Deadline: 22-Apr-21
The Commonwealth of Australia has announced the 2nd Round of Boosting Female Founders Initiative to help female entrepreneurs overcome the disadvantages faced in getting access to finance and support to grow their startups. Targeted support will be on a co-contribution basis.
The program will provide targeted support on a co-contribution basis to female founders of startup businesses (startups) to scale into domestic and global markets. The program will also provide expert mentoring and advice to meritorious applicants. The Australian Government has announced a total of $52.2 million in grant funding for this program.
The objectives of the program are to:
- stimulate private sector investments into innovative startups led by women
- help women entrepreneurs overcome the disadvantages faced in getting access to finance and support to grow their startups
- enable female founders to scale-up, expand into domestic and global markets, and become self-sufficient
- boost the economy through increasing the diversity of startup founders.
Funding Information
- Grants between $25,000 and $480,000 for female founded startups to expand into domestic and global markets.
- The maximum project period is 24 months.
- You must complete your project by 30 April 2024.
Eligibility Criteria
To be eligible you must:
- be a female founded (majority owned and led by women) startup
- have an Australian Business Number (ABN) and
- be one of the following entities:
- an entity incorporated in Australia
- a partnership
- a sole trader.
For more information, visit https://business.gov.au/grants-and-programs/boosting-female-founders