A group of Australian tech investors and entrepreneur have formed a new seed fund that will offer a Y Combinator-style incubator model, with small early stage investment and up-close mentoring to Australian startups.
Startmate will hold its first program in the first quarter of 2011, and the application process will begin in October Startmate plans a three month program with five selected startups and will offer a $25,000 investment, mentorship from a long list of successful founders, and a two-week trip to Silicon Valley. There will be two demo days at the end of the program - one in Sydney and one in Silicon Valley, where participants will present in front of early stage investors.
To read the full, original article click on this link: Startmate Announces an Incubator Program for Australian Startups
Author: Audrey Watters
