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Fund your dork! Open Source Hardware Bank March 19, 2009

Posted by Maribeth in how-to.
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Via Cory over on Boing Boing:

    A microcredit co-op bank has sprung up in Northern California, using money pooled from hardware hackers to fund other open source hardware hacking projects. They’ve found 70 lenders.
    Two open source hardware enthusiasts, Justin Huynh and Matt Stack, have started the Open Source Hardware Bank to fund hardware projects…
    The fledgling bank is funding only open source hardware projects using capital raised from other hardware geeks. It’s like a community of Facebook friends borrowing and lending among themselves — a peer-to-peer bank.

More from Wired’s Gadget Lab.

And here’s the Open Source Hardware Bank site itself.