AppFund promises financial support for iPad development

CNET and E! Online co-founder Kevin Wendle announced a partnership with MusicNation and Original Signal co-founder Daniel Klaus to form AppFund, a new firm designed to help entrepreneurs create and launch applications for Apple's forthcoming iPad and other tablet devices. AppFund investments will range from $5000 to $500,000, according to the complexity of each application and its commercial potential--each proposal also will evaluate an app's value as a utility in the everyday lives of consumers, enterprise users and small businesses, as well as its scalability and viral marketing potential. AppFund is currently accepting written proposals.

For more on AppFund:
- read this release

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