iDev3 Launches the Industry's First Mobile Application Incubator in the US
Poster: SySAdmin
Posted on May 20, 2010 at 3:07:01 PM
iDev3 Launches the Industry's First Mobile Application Incubator in the US
Start up Seeks to Equitize the Mobile Applications Market
NEW YORK, May 20 -- iDev3, a mobile applications incubator, has officially launched the Web's first mobile applications cooperative in the US. The company was created to reward smaller and independent mobile application developers by 'equitizing' their investment in their own intellectual property, allowing them to become part of the larger parent company TGFin Holdings (BULLETIN BOARD: TGFN) and therefore diversify their risk. iDev3 specializes in Apple's iPhone applications by trading stock from the parent company for the app's intellectual property and a share of the revenue of the application.
"We had a specific vision for iDev3: to diversify the rich intellectual property of mobile application developers," said Sam Gaer, Founder and CEO of iDev3. "iDev3 is the first company that increases the revenue potential for the mobile applications market by making developers and our company a marketable force rather than that of a standalone mobile application."
The first line of applications available for sale on iTunes and through iDev3 are SportsCast® Soccer, SportsCast® Baseball and SportsCast® Basketball. iDev3 funded the development, marketing and incubation of all three SportsCast® applications. This mutually beneficial ecosystem of mobile applications is already resulting in larger profit margins for all parties involved.
TechCrunch recently published a study that claims the mobile application marketplace could grow from a $1.94 billion business in 2010 to a $15.65 billion business in 2013. The study also predicts the Smartphone user base to grow from 100 million to 1 billion in that same time frame. With this growth rate of 807%, iDev3 adds a profitable layer to an already fast-growing mobile marketplace.
About iDev3
iDev3 is a mobile application incubator founded in 2010 by Sam Gaer, the former CIO of the New York Mercantile Exchange. iDev3 strives to equitize the mobile applications market by trading developers' intellectual property for stock in TGFN, iDev3's public parent company. By capitalizing on the notion that strength is in numbers, iDev3 is a mobile application incubator of marketable intellectual property and an ecosystem of mutually beneficial financial rewards. iDev3 is located in New York City. For more information, please visit http://www.idev3.com/.
Source: iDev3
CONTACT: Teena Touch PR, +1-415-310-3125, Teena@teenatouchpr.com, for
iDev3
Web Site: http://www.idev3.com/
Start up Seeks to Equitize the Mobile Applications Market
NEW YORK, May 20 -- iDev3, a mobile applications incubator, has officially launched the Web's first mobile applications cooperative in the US. The company was created to reward smaller and independent mobile application developers by 'equitizing' their investment in their own intellectual property, allowing them to become part of the larger parent company TGFin Holdings (BULLETIN BOARD: TGFN) and therefore diversify their risk. iDev3 specializes in Apple's iPhone applications by trading stock from the parent company for the app's intellectual property and a share of the revenue of the application.
"We had a specific vision for iDev3: to diversify the rich intellectual property of mobile application developers," said Sam Gaer, Founder and CEO of iDev3. "iDev3 is the first company that increases the revenue potential for the mobile applications market by making developers and our company a marketable force rather than that of a standalone mobile application."
The first line of applications available for sale on iTunes and through iDev3 are SportsCast® Soccer, SportsCast® Baseball and SportsCast® Basketball. iDev3 funded the development, marketing and incubation of all three SportsCast® applications. This mutually beneficial ecosystem of mobile applications is already resulting in larger profit margins for all parties involved.
TechCrunch recently published a study that claims the mobile application marketplace could grow from a $1.94 billion business in 2010 to a $15.65 billion business in 2013. The study also predicts the Smartphone user base to grow from 100 million to 1 billion in that same time frame. With this growth rate of 807%, iDev3 adds a profitable layer to an already fast-growing mobile marketplace.
About iDev3
iDev3 is a mobile application incubator founded in 2010 by Sam Gaer, the former CIO of the New York Mercantile Exchange. iDev3 strives to equitize the mobile applications market by trading developers' intellectual property for stock in TGFN, iDev3's public parent company. By capitalizing on the notion that strength is in numbers, iDev3 is a mobile application incubator of marketable intellectual property and an ecosystem of mutually beneficial financial rewards. iDev3 is located in New York City. For more information, please visit http://www.idev3.com/.
Source: iDev3
CONTACT: Teena Touch PR, +1-415-310-3125, Teena@teenatouchpr.com, for
iDev3
Web Site: http://www.idev3.com/