Victorian start-ups to get $10 million boost as Slingshot acquires AngelCube

Corporate accelerator Slingshot has acquired Melbourne start-up accelerator AngelCube and has committed $10 million in funding for Victorian start-ups.

The acquisition is part of a national expansion strategy for Slingshot, which runs accelerator programs for big businesses wanting to find a start-up to solve a problem they've identified, or build a new product that fits into their suite.