Australian accelerator Incubate announces its second intake of startups.

Incubate, the University of Sydney’s startup accelerator, has welcomed its second wave of startups.

Eight startups will share AU$40k ($35.6k) in funding, free working space, and mentoring from OneVenture’s managing director Michelle Deaker and Freelancer chief executive and GUV contributor Matt Barrie.

The incubator doesn’t take equity in the startups, and provides opportunities to showcase themselves to prospective investors, which led to AU$1m in funding for one startup in Incubate’s first wave.

Incubate co-founder James Alexander said: “We have talented students, alumni, and researchers with backgrounds in engineering, science, arts, and law. I’m excited to see how their startups develop.”

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