The 2011 PlayPhone $10m Social Power-Up fund will provide money to help companies monetarise their mobile social games launched on PlayPhone Social's platform.

US mobile device publisher PlayPhone has started a $10m quasi-corporate venturing fund for developers of social games.

The 2011 PlayPhone $10m Social Power-Up fund will provide money to help companies monetarise their mobile social games launched on PlayPhone Social’s platform.

Anders Evju, general manager of PlayPhone Social, said: "We are one of the first in mobile social gaming to offer developers a development environment with mobile browser functionality supporting iOS and Android. "We are looking to lower the barrier of…