Samsung and Handmark, a mobile apps and service company, have announced the launch of a new Global Venture Fund to invest in companies or individuals with "innovative, market-changing game ideas for next generation Samsung mobile phones".

Unlike rival manufacturer's similar schemes, this time round it's just about gaming. The companies say they are "searching for games that best showcase Samsung mobile phones and the advanced features they offer".

The fund is considerable - companies or individuals selected will receive up to $250,000 each to fund the development of winning ideas.

"We know there’s a wealth of great ideas out there waiting to be discovered", said Chris Barnett, senior vice president of global sales and strategic partnerships for Handmark.

"This is a fantastic opportunity for anyone, including big brands, mobile developers or any individual with a unique, creative idea to make it a reality".

To submit a proposal or for more information, visit The deadline for entries is 20 November, 2009.