Facebook gives away money. Or something like that.

[httpwebwitch]

We are looking to fund talented developers and entrepreneurs with up to $250,000 non-recourse grants to build great applications on Facebook Platform.

source [new.facebook.com]

So has anyone read through the fine print yet? what's the catch?

[httpwebwitch]

Sorry, I didn't realize you have to be logged in to facebook to see that link.
I think you also have to have the developer app installed.

[rogerd]

Here's a public descripton of the program from CNET: Facebook kicks off developer funding competition [news.cnet.com].