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.
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- 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
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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).
FAQ
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What is the R&D Tax Incentive?
The R&D Tax Incentive (R&DTI) is an Australian Government program that offers tax offsets to eligible businesses conducting research and development activities. Its objective is to encourage innovation and increase competitiveness by reducing the overall cost of R&D activities. This financial support frees up capital for further innovation and growth, enhancing the ability to undertake larger or more complex R&D projects and increasing the competitive edge in the market.
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Who is eligible for the R&DTI?
Any company incorporated in Australia that is conducting eligible Research and Development activities can apply for the R&D Tax Incentive (R&DTI). Eligibility criteria includes spending at least $20,000 on R&D and ensuring the activities meet the definition of core or supporting R&D activities as outlined by the program.
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How much can I claim through the R&DTI?
The claimable amount through the R&D Tax Incentive depends on the turnover of your business. Small businesses with an aggregated turnover of less than $20 million can claim a refundable tax offset of up to 43.5% on eligible R&D expenditure. Larger businesses can request a non-refundable tax offset of 38.5%. You can submit applications for eligible R&D activities conducted in the previous income year, but it’s crucial to maintain accurate records and documentation to support your submissions.
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What are considered eligible R&D activities?
Eligible Research and Development activities involve experimental processes aimed at generating new knowledge or improving existing products, processes, or services. These activities require investigation and a level of innovation. Core activities directly contribute to new advancements, while supporting activities assist and enhance the core R&D efforts.
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How does FundFindrs help with the R&DTI application?
FundFindrs provides end-to-end support for your R&DTI application. Our experienced consultants handle everything from identifying eligible activities to preparing and submitting the application.
Our no-win, no-fee policy means we only charge for our services if your R&DTI application is successful. This ensures that we are as invested in your success as you are. Contact us through this page and schedule a FREE consultation to maximise your R&D tax incentive claim.
