Social media's largest network shows new support for budding startups via a new project named FbStart.

At the F8 Developer Cconference held in April, Facebook announced the launch of the social media network's latest venture FbStart.

The project, aimed at startups all over the world equips up-and-coming entrepreneurs with all the tools and services they need to get their idea off the ground in an effort to help their mobile apps grow and become financially viable, for no cost at all. The package is worth up to $5,000 and includes access to many app-related programs such as Adobe Creative Cloud, Hootsuite social media monitoring tool and the proto.io prototyping tool. And it will also give the lucky participants free services from companies working in product testing, recruiting, customer care, video conferencing, and document management. The team behind the program have also promised to throw in promotional Facebook ad credit for new spenders, which is actually a wise move on their part as it will bring the consumer back to their site.

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