MEDL Mobile initially released the App Incubator as a web based application but apparently, there is now a version that can be used for the iPhone. Using this new app, anyone with a concept for a mobile application can submit the idea directly to MEDL Mobile — anytime, anywhere.

As previously announced, the company has committed $2.5 million to the development of said applications across multiple mobile devices, such as the iPhone, Blackberry and Android.

Each submission to the App Incubator is rated according to five criteria — Originality, Functionality, Simplicity, Revenue Potential and Fun. Apps that pass MEDL’s scoring criteria go into development. All development and marketing costs are funded by MEDL Mobile and 25% of any profits go back to the originator of the idea. With some applications earning thousands and even tens of thousands of dollars a day, the App Incubator will allow people with great ideas for mobile applications to profit from their creativity.

MEDL Mobile also develops custom applications for third parties, advertising agencies and consumer brands.

(Source) Press

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