Indie Fund now accepting applications

If you need money to bring your indie game concept to life, and you don't want to enter Activision's design contest, you now have another alternative: The Indie Fund, created by a team of established indie devs, is soliciting applications. To apply, you need a playable prototype, a video and, you know, a cool game.

The fund, "established as a serious alternative to the traditional publisher funding model," invests in games by small teams, in order to allow those teams to remain independent of publishers. "World of Goo cost $120K to develop," the application page notes. "Braid cost $180K. That's about the right size project for Indie Fund right now, and it necessitates doing things on the cheap." So, if your game concept is a realistic first-person shooter with MMO elements, get right out of there.

This article was originally published on Joystiq.