If you’ve got an idea for a business or application based on Facebook then now’s the time to act as Facebook has announced that grants will be made available to inspire new applications.
Grants will go out of a $10m pot raised by Facebook’s primary backers Accel Capital and The Founders finance. The two groups will get the right of first refusal for the first go of financing any start-up or company in the finance which Zuckerberg will administer as a come in advisor. The fund is now accepting applications for $25,000 - $250,000 grants from anyone interested in building their business on the site’s own platform.
Any individual or affiliate anywhere in the world can apply as long as they undergo not raised any formal venture funding. Facebook said yesterday. In a statement the site explained that the fund is being made available to “back up change the Facebook applications ecosystem.”
If you would desire to apply for a garnt then send your submission to. The beat.
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