I just came across this website, My Micro Fund, where the owner is funding business proposals in the form of a grant or a goodwill loan for people who have a basic business idea laid out but is simply a little short on cash (up to $3000).  Currently the three projects that have been approved are all internet based and he indicated that is most likely the direction in which his funding venture will go.

To create an online business venture, the typical cost includes:

- A computer

- Web hosting

- A certain amount of budget for initial marketing.

This will come out to be around 500~3000 which is exactly what My Micro Fund is offering.  Personally I view this as a tremendous opportunity for young people (between high school and college) who is passionate about technology who needs a little help.

You can also explore  Google’s Google App Engine as it is one of the hottest area in information technology in cloud computing.