Kate Greene

A View from Kate Greene

Facebook Funds Developers

At the Techcrunch40 conference, Facebook announces cash for programmers.

  • September 18, 2007

At the Techcrunch40 conference in San Francisco yesterday, Mark Zuckerberg, the founder of Facebook, announced a $10 million fund, called fbFund, for programmers who develop applications that run on the social-networking site. Grants of $25,000 to $250,000, paid for by the Founders Fund and Accel Partners, will go to developers who create “innovative and disruptive” Facebook applications, says Zuckerberg. The announcement comes two months after Bay Partners, a Silicon Valley venture capital firm, set aside millions of dollars to fund Facebook developers.

In May of this year, Facebook opened its doors to developers who wanted to create programs that the site’s users could download and put in their profiles. The programs–there are thousands of them–range from the useful (an application to send video messages) to the inane (a game in which you tag your friends as virtual zombies). Since May, writing Facebook applications has become big business (see “Building onto Facebook’s Platform”). And even professors at Stanford seem to think that all of this is important: the university is now offering a course in how to build applications for the site.

Uh oh–you've read all five of your free articles for this month.

Insider Premium

$179.95/yr US PRICE

More from Business Impact

How technology advances are changing the economy and providing new opportunities in many industries.

Want more award-winning journalism? Subscribe to Insider Basic.

  • Insider Basic {! insider.prices.basic !}*

    {! insider.display.menuOptionsLabel !}

    Six issues of our award winning magazine and daily delivery of The Download, our newsletter of what’s important in technology and innovation.

    See details+

    What's Included

    Bimonthly home delivery and unlimited 24/7 access to MIT Technology Review’s website.

    The Download. Our daily newsletter of what's important in technology and innovation.

You've read of free articles this month.