MocoSpace Launches $1M Mobile Game Developer Fund

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Mobile social network MocoSpace is launching a $1 million HTML5 Mobile Game Developer Fund to accelerate the development of games played on smartphone browsers.

MocoSpace develops a web-based social network that counts over 16 million users and three billion page views per month. While the network, which launched in 2006, was previously only mobile web-based and prided itself on its users mainly being non-techies who don’t own an iPhone, Android or BlackBerry device, the site has evolved into smartphone apps as well. The company just raised funding to expand into mobile social gaming as well, specifically for developing browser-based mobile social games.

MocoSpace’s two in-house social games, Street Wars and Stage Hero, have a combined total of over 700,000 monthly active users, average session times of over 4 minutes and players averaging nearly 2.5 sessions per day. The company is currently working with a number of game studios, and expects to launch its first 3rd party titles this spring.

Interested developers are invited to submit existing games and game proposals and those selected will receive cash and marketing support to develop and promote their titles on the MocoSpace Games Platform.

MocoSpace recently made waves when it announced its “intent” to purchase torubled social network MySpace from News Corp. MocoSpace CEO Justin Siegel said that MySpace would probably sell for between $50 million and $200 million.

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