Female Founders Co-Investment Fund (Queensland)

Overview of Competition

The Female Founders Co-Investment Fund is a Queensland government initiative designed to support women-led businesses in securing early-stage investment. The fund provides grants ranging from $50,000 to $200,000, matched at a 1:3 ratio, to assist in closing investment rounds led by eligible investment entities.

The program remains open until all funds are allocated.

• Support Queensland-based female founders in closing early-stage investment rounds by leveraging government backing.
• Assist in the growth of innovative businesses across various industries.
• Increase the participation of female founders in Queensland’s innovation ecosystem.
• Develop an investment pipeline for female-founded businesses.

Fund Details

The fund provides grants that are:

• Matched at a 1:3 ratio for funding rounds led by eligible investment entities.
• Designed to support businesses in securing further investment within 180 calendar days from provisional approval.

Eligibility

To be eligible, applicants must:

• Be headquartered in Queensland with an active ABN and GST registration.
• Be majority female-owned (at least 51% of shares held by women) and female-led (at least one primary executive decision-making position held by a woman) for at least six months prior to application.
• Have no more than 50 full-time equivalent employees.
• Not have received investment exceeding $500,000 through previous capital raises.
• Be undertaking a new pre-seed or seed capital raise from an eligible investment entity.

Learn More: Visit the Advance Queensland website for detailed guidelines and application updates.