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I went on this trip last year, it was fantastic. This year's apllications are open now. Happy to answer any questions relating to the trip, Queensland tech scene, what we thought of the Valley, or anything else.
What was the outcome for the companies involved?

To save people the time this is the tl/dr:

The 20 participants selected to take part will receive: - Return airfares from Brisbane to San Francisco - Ten nights accommodation in San Francisco - Participation in all events

To be eligible to apply you must be: - Aged 18 to 25 - A Queensland resident - A capable programmer - Willing to share your experiences with the wider community upon return.

It was a bunch of individuals, not companies, that went along. A few of us were at startups too, but most of the people who went along were students.

Outcomes - one guy from the trip is now in Paris at the NUMA accelerator, a few people got jobs at local startups, a few got more corporate jobs, some are still studying, some are still doing their startups, and some I haven't seen since we got back. Queensland's a big place so it's hard to get everyone in the same room.

Sounds nauseating. As an introvert, I can't comprehend how people have the energy for this. (At a significant disadvantage to my own startup, I admit.)