Apex App Challenge FAQ

Q: Is the Apex App Challenge right for me?
A: The Apex App Challenge is designed for the individual or small business that does not have the funds to develop or promote their idea. If you have the money we suggest that you request a Custom Software quote.

Q: Why would I submit my idea and then you own it?
A: We retain ownership of the idea because we take the largest risk. We will have to invest thousands of dollars to have the application developed and promoted. The risk is that it may never make any money but if it does you will get 25% of the gross profits.

Q: What if I want my rights back to my idea if you do not choose my idea or it was rejected?
A: If your idea was not chosen for production or was rejected, you can request it back at any time. Upon request, all intellectual property and the rights thereof will be returned to you, the submitter, to use how you decide.

Q: How much money can I make?
A: You will get 25% of the gross profits your application generates from application sales through Apple’s iTunes App Store. A recent report shows that a top selling application in the iTunes App Store was earning about $10,000 a day. That means that you can get $2,500 a day if you’ve got a great idea!

Q: How old do I need to be to submit an idea?
A: You must be 18 years or older to submit your idea.