Female Founders Co-Investment Fund

This Program supports women-founded and led, innovation-driven enterprises undertaking a capital raise.

The Program objectives are to:

• support Queensland-based female founders to close early-stage investment rounds leveraging Government backing
• support Queensland-based female founders to grow 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.

Grants range between $50,000 and $200,000

Matched at a 1:3 ratio. To qualify for a minimum grant of $50,000 the organisation must secure at least $150,000 in external investment

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 women (at least six months before application)
• be female led: have at least one primary executive decision-making position held by a woman, e.g. Chief Executive Officer, Chief Operating Officer, Chief Technology Officer (at least six months before application)
• 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
• be engaging in or planning to engage in an early-stage capital raise from a new eligible investment entity or entities.

Applications close when funds are fully allocated.