Melbourne startup ecosystem set to get a $10 million cash injection

[1] Melbourne’s first startup accelerator, AngelCube, has been acquired by Sydney-based corporate accelerator Slingshot.

[2] In addition, Slingshot has announced their plans of  investing $10 million into the local ecosystem.

[3] Slingshot starts operating through AngelCube’s existing networks and mentors, with no less than 3 programs in Melbourne, with $150,000 investments for each startup.

[Source] Australian Information Technology News – Melbourne startup ecosystem set to get a $10 million cash injection