Facebook throws open developer fund compo
Offers cash for apps
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Facebook is offering grants to developers making applications for the social networking site - entries must be in by 29 August.
A total of $10m is available in grants of $25,000 or $250,000. Round 1 will give 25 applicants grants of $25,000. Round 2, contested by the winners of Round 1, will give grants of $250,000 to the top five chosen apps.
The fbFund will also offer mentoring from Facebook staff along with marketing help. You can enter the competition here.
Developer teams must not have more than $500,000 in formal VC funding and have at least one developer based in the US. Entries will be judged on seven criteria: Originality of concept, saleability, social usefulness, expressiveness, intuitiveness, potential and the strength of the team involved.
Ten applications have already received money from the fbFund.
The company opened up the source code for its platform in May to encourage more developers to get involved. ®
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COMMENTS
US Developer - Updated
Facebook have now opened the competition to UK and Canadian based teams!
You can always hire a US Ringer
If you want a US developer, draw up a contract fielding any US friend as a "developer", offer them 1-5% with a Non-compete and bam. You have a US developer who can't steal your idea (Or probably know what to do with it if they had it). Just because they are labelled as a "developer" Doesn't mean they actually have to develope anything. Offer a lazy american 1-5% to sit on his ass and then you develope your program. Facebook doesn't have to know you have a non-compete agreement inside your team, Hell, I would have one regardless.
Problem solved - as developers, I would expect more outside the box thinking.
Loopholes are the things that make everything else work.
token septic tank
Chris Birch, I'm a US developer in the States; when would be a convenient time for you to discuss further?
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