You mentioned doing this because you have projects that you think need funding? 2 questions: 1) how much do you need? 2) with your chops/age a crowdfuned solution might work for you.
I think plenty of devs on here would be willing to toss you a few $$$ for a well defined project.
1. Enough to:
a) Pay for a VPS (I'm currently running test software on a t1.micro EC2 instance -- free for the first year)
b) Pay for any shipping costs/losses while I figure out if the idea's viable (it's a partially digital and partially physical idea)
c) To upgrade my development hardware. I don't want to sound bad here, but I currently develop on a netbook. (which I won here: http://www.tcsitwiz.com/images/2010_kol_runner_big.jpg - I'm the guy on the right)
d) Advertising costs?
2. I did think about that, but popular services like Kickstarter et al are not available in India.
I think plenty of devs on here would be willing to toss you a few $$$ for a well defined project.