September 19th, 2007
Facebook’s popularity has sky-rocketed over the past few years – from a small site designed for university-based social networking into a huge and indispensable tool for millions worldwide. Now that applications have been introduced, Facebook has become even more versatile than before, with many earning money from their programs. Even better is that now, in a new move to improve Facebook even more, software developers can be given up to £125,000 to develop applications for the site.
Currently, there are around 4,000 small programs of varying quality embedded onto profiles on the site, covering everything from dating to music to utilities for your profile. But Facebook’s founder Mark Zuckerberg wants firms and individuals to create even more “innovative and disruptive programs.” At the TechCrunch40 conference in San Francisco he recently announced that grants will come out of a $10m pot and be given for great ideas to boost Facebook’s popularity further. As the founder says:
“We’re doing this at Facebook to support the ecosystem and help it grow. Any application developer can submit their application and a little business proposal to us. If we think the project is good, we will give a grant for somewhere between $25,000 to $250,000.”
The only restriction is that companies can’t have made any money from their idea previously – Facebook should be the first avenue in which their ideas “get off the ground.”