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AppFund plans to fund iPad apps up to $500k

By: , IntoMobile
Thursday, February 4th, 2010 at 12:29 PM

AppFund-1The iPad apparently isn’t about revolutionizing computing, it’s all about allowing new apps to revolutionize they way we use the iPad. At least that’s what a new app development fund, called AppFund, believes is the real draw of the iPad. AppFund was created by CNET co-founder Kevin Wendle and MusicNation co-founder Daniel Klaus with the goal of seeding development costs for app developers looking to launch new iPad and other tablet-based apps.

The AppFund will invest anywhere between $5,000 and $500,000 to help get iPad apps off the ground. The more complex the app, the more money AppFund will throw its way. AppFund has millions of dollars sitting in its coffers, just waiting to be doled out to eager developers with a great new iPad app idea. Developers are being asked to submit app proposals as soon as possible, in preparation for the launch of the iPad in mid-2010.

This isn’t the first time we’ve seen an investment fund created solely to jump-start app development in the mobile space. Previous funds have done a great job of nurturing interesting app ideas into full-blown, marketable apps. With a fund dedicated to iPad and tablet app development, we might very well see the tablet space take off in 2010 and 2011.

Check out AppFund here.

[Via: TechCrunch]

About The Author

Will Park

Will hails from The City of Angels - Los Angeles, California. He spends his time playing with his numerous gadgets and looking forward to seeing what future holds for mobile technology. An avid promoter of a fully "digital" life, he promotes the widespread adoption of truly mobile, paper-less living. He dreams of the day when he can go completely digital. No more snail mail, paper receipts, bound books, notepads/spiral notebooks, credit cards, hard currency. He's a digital warrior - fighting for the converged life. He is an idealist and a realist - he has a perfect view of what the world should be but knows that the world is not perfect. Can we ever hope to see Will's dream become reality? We'll see...

  • JS

    Great way to waste money!

    Good thing I wont be investing in this fund.

    Nvidia Tegra will trounce this piece of garbage.