August 8th, 2012
07:20 AM GMT
(CNN) – Facebook’s purchase of Instagram hasn’t closed yet, but a cottage industry of online companies is seeking success on the back of Instagram’s popularity. Websites and apps are creating new business models, technology and choices for printing the pictures you take on your mobile phone.
LA-based Instacanvas says it just raised $1.7 million in seed financing. Their website allows you to upload your Instagram photos and print on canvases or acrylic photo glass. Printing costs between $39 and $79, depending on size. And you could even make some money: Instacanvas allows you to sell your photos to other users.
Foap is a Swedish company with a business model that could give stock image companies a run for their money and create a marketplace for Instagram pros. Their free iPhone app allows anyone to upload pictures, which Foap sells for $10 and gives half the cash to the photographer. Each image sold earns the shooter $5. Foap accepts photos that have been enhanced for brightness and contrast, for example, but don’t accept photos with a heavy filter “like vintage filters and the ones that changes the photo too much,” the company says on their web site.