I read it as £500 total, not per month. That’s the equivalent of eating out one time each month, hardly life-changing.
Re:Tyk: Micro-grants for side projects
by elkinthewoods on Friday March 20, 2020 @10:05AM
(#22637583)
Thanks for the debate on this. I work at Tyk and lead the team running this initiative so find it really useful.
This is the first 'cohort' for the fund, and we are open to increasing the grant size in future. However, keeping it smaller means we're able to make a difference to more projects.
Tyk also started as a side project ourselves, with founders initially working around their day jobs, before bootstrapping for a few years. Because of our own experience we believe there are viable, exciting projects out there that could benefit from this type of small scale help. Applications received seem to suggest this too.
Once we've finished this round there will hopefully be a blog sharing some of the projects helped if you're interested to see. In the meantime, thanks again for the feedback which we'll take on board for next time.
Emma at Tyk
It removes almost all of the downside and keeps all the upside for developers. This kind of funding lowers the activation barrier considerably.