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Source:TechCrunch

Facebook has just announced 25 winners of cash grants from the fbFund. These grants are given to the Facebook developers that are creating some of the most promising apps on Facebook. The fbFund is a $10 million fund announced a year ago by Facebook, Accel Partners, and the Founders Fund.

Below is a list of the 25 winners, out of 600 applicants. They each received about $25,000 and will be eligible for five top prices of $225,000 (about $2 million, when all is said and done). To help determine the final five, Facebook will have a page where members can vote on their favorite apps. The cash is a free-and-clear grant, but Accel and Founders Fund get first right of refusal if they decide to invest in any of the finalists.

This entry was posted on Wednesday, October 15th, 2008 at 3:30 pm and is filed under facebook, Company & Product Profiles, fbfund. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.