Italian firm lays out $250,000 for iPhone developers
updated 10:05 am EDT, Wed July 16, 2008
$250,000 for iPhone devs
An Italian venture capital firm is offering $250,000 in US funds to potential iPhone developers, according to reports. The company, H-FARM, says the deal is a part of its new Seed Program, meant to regularly boost a technology company every three months. This quarter's competition revolves around iPhone applications, and is asking companies to submit three-page proposals in PDF form, via e-mail.
The competition ends on September 30th, after which the winner will be "financed and incubated" in H-FARM's Italian offices in Treviso, or American ones in Seattle. As far as immediate criteria is concerned, the company is asking developers to "look at the phone and ask yourself which icon you would want to have next to the weather forecast, the exchange rates, or YouTube."
Fresh-Faced Recruit
Joined: Dec 2001
caution
I would advise extreme caution to anyone interested in this type of thing. Read everything carefully in regard to copyright transferrel, and make sure everything is acceptable, clear, and in writing. Also make sure you have filed for copyright and trademark of your ideas before submitting anything.
Not to sound too cynical, but the iPhone has opened the door to new, smaller developers who might not be aware of the way the games that can be played (no pun intenfed) in the intellectual properties world. $250,000 may sound like a lot of money, but it isn't much really in the scope of things. And there are always wolves out there that prey on the unsuspecting.