Grant applications are now open for the Boosting Female Founders Initiative; an program intended to help female entrepreneurs overcome the disadvantages faced in getting access to finance and support to grow their start-ups and create local jobs.
The program provides targeted support on a co-contribution basis to female founders of start-ups to scale into domestic and global markets. The program also provides expert mentoring and advice to applicants. Grants of between $25,000 and $480,000 are available for female founded start-ups (majority owned and led by women) on a co-contribution basis with an estimated $11.6 million in grant funding available from the Australian Government.
The objectives of the program are to:
- stimulate private sector investments into innovative start-ups led by women
- help women entrepreneurs overcome the disadvantages faced in getting access to finance and support to grow their start-ups
- enable female founders to scale-up, expand into domestic and global markets, and become self-sufficient
- boost the economy through increasing the diversity of start-up founders.
For more information and applications, go to the Australian Government's Business website.
Applications close on 22 April 2021.