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Female Founders Co-Investment Fund

About the program

The Female Founders Co-Investment Fund is a pilot fund that aims to support eligible businesses to leverage funding and secure new investment to build business capacity, and will:

  • help Queensland female founders access Government funding,
  • support Queensland female founders across a wide range of industries to grow innovative businesses,
  • increase the number of female founders participating in the Queensland innovation ecosystem, and
  • help to grow an investment pipeline for female founded businesses.

The female founder should:

  • have a letter of support from the lead investment entity,
  • have an established business plan,
  • have a clear runway and growth plan for 12 months,
  • have a clear innovation focus,
  • be undertaking a new pre-seed or seed raise/investment, and
  • plan to use the funding to scale their business.

Funding and support

The Fund provides grants from $50,000 to $200,000 matched at a 3:1 ratio over a period of 12 months, for either a single investment or a raise round led by an eligible investment entity.

Eligibility

To be eligible for funding, organisations must at the time of application:

  • be a Queensland based business
  • have an ABN and be registered for GST
  • be a 100% female-founded business (as at the point of incorporation)
  • have more than 50% female ownership (at the time of application) 
  • have no more than 50 full-time-equivalent employees
  • not be a subsidiary of a group of companies that has more than 50 full-time-equivalent employees
  • not have received investment through previous capital raises, grant funding or accelerators totalling more than $500,000
  • not be a current or past recipient of the Ignite Ideas Fund
  • be undertaking pre-seed or seed eligible investment from an approved eligible investor.

To find out more or to apply, visit the link below.

FIND OUT MORE FIND OUT MORE


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