Possible funding through Project SOS

Quote from: "http://www.seocompany.ca/project-support-open-source.html"

The scope of Project SOS is to have 100 to 200 companies donate $50 to 100 different FOSS projects. I am putting together a list of 200 projects so each project on the list will get 50 to 100 donation of $50 each if I meet the projected target of $500,000 to $1,000,000 in donations (100 to 200 donors giving $5000 each). As of May 30th I have commitments from 4 companies to give $5000 each and I have made a commitment to give $10,000 over the next 3 or 4 months (this is noted below in Project SOS History).

Here is the requirement list :

Requirements To Get On The Project SOS List

1. The project must have a website.
2. You must place an acknowledgment of each donation on your site.
3. Your project must be currently active and have produced a software product.
4. Your software product must be released under a free open source software license and this must be stated somewhere on your site.
5. You must have a PayPal address or PayPal service that donations can be sent to.

And the things we have to submit when we apply :

Questions Asked When You Apply To Get On The Project SOS List

1. Will you be able to place an acknowledgement of each donation on your website?
2. What page would you be putting the acknowledgement on?
3. What is your PayPal account email?
4. What license is your software project released under (GPL, BSD, GNU, or what ever) and what is the URL of the page where the license information is posted?
5. What was the date of the first version of your software?
6. How many different versions of the projects software have been released?
7. Is your project currently active?

I thought it couldn’t hurt to apply but I’ll check a bit more thouroughly who SEO company is and how serious this thing is...
What do you think ?

I have started digging about open source funding and found some infos about this trend :
WikiPedia article
Money for nothing? Open source VC funding
Open source funding up 131% in 2006
Open source funding: the complete picture
$1.89 billion in open source funding (CBR)
older but still interresting Open Source: Now It’s an Ecosystem

I’ll be writing an article on the MODx blog about this, and more importantly I’ll look for as many funding program I can find.
Stay Tuned !

Sounds interesting, but I’d be quite hard pressed to believe that they’ll raise the money.

That bit about requiring the PayPal account email started all kinds of alarm bells going off. Unless I’m much mistaken, you can use that email to get a new password to your PayPal account. Maybe I’m just getting paranoid in my old age, but I would definitely take a long, hard look at these people.

You mean having just an email adress is enough to reset a password ?
I doubt PayPayl is that careless...