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At the Start-up Weekend Melbourne, Australian entrepreneurs will have the opportunity to pitch their business ideas before a panel of venture capitalists and incubators which are looking for the next big thing. The winning startup idea will win $5,000, mentoring support and a chance to enter a $15,000, three-month incubator program.
Earlier this week, Australian company Dealised, which peddles group-buying platforms, pocketed a cool $5 million in funding from global big-wig SingTel Innov8 and Perth-based venture capital firm Yuuwa Capital LP to assist with its development and international expansion. We've said it before and we'll say it again: In the event of a gold rush, don't start digging. Start selling shovels!