A group of investors has teamed up
to form AppFund
, a company solely focused on raising money for and incubating apps for the iPad
. You'll remember the somewhat similar iFund
, which even got a mention in an Apple keynote a while back, and eventually offered up millions of dollars to emerging iPhone app companies like ngmoco
. AppFund is trying to do the same thing, though they're starting out a bit smaller, promising $5000 to $500,000 to folks with interesting iPad ideas and the means to get them up and running.
They're soliciting ideas right now
, so if you saw the iPad on stage and came up with a brilliant way to use it, you can send them a report
and see if they bite. You'll probably need a solid business plan and/or a prototype as well, since they probably won't give you $500,000 to develop an iPad whoopie cushion that you can sneak onto a chair and make someone sit on. Or will they?
Excuse me, I have go to compose an email...