BlackBerry Fund Goes Small, Launches $250K Funding Plan

Earlier this year RIM (NSDQ: RIMM) and Thomson Reuters (NASDAQ: TRIN) launched a $150 million BlackBerry Partners Fund to invest in mobile apps for the BlackBerry platform and other mobile platforms. And now the fund, which hasn’t announced any investments yet, has gone small a la Facebook fBFund, despite earlier pronouncements of staying in the larger rounds range. It has launched “Jump Start Financing” initiative, which provides entrepreneurs with capital infusions of up to $250,000, in the form of a convertible debenture. The idea is meant to help bring smaller apps to market faster. And then, it is about market reality as well: