There is good news for Australian start-ups looking for investment and guidance, as start-up incubators are opening new rounds of applications for their funding intake and mentorship programs. These investors provide internet companies seed capital, mentorship, connections, opportunities for Australian web start-ups, usually for a minority stake, and even pitch for top-tier venture capitalists and angel investors.
AngelCube, a Melbourne-based micro VC fund, has invited applications for its funding program for this year; and Sydney-based Startmate – a group of start-up executives who offer mentorship and seed financing – has eight companies in its current program which goes through to the end of April. Advance, a not-for-profit organization, headquartered in New York City, supported by the Australian Government, with its 50 for the Future Advance Innovation Program offers a program bringing together entrepreneurs, investors, researchers, and innovators in an effort to create a bridge between Australia and Silicon Valley.
AngelCube recently announced a new round of funding commencing on April 10th where up to eight start-ups will be chosen to participate. The company claimed that two of their teams from 2011, one of which was Goodfil.ms, had successfully gone on to increase its seed capital. Each start-up that joined AngelCube will receive $20,000 seed capital, six months free office space at Inspire9, an intensive three month program, travel opportunities, pitch opportunities and mentorship from tech entrepreneurs and investors.
To read the full, original article click on this link: Aussie start-up incubators need fresh meat | Delimiter
