I have a great App idea, what should I do next?
Click Submit Your App Idea and fill out the form, if your idea is accepted you will then be contacted by a representative of Mobile App Fund within 21 business days but it can sometimes take longer so please be patient. You can also email your App idea submissions to [email protected]
How much money can I make?
Tier 1 accepted ideas will get you 25% of the profits your application generates for Mobile App Fund and Tier 2 approvals get you 50%. For example, a top selling application on the iTunes App Store was recently reported to earn about $50,000 a day. So that’s $12,500 a day if you’ve got an idea that could rocket to the top. Not bad for filling out a form!
What if my idea is accepted to Mobile App Fund?
We will contact you by email or phone within 21 days of your submission to let you know if your idea has been accepted. We’ll plan to meet in person or by phone and see if we would be great partners for each other. From there we’ll get the paperwork going and start working together.
My idea was accepted for a Tier 2 approval, what happens next?
We will contact you by email or phone within 21 days of your submission to let you know if your idea has been accepted for tier 1 or tier 2 funding. Tier 2 ideas accepted to the fund requires a Proof of Concept and offers a generous 50% equity share in the Apps profits. We’ll plan to meet in person or by phone and see if we would be great partners for each other. From there we’ll get the paperwork going and start working together.
How should I protect my idea?
You can contact an Intellectual Property attorney who can help with setting up a company and any legal rights you might have. We assure that our intentions are in no way to steal or plagiarize your ideas and believe that everybody should have a chance to be recognized for their creative potential and have the opportunity to share in the profits. Let it be known that if your idea has not yet been chosen for production or if it has been rejected, you can request it back at any time. Upon request, all intellectual property and the rights thereof will be returned to you, the submitter, to use how you decide.
If several people submit the same idea, who gets the credit/fame/money?
We do our best to credit the one who submitted the App Idea first.
How old do I need to be to submit an idea?
You must be 18 years or older to participate. If you are under 18 and have your parent or guardian submit the idea under their name, you can still participate.
How long does an application take to design, develop, and deploy?
Depending upon complexity, a few weeks to a few months. So please, be patient. If you’ve been approved, trust us, it’s in both of our interest to move quickly.
How do you decide which App idea submissions get accepted to the Fund?
We use these four criteria when judging an application.
Originality. Is it a new idea? Or a new spin on an old idea? Or an old spin on a new idea? Be sure to do your homework. We’ve had some great ideas that had to stop halfway because someone beat us to the punch.
Functionality. There’s two parts of this one. First, does it take advantage of the unique functions of the iPhone, iPad, or any Android Device? Second, is it functional? Will people want to use it because it meets a need?
Simplicity. Another two parts. Part one: is it simple to use? Part two: It is very hard and time consuming to develop or is it a realistic App idea?
Revenue Opportunity. Will people pay $.99 for it? Will they pay $9.99 for it? Is this the kind of application that advertisers would pay to include their brand in? Will this application generate valuable data? Will it make money? Will it build a user base of millions of people?