Female Founders Co-Investment Fund
Funding Providers
Advance Queensland
Location
QLDFunding Type
Cash grant G12717
Primary Category
Business and industryEligible to
- Businesses
Funding
Amount : $50,000 to $200,000Round(s)
Ongoing
Purpose
The Female Founders Co-Investment Fund is a pilot program which aims to support eligible businesses to leverage funding and secure new investment to build business capacity.
Overview
The Fund will:
- support Queensland female founders across a wide range of industries to grow their innovative businesses.
- assist Queensland female founders to grow their innovative businesses across a wide range of industries
- increase the number of female founders participating in the Queensland innovation ecosystem.
- help to grow an investment pipeline for female founded businesses.
Funding
The Fund provides grants from $50,000 to $200,000 (excluding GST) to Queensland based female founded businesses securing new investment. The grant will be matched with a 3:1 ratio (i.e. $1 in grant funding for every $3 of secured investment) awarded over a period of 12 months, for either a single investment or a raise round led by an eligible investment entity.
Limitations
Eligibility
To be eligible to apply, the applicant organisation must:
- be a Queensland based business
- have an ABN and be registered for GST
- be a 100% female-founded business
- have more than 50% female ownership
- 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 in total
- 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 currently undertaking eligible pre-seed or seed investment from an approved eligible investor.
Applications / Guidelines
Contact Details
We take pride in ensuring our data is up to date and accurate, but you should not rely on our data alone. Please double-check important information on the funder's website before applying.