ThemBid.com » Blog Archive » Facebook Founder Announces 10 Million Dollar Grant Fund
Mark Zuckerberg has announced today, at the Tech Crunch 40, that the investors at Facebook have created a 10 million dollar fund to support companies that develop on the FaceBook platform. The fund is open for application to existing developers as well as start ups. They are looking for ideas that are innovative and disruptive. No formal web site exists; however, you can pitch your idea directly at firstname.lastname@example.org. They do not require re-payment; however, they want first right of refusal upon obtainment of VC capital. The will fund between 25K and 250K.