500 Startups has launched a $250,000 platform micro-fund that focuses on investing in promising startups powered by CrowdFlower’s Cloud Labor platform.
Founded in 2007 and based in San Francisco, CA, CrowdFlower provides Labor-on-Demand to help companies with many types of high-volume, repetitive tasks to a massively distributed global workforce.
Via the CrowdFlower Fund, 500 Startups will offer investments of $10,000 in up to 10 companies for a one percent stake.
In addition, one or more of these companies may be selected for a $50,000 investment and invitation to participate in an accelerator program (which will be announced soon) at the 500 Startups space in Mountain View, Calif.
Interested companies should apply online at http://500startups.com/crowdflowerfund beginning Monday, October 4, 2010. Investment decisions will be made on a rolling basis thereafter.