Copy: The Female Founders Co Investment Fund: Everything You Need to Know
Securing initial capital remains a significant hurdle for female-led organisations in Australia.
Recent reporting from the State of Australia’s Startup Funding reinforced this disparity, showing that from a $4 billion funding pool, only 2% was allocated to businesses founded entirely by women, 15% went to ventures with at least one female founder, while a staggering 70% was directed toward male-founded startups.
This is why initiatives like the Female Founders Co Investment fund provided by the Queensland Government have been introduced to reduce the support gap that female innovators often face.
In this article, we break down the Co Investment structure and what you need to know before applying. We also cover some features that can help increase the strength of your application.
-
-
- What is the Female Founders Co Investment Fund?
- Program funding available
- How can I secure the Female Founders Fund
- Co-investment breakdown
- Timings and deadlines
- Uses of funding
- Expenditure not covered by funding
- What is the closing date for applications?
- Application status
-
1. What is the Female Founders Co Investment Fund?
The Female Founders Co-Investment Fund was launched to support female-led, innovation-driven businesses in Queensland that are raising early-stage capital. The goal is to increase the volume and quality of private investment flowing to women-founded businesses with high-growth potential.
The program offers matched grant funding to support qualifying capital raises.
2. Program funding available
The Female Founders Co-Investment Fund QLD is open to businesses looking at securing early investment. This grant has a threshold of $50,000 minimum to a maximum grant of $200,000 (1:3 matched with private investment).