The Fund For Female Founders Co-Investment is aims at supporting eligible innovation driven enterprises (IDEs) founded and led by women to secure new early-stage investment through a capital raise, and will to grow innovative businesses across a wide range of industries,
ELIGIBILITY CRITERIA
To be eligible for funding, organisations must:
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- 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 a woman/women (at least six months before application)
- female led: have at least one primary executive decision-making position held by a woman (at least six months before application) e.g. Chief Executive Officer, Chief Operating Officer, Chief Technology Officer
- 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.
- The organisation should also:
- have an investment plan to approach new eligible investment entities within the next six months OR have already secured an offer of investment from an eligible investment entity
- have a clear innovation focus
- have a product/service beyond proof of concept
- have an established business plan covering the next 12 months
- have a clear runway and growth plan for 12 months
- plan to use the funding to scale their business.
DEADLINE: 25 November 2024
APPLY NOW; For more information, visit Queensland Government.
