Facebook's fbFund to launch incubator program

The fbFund will choose a few Facebook Platform developers to get up to $100,000 in funding and spend the summer in Palo Alto, Calif.

Last fall, Facebook's fbFund had a successful grant competition where it shelled out $25,000 in seed funding each to 25 promising Facebook Platform developers. fbFund is following up that effort by starting a Facebook Platform incubator in Palo Alto, Calif., this summer. fbFund will pick 50 finalists out of the applicants and choose "a few lucky start-ups" to get up to $100,000 in funding and spend the summer in Palo Alto (Facebook's hometown), participating in tech talks and developing applications.

Those who get to spend the summer in Palo Alto will also have access to an impressive list of mentors, including Facebook itself, Accel Partners, Flixster, Founders Fund, RockYou, SGN, Slide, Tapulous, and Zynga. The program lasts from early June through late August and there's no word if there are plans to extend the incubator past the summer.

It sounds like a pretty sweet deal for aspiring Facebook Platform developers who need the funding and mentoring to take their business to the next level. The hope is that it will also spark more interest in developing for Facebook Platform since the iPhone and other platforms have been stealing all the buzz lately.

For the developers out there who are interested in applying for fbFund's incubator, the application is here.

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