AppFund Launches To Seed iPad Apps

On the heels of the launch of the much-hyped iPad, investors and developers alike are beginning to cater to the iPad ecosystem. CNET and E! Online co-founder Kevin Wendle has teamed with MusicNation co-founder Daniel Klaus to form AppFund, a company designed to help entrepreneurs create and launch iPad and other Tablet based applications. Similar to startup incubators like Y Combinator, AppFund will provide funding and expert mentoring to help developers build the very applications that will support the long-term success of the iPad. Based in New York City, AppFund will invest anywhere from $5000 to $500,000 in startups developing applications for the iPad or other tablet devices. The amount funded will depend on the complexity of each app.