With literally hundreds of attendees turning up to the first PushStart information session ever, it is clear that our startup community is about to experience some massive growth over the next two years. The Pushstart program will choose between 5 and 10 tech startups over the coming weeks out of over 100 applications to join it’s first class and be mentored from the period of March to June and get prepared for second stage funding and getting their product out to market.
The successful startups will each receive $20,000 in seed funding for an 8% equity stake within their business. Pushstart then surround you with the best mentors and connections for your business within Australia and abroad if applicable.
“One of the things we really look for is the team behind the idea, they need to be well rounded, driven and passionate, they need to be coachable and prove that they can execute on a plan,” says Kim Heras, co-founder of PushStart.
Some of the mentors that the startups will get to work with include Simon Foster, creator of ShoeBoxed, Dale Cohen from Bigpond, who was also behind the team that created ninemsn and Mike Casey who is a co-founder of successful startup GradConnection.
We are certainly looking forward to profiling the new class of 2011 and hearing about how they are going to change the world.