If you regularly browse the pages of our Apps section thinking “I could do better than that”, here’s your opportunity to put that to the test. FundedApps is a service that lets you submit your own app ideas and earn money from them without having to do any of the development work yourself. Taking the form of a simple iOS app, you submit a title and description for each idea that you have. Submissions are then reviewed by a team that presents any they think are commercially viable to an investment board. If it gets the green light to be built, you immediately earn £250 for your idea. Once the app’s on sale, you’ll get a 25% cut of net revenue. FundedApps, which launched this week, is a product of Offficial – a UK-based investment funding company in the mobile sector. The company says that there’s no ‘catch’ to the process and indeed, a length set of terms and conditions lay out exactly what you should expect when you submit an idea. There’s a fee of £1.19 each time you submit an idea although this seems largely designed to disuade people from submitting ridiculous app suggestions for the fun of it. Foursquare for dogs, anyone?
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