Facebook has launched FB Fund, a $10 million fund from Founders Fund and Accel Partners that will help fund developers and startups apps that work with Facebook, according to CEO Mark Zuckerberg, speaking at the TechCrunch40 conference today, reports Barron’s. Facebook is not putting in cash in the fund, but Zuckerberg will be on the advisory board. Others include Peter Thiel of Founders Fund, Jim Bryer of Accel, LinkedIn’s Reid Hoffman, Stanford Professor Rajeev Motwanti and First Round Capital’s Josh Koppelman. Grants will be between $25k and $250k, and these will not be equity investments.

This follows Google (NSDQ: GOOG) launching a ”Google Gadget Ventures” program in June, where it will fund third-party widget/gadget developers who develop apps for its iGoogle personalized homepage service. Also, Bay Partners recently created a new funding program, AppFactory, for Facebook Platform developers.