* fbFund is a $10M seed fund and joint venture run by Facebook, Founders Fund, and Accel Partners.  Investment capital for the fund is provided by both Accel and Founders Fund.  For the current fbFund REV 2009 incubator program (our third company competition), selected companies are eligible to receive up to $100K in equity investment.  This year we have 25 companies participating in a 12-week program from June thru August in Palo Alto, CA.
 
fbFund provides the following benefits to our startup company participants:

• Funding: Receive up to $100k in investment from fbFund, provided by Founders Fund and Accel Partners.
• People: Have you ever been surrounded by 50+ brilliant people, all hungry to create meaningful and innovative technology?  fbFund participants share a vision to make the Web more social for users.
• Education: Attend weekly presentations on best practices in technology, product, marketing, and business topics given by top engineers, experienced entrepreneurs, and startup investors from Silicon Valley and beyond.  Speakers include both Facebook employees as well as others.
• Mentorship: Get one-on-one coaching and feedback on business and technical issus from Facebook, fbFund Developer Council mentors, and other experienced technical and business advisors.
• Office Space: All of our startups and the fbFund team share space at our Palo Alto office in the heart of Silicon Valley.  We believe in stimulating creativity through rapid prototyping principles and best practices developed at the Stanford University Institute of Design such as: open collaboration, movable furniture, lots of white boards, and (most importantly) tons and tons of Post-Its.
• Demo Day: At the end of the summer program, fbFund startups will show product demos and business presentations to prominent Silicon Valley angel investors and venture capitalists, as well as a select group of press and bloggers.