Some similar organisations:

MegaMobile - http://www.mega.org.au/

I think it's free, it offers a fully-mentored program to the members.
But it's a nice effort to help projects, basically for free.

EO - http://www.eonetwork.org/

I don't know much about it, but a few people I know are members, I
think it's not free, but there are events and general networking,
probably other things.

The vision I have for this group is to sit somewhere between them; to
be a group that helps develop innovative companies via a competitive
loan every month, rewards its members with "things" (as yet to be
decided, networking doesn't seem enough), helps them learn (if they
want) via programs, and is done in a volunteer fashion by people from
the community.

The main goal of the organisation, as I see it, isn't strictly to make
direct money for the people paying the membership fee. If you want to
do that, it seems that just setting up a typical investment firm and
(as someone else said) publishing a prospectus and going for it is the
way to go.

The main goal should be the development of new and innovative
companies within our community. This will help the community
generally. When the loan to the group is paid back, something could be
done with it, like a party, or similar.

--
silky

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