Eighteen companies and two nonprofits have been invited to spend the summer learning and building at the social network's Palo Alto, Calif., headquarters.
This year, the big differences are that FBFund awards are in the form of equity investments, not grants, and that many of the finalists are now Facebook Connect or iPhone apps.
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.
The second annual FBFund investment grant competition has already given out $25,000 apiece to 25 finalists, and five winners will receive $225,000 each.
Cloud platform compatible with wide variety of devices, including Android and iOS, will enable developers to reach wide group of customers as well as utilities and energy service providers.
A fellowship program for computer science and engineering Ph.D. students will give five participants a $30,000 stipend and the opportunity to apply for an internship.
The company announces a new program called FBFund to provide grants to developers who are interested in creating applications for the Facebook Platform.
Three weeks after announcing an incentive fund for developers who want venture cash for their Facebook Platform applications, an e-mail posted on a blog indicates that the company has asked that all prior applicants re-start the process.
The first round of the company's FBFund grant contest has concluded, with 25 finalists to be announced on September 22.
Social technologies are the focus of sFund, a new $250 million fund for backing social-media start-ups and applications.