I'm in. I think it's a good course. If we can get it going, my personal cap is $100/yr.
Have a central deposit is a good way to encourage development and avoid reinventing the wheel. I'm in the academic, so this sounds to me a lot like NIH grant application/reviewing/funding mechanism. I think we need at least 2-3 members serving the editorial and admin. position for this project. The task will be
1) help determine the projects to be funded (member voting + brief peer review)
2) monitor the progress of funded project, bimonthly editorial to let the donors and z community know the progress of funded projects.
3) award announcement (project of the year or something...)
4) annual summary: income + outcome, donors names, project summary, etc..
4) ...
need to know:
1) the scale of the money (how much are we actually talking about ?)
2) length of the funding period (semi-anually/anually?)
3) review committee members
4) award mechanism to encourage innovative and new project, while maintain the evolution of the mature projects
5) ...
so before going into details:
1) developers: do you care such amount of money? or more of an honor?
2) Z community: are you willing to see such a project? as OP said: are you in? and How much?
I don't think now is the time to be optimistic, but I have to mention this. This is what vendors/manufactures really believe: numbers, "$". If such project is running well for couple of years, we can show the financial report to, say Sharp. Until they see the numbers, they won't be convinced how much energy and enthusiasm is within the Z community. Then we might be able to expand the project, not only limited to software development.