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."