provider that you have specified – or an alternative that we suggest – that you need for your side project to grow.