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 will:
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support Queensland-based female founders to close early-stage investment rounds leveraging Government backing,
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support Queensland female founders to grow innovative businesses across a wide range of industries,
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increase the number of female founders participating in the Queensland innovation ecosystem, and
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help to grow an investment pipeline for female founded businesses.
The fund is best suited for businesses planning to use the sale of shares through a new capital raise and who understand the responsibilities and legal requirements of equity funding.
The Fund provides grants from $50,000 to $200,000 matched at a 1:3 ratio for a raise round led by an eligible investment entity. The organisation must secure a minimum of $150,000 in external investment to be eligible to receive a minimum of $50,000 in grant funding.
Submissions close at 11:00AM 25 November 2024 (AEST).
