This Weeks Startup Roundup!

- April 27, 2012 2 MIN READ


Will Melbourne be the home of the next big thing in tech?

Melbourne-based startup accelerator AngelCube have revealed their new class for 2012 overnight.

The industries, which the eight new startups operate include fitness, fashion, gifting, gaming, antiquing and social media. This is AngelCubes second accelerator class since launching last year.

The startups will undergo an intensive training and mentoring program over the next 13 weeks, ending in a series of demo days pitching to investors both here in Australia and the US. Program participants will also receive over $100 000  worth of perks from Angel Cube partners such as Amazon, Paypal, Microsoft and RackSpace.


The world’s first crowd funded baby!

The world’s first crowd-sourced baby was born this week over in the US. Proud parents Sean and Jessica Haley welcomed baby Landon into the world after posting their story on crowdfunding site IndieGogo just 11 months ago. The site, traditionally used to raise  funds for startups and art projects was used to raise money for IVF treatments for the couple. Since starting IndieGogo, the platofrm has helped raise money for 70,000 projects and a donation is made on the site every 55 seconds.


Square is taking over the payment solution space

Payment  system startup Square released a number of new statistics today, revealing they are now processing in excess of $5 billion with it’s mobile payment system. Payment volumes are up 25% from last month and for all payments processed before 5pm, Square makes those funds available in your merchant bank account the next day. Square is still only US based but is planning their expansion soon, which is great news for small business in Australia.


Google founder invests in “Galactic Gas Station”

Google creator Larry Page and chairman Eric Schmidt are among a group of investors backing a new startup that plans to mine asteroids for trillions of dollars of precious metals. The startup based in Seattle plans to launch a telescopic space surveyor into earth’s low orbit in the next two years to identify potential metal and water rich asteroids and begin prospecting within the next four years. Within a decade it plans to develop galactic “gas stations” that will use hydrogen and oxygen in asteroid water to refuel spacecraft, including satellites.