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December 8, 2011 07:22 pm GMT

Amazon Launches $6M Fund To Boost Kindle Direct Publishing, Lending Library

kdpselectAmazon this morning announced that it has set up a $6 million annual fund dedicated to independent authors and publishers. Dubbed KDP Select, the fund aims to let indie authors and publishers "make money in a whole new way".Here's how it works: if a KDP author or publisher chooses to make any of their books exclusive to the Kindle Store for at least 90 days, those books are eligible to be included in the Kindle Owners Lending Library and can earn a share of the KDP Select fund.

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