Startmate ready to pour more money into eight startups

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[1] Australian-based seed fund Startmate’s 2016 program are now officially open for applications.

[2] Startmate will be choosing eight startups to receive an initial amount of $50,000 worth of investments in exchange for 7.5% equity from the mentors.

[3] At the end of the program, the organization of mentors will then vote on which startups will have newly raised funds worth $100,000 or a $2 million valuation.

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[Source] Australian Information Technology News – Startmate ready to pour more money into eight startups