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Startmate launched not that long ago - I'm out of the Aus scene these days, so not sure how it's going. I reckon you need the mentors more than the millions - and indeed, if you could get the mentors then the money would likely follow from somewhere.

I'm off to Birmingham for a weekend at the end of this month. I shall now delight in knowing that it's the size of ... Brisbane.

Yeah they have done their first round of companies. A friend did it and it seems they got a fair bit out of it. Only time shall tell if it was truly worth it for them or not.

http://www.startmate.com.au/

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