With Own Incubator On Hold, Facebook Befriends Y Combinator

Facebook Inc. is partnering with incubator Y Combinator in a deal that will give start-ups that join the program a range of Facebook resources and expertise–and incentives to use Facebook’s technology.

Facebook says it will support Y Combinator companies with resources for products, technology and design, whether for new websites or Facebook applications.

Y Combinator companies will also get early access to Facebook technologies such as Facebook Credits, the virtual currency and payment service the company recently developed, and Facebook’s Instant Personalization service for third-party websites that use Facebook Connect, among other new features.

Y Combinator will publish a request for applications for its next incubator session, which will happen in Winter 2011. That program will include “social startups” that Facebook could assist.

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