New YouWeb Company iSwifter Will Stream Flash Games Onto the iPhone

CrowdStar chairman Peter Relan’s incubator, YouWeb, is looking for the magic formula in mobile gaming. Its latest attempt to find that formula is called iSwifter, a company that bears a lot of resemblance to the streaming game services Gaikai and OnLive.

YouWeb’s most recently launched company before iSwifter is Sibblingz, which wants to do cross-platform development between web and mobile games. ISwifter aims shortcut that process by streaming Flash games from the web. Essentially, it will stream an interactive video of the game to the user.

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