Social gaming company CrowdStar is teaming up with the incubator which it was spawned from, YouWeb, to launch a $10 million venture fund, called the StarFund. The fund will make investments in promising mobile game developers.Game developers can apply to receive up to $250,000 in initial funding to develop their mobile games, if they are selected as part of StarFund. CrowdStar, which just raised $23 million](Intel, Time Warner And The9 Make $23M Strategic Investment In Social Gaming Company CrowdStar | TechCrunch) in new funding, will also offer marketing, international distribution, and analytics resources to teams those games show promise.
