StartMate applications are open!
Sydney’s new incubator (like Y-combinator) has just opened the applications. This is your chance to get some seed funding, but more importantly to be mentored by some of the best entrepreneurs in Sydney. If I wasn’t one of the mentors, I’d probably apply to this program myself. Anyway, time to get your applications in: http://www.startmate.com.au/application-process
So what is StartMate exactly?
Startmate is a group of startup executives offering mentorship and seed financing to founders of Internet and Software businesses based in Australia. Our first program is in the first quarter of 2011 in Sydney and applications will open later this year.
We want to help the most exceptional technically-focused founders create world class companies that solve customer problems.
The three month program offers a $25,000 investment, mentorship from more than 20 successful founders, sage legal counsel and a two week trip to Silicon Valley. At the conclusion of the program there are two demo days, one in Sydney and one in Silicon Valley, where you present in front of early stage investors.
We strongly believe in lean startup principles. The biggest risk in a startup is not whether someone will steal your idea or if you can build a product but rather that no one will care. Startmate is designed to help you win your first customers and work through the initial stages of customer discovery.
Personally I’m excited about the final selection process. Instead of some pitches and interviews, the plan is to run a camp like the StartupCamp I ran last weekend to really figure out how the teams work when the stress is on.