Apple's upcoming iPad launch has many developers excited about the potential of the tablet device. Some developers may have some brilliant ideas but don't have the cash to get their product out there. That's where AppFund comes in. Today, CNET and E! Online co-founder Kevin Wendle has teamed with MusicNation and Original Signal co-founder Daniel Klaus to form AppFund, which should help entrepreneurs create and launch iPad and other tablet-based applications.
The AppFund investments will range from $5,000 to $500,000 "depending on the complexity of each application and its potential to tap into the mobile end user market." Developers are encouraged to submit their proposals now in order to be part of the launch of the first iPad applications by summer 2010. The written proposals should be sent to submissions@appfund.net.
“We believe that the iPad is a revolutionary device with the ability to transform everything from the way consumers experience content, media and social networking to the way businesses can use applications to revolutionize their operations. The possibilities for this device given its size and functionality could eclipse the application market for the smaller iPhone,” said Wendle and Klaus. “A whole new category of developers and entrepreneurs is going to emerge around the iPad and build applications that can be even more interactive and dynamic.”
The duo continued, “This year alone Apple is reporting that iPhone applications will grow to over 200,000. In that there is an expectation that developers will port their ideas to the iPad, we look forward to providing funding and thought capital to the entrepreneurs willing and able to harness this new and exciting marketplace.”
