The Startmate accelerator offers mentoring from successful tech startup founders. Five startups are selected from a shortlist of 25 invited for interviews. Mentors invest their time, as well as their money.

Startmate also offers $75,000 cash for 7.5% equity. Startmate also offers to match the terms of the last round of funding for startups that have raised more than $200,000.

The formal part of the accelerator is a five month program. Successful applicants are able to work for free at ATP Innovations in Sydney during January, February and March. Startmate teams spend April and May in Silicon Valley to raise seed capital.

Startmate also includes two demo days, one in Sydney and one in Silicon Valley, in front of early stage investors. The demo days are designed to help teams explore capital raising options.

The key value of the Startmate program is the access to its mentor network, which includes: