Have A Great iPad App Idea? Get Funded By AppFund

CNET and E! Online co-founder Kevin Wendle and MusicNation and Original Signal co-founder Daniel Klaus have some money to throw around and they are looking for some talented app developers to catch it. The team of two have formed AppFund, a new company designed to help entrepreneurs create and launch iPad-based apps.

“We believe that the iPad is a revolutionary device with the ability to transform everything from the way consumers experience content, media and social networking to the way businesses can use applications to revolutionize their operations. The possibilities for this device given its size and functionality could eclipse the application market for the smaller iPhone,” said Wendle and Klaus. “A whole new category of developers and entrepreneurs is going to emerge around the iPad and build applications that can be even more interactive and dynamic.”

AppFund is intended to provide funding, ranging from $5,000 to $500,000 depending on the complexity and potential of each app, to the iPad development community in order to build apps that “support the long-term success” of Apple’s yet-to-be-released device.

The company is already taking proposals for app ideas since they intend to be a part of the iPad’s launch in March. They are really looking for revolutionary app ideas, not just rehashed iPhone apps. Below is an outline of what types of apps they are looking for:

• Enterprise, Small business B2B, and B2C solutions
• Collaborative entertainment consumption
• Platforms for original content distribution
• Social networking around location based connections, dating, shared experiences, and shopping
• Utilities for everyday use around the house, car, and office
• We are looking for Apps that will become utilities in everyday life and Apps that will help business grow
• Priority will be given to ideas that: Target early adopters and urban dwellers
• Target users 16-39 with higher
• incomes Incorporate video, audio, interactivity, and other capabilities unique to the iPad
• Have a long shelf life
• Have the potential to become “hits”

If you think you have that perfect iPad app idea, contact AppFund right away. Time is of the essence.