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Female Founders Co-Investment Fund

Funding Providers

Advance Queensland

Location

QLD

Funding Type

Cash grant G12717

Primary Category

Business and industry

Eligible to

  • Businesses

Funding

Amount : $50,000 to $200,000

Round(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.

Contact Details

Apply

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.