We’ve talked about drones here before, and some of the interesting potential business applications. But if you just want to have a play around to test some things out, the £300+ price tag can be a bit expensive. I’ve just read about a new venture though, which could put you in control of your own drone for a lot less.

The Micro Drone 3.0, made by ExtremeFliers,  weighs just 71g and fits in the palm of a hand. It has HD video capabilities and can even live-stream footage. It can be piloted from up to 50 feet via a smartphone app or 300 feet via remote control.

The Micro Drone 3.0 is currently crowdfunding on Indiegogo where it has already raised over $1 Million. Backers can pre-order the full package — which includes an HD camera module and virtual reality headset for just $150.

If you’ve been thinking about exploring the potential of drones, this could be a cost effective way to do it.