Having an iPhone will make you think of new ideas such as potential applications or games that you may want to see on your phone. But while you are waiting for that application to be developed and announced, why not take the initiative and let your creative mind go to work?

In fact, if you list down and present your concept to Internet Evolution, you may just find yourself duly rewarded. They have launched a “Submit your best idea for an iPhone application” to which the best one will win a $500 American Express gift card.

The contest will run until February 27, 2009, and ideas will be judged by members of the Internet Evolution staff.

(Source) Press