Mentor-driven seed fund Startmate has unveiled the participants of its 2012 program, investing in eight tech start-ups that it says are aiming to be \u201cthe best in the world.\u201d<\/p>\n
<\/span><\/p>\n <\/p>\n The start-up accelerator, now in its second year, has boosted its intake from the five ventures that were chosen in 2011. Applications were also up, with 164 start-up putting their names forward, compared to 86 last year.<\/p>\n <\/p>\n The eight start-ups, which will each receive $25,000 in funding for a 7.5% stake, are:<\/p>\n The eight start-ups have already taken up residence in Sydney\u2019s Australian Technology Park and will be intensively mentored by Startmate\u2019s panel of experts, including Atlassian co-founder Mike Cannon-Brookes, Pollenizer chief Mick Liubinskas and Dean McEvoy, CEO of Spreets.<\/p>\n <\/p>\n The ventures will then take part in four \u2018demo days\u2019, where they will be exposed to investors in Sydney, Melbourne, Silicon Valley and New York.<\/p>\n <\/p>\n\n