I was inspired to try this experiment by Nadia Eghbal's grant program: https://medium.com/@nayafia/5-000-no-strings-attached-9e7b95...
For example, I could imagine funding a project that a student might do in 8 weeks over the summer working full-time, or a project that someone might pursue part-time over the course of a year. My guess is that the first type will dominate the applications (and therefore the grantees), but I don't know yet.
I am open to scurry along and move to this new place where the cheese is.
That could be experience shipping open source software, a relevant math background, a track record of being great at explaining algorithms, or something else I'm not thinking of right now.
To get an idea of what a more complex version would look like, which is closed source, see:
A pal I know could use half of that just to set up the legal structure of his outfit.