More info on the Facebook fund, and here's a link to a Web 2.0 Biz Plan Generator.
How does an individual or company apply?
Initially, you can mail your business plan to email@example.com. In coming weeks, we will set up an online submission process. Submissions are being accepted immediately.
What will be the criteria for selection?
We want to see the most innovative and ambitious proposals for building a business on Facebook Platform.
How long will it take to hear back from the fund?
The goal is to get a response to the applicant within 30 days of receipt.
My Facebook Biz Plan Idea? A Facebook app that reviews biz plan terminology and selects the best biz plans based on a set of buzzwords in the media. Written with Silverlight.
"My business plan will allow the Halo 3 beta community to watch jerry falwell and melinda doolittle as they discuss kim kardashian and her preakness towards shrek the third. :) "
Speaking of which, Silverlight doesn't seem to solve the issue that Flash has around optimizing content for Google and other search engines, though you could write keywords to an html wrapper outside of a Silverlight app with a bit of work.