Mobile incubator YouWeb announces 9+ studio for consumer app funding
YouWeb, the incubator company behind OpenFeint and CrowdStar has launched a new studio that looks to help former game developers become founder-CEOs of new startups in the consumer apps space.
The new 9+ studio offers developers a nine-month mentorship opportunity, along with $110,000 of investment to bring their new companies and ideas to life. YouWeb CEO Peter Relan [pictured] says game developers are the perfect individuals to create consumer apps, due to their established experience in user acquisition and free-to-play monetization models.
Relan believes these developers have experienced fighting against larger organizations to make their games a success, and therefore understand how to accelerate development and growth without massive cash investments. The 9+ incubator has already closed $2 million in funding, and has attracted a variety of developers interested in the service.
“Let’s change the app ecosystem and move away from the app assembly line,” Relan said in a company release. “I invite game developers and product professionals to take what they’ve learned from building mobile games, to become founder-CEOs, and re-imagine the way consumer apps are developed and monetized.”
The 9+ studio will choose up to 12 companies per class, two times per year, focusing on viral B2B products in mobile and tablet computing, wearable computing and more. Selected companies will receive $30,000 in cash for equity, and another $80,000 as a convertible note. They will also receive nine months of guidance via the program.
Developers interested in applying for 9+ can learn more on the company’s website.