The Bay Partners venture capital firm has created a new fund devoted to developers of applications for use with Facebook, reports TechCrunch.

The AppFactory program is designed to make it easy for developers to access a small amount of cash with vitesse. Bay said the decision process will be trimmed to days instead of weeks.

The move by Bay is based on the belief the Facebook represents the central hub of a new ecomony.

Bay will be making up to 50 investments of $25,000 to $250,000 through the AppFactory program. Terms are negotiable, though, as Bay wants to ease the process as much as possible.