Funded Apps pays for your App ideas

Posted on May 16 2011 - 4:40pm by Richard Sharp

Did you watch the Apprentice last week? If you did you will know that the contestants were tasked with dreaming up a brand new app concept which they had to take to market, the winners where the team with the most downloads. The whole episode spawned a lot of would be entrepreneurs to think of better app ideas, however,  the problem many have is actually making their concept a reality.

Got a great idea but lack app building skills?

A new service, aptly named Fundedapps aims to take the best ideas from everyday folk and turn them into fully fledged apps. For their trouble they keep 75% of app profits whilst the concept inventor receives £250 and 25% of all profits once the app has gone live – not bad for an idea.

Alastair Curtis explained: “There’s an absolutely huge market out there – nearly 27 million mobile phone users in the UK have downloaded and used an app and this figure is constantly growing. With FundedApps, you can easily submit an app idea, and if it’s good enough, you stand to make a huge amount of money.”

The facts really do speak for themselves, 10 billion apps have been downloaded from the Apple app store already and this is only going to increase as more and more people turn to smartphones and tablets. If you have an idea now really could be the time to get cracking with an app, we’re not saying Funded Apps is the only way to go but it makes a whole lot of sense if you have an idea but don’t have the knowhow or funds to build the actual app.

Basically their app is free to download, however for each idea you submit it will cost you £1.19, funded apps look over the idea and if they think it has legs will send you details of how they would like to proceed. Likewise if they think it’s a terrible idea you will receive a polite ‘no’.

Do you think Funded apps is a good idea and will you be giving them a try?

 

About the Author

Richard Sharp is the founder of gadgetsandgizmos.org. He loves technology, gadgets (comes with the territory) and social media. You'll find him writing features, attending events and playing with cool tech. Life's good.

3 Comments so far. Feel free to join this conversation.

  1. Danielle May 16, 2011 at 8:00 pm - Reply

    Sounds great! How do I submit my idea?
    Also, how do I know that I won't be told my idea was terrible and it really wasn't and then funded apps goes ahead and makes it anyways and it becomes successful?

  2. Corey May 16, 2011 at 10:34 pm - Reply

    You can submit your idea through their App which is available on Apple devices and apparently will be out on Android in the next few days.

    On their site (www.fundedapps.com) there is a full explanation of what happens if they do not accept your idea.

  3. Martin Bourge July 13, 2011 at 5:47 pm - Reply

    I recently submitted an idea for an app that brings together two different areas of financial investment into a sexy little package. I was told that this type of app is against the policies of Apple so thanks but no thanks, even though the app store has a ton of apps for trading the markets. Looking at the reasons they gave me for refusing to develop my app and what is actually available on the app store I find it hard to believe that this this is the real reason they refused me so I have put in for an immediate refund. My advice would be steer clear of paying to submit an app for now and wait to see if anybody has real success with this company because from where I'm standing, they seem to be a sham.

Leave A Response