The Victorian government has invested another $1.8 million into Startmate to fund a Victorian-specific accelerator program, four years after the venture capital-backed accelerator expanded to Melbourne.
The investment coincides with Startmate going out to the market to raise two new funds, both aimed at increasing the diversity in the entrepreneur and investor ecosystems.
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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com