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Female Founders Co-Investment Fund

Apply before: November 25, 2024

The Female Founders Co-Investment Fund aims to support eligible innovation driven enterprises (IDEs) founded and led by women to secure new early-stage investment through a capital raise and support Queensland female founders to grow innovative businesses across a wide range of industries.

21 Skills That Every Startup Founder Should Have

Eligibility

To be eligible for funding, organisations must:

  • be a business headquartered in Queensland (operating and having its head office located in Queensland)
  • have an active ABN and be registered for GST
  • be majority female owned: have at least 51% of shares held by a woman/women (at least six months before application)
  • female led: have at least one primary executive decision-making position held by a woman (at least six months before application) e.g. Chief Executive Officer, Chief Operating Officer, Chief Technology Officer
  • 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 totalling more than $500,000.

The organisation should also:

  • have an investment plan to approach new eligible investment entities within the next six months OR have already secured an offer of investment from an eligible investment entity
  • have a clear innovation focus
  • have a product/service beyond proof of concept
  • have an established business plan covering the next 12 months
  • have a clear runway and growth plan for 12 months
  • plan to use the funding to scale their business.

Benefits

Grants from $50,000 to $200,000 are matched at a 1:3 ratio for a raise round led by an eligible investment entity.

Application process

Click here to apply.

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