Facebook has just announced the 20 final winners of the latest round of fbFund, who will be invited to join a special Facebook startup incubator in downtown Palo Alto this summer. We’d previously learned about the program’s 50 finalists, each of whom was given $1,000 in advertising credit. But this is the real prize that the applicants have been shooting for. The incubator program is being called fbFund REV, and will operate in a similar fashion (at least in some senses) to programs like Y Combinator and TechStars . Twenty companies, which include two nonprofits, will take part in a program headed by Dave McClure , and will have the chance to work with Facebook engineers and a range of Silicon Valley veterans . Facebook intends to keep us posted on the startups’ progress throughout the session, and will be holding a demo day at the end of the summer to help expose the companies to investors and press.

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