COVID-19: Find information and support for business on our coronavirus page.
×

If you are a new applicant or existing grantee and have been impacted by COVID-19 or a natural disaster, please contact your Customer Service Manager or one of the agents at our Contact Centre to discuss your circumstances and how we can assist you.

You can find more information and support on our Emergency management page.

Boosting Female Founders Initiative – Round 1


The Boosting Female Founders Initiative – Round 1 provides female founders of startup businesses with funding to launch and scale their businesses into domestic and global markets. It will help female entrepreneurs overcome the disadvantages they face in getting access to finance and support, to grow their startups. Targeted support will be on a co-contribution basis.

Closed

What do you get?

Grants between $25,000 and $480,000 for female founded startups to expand into domestic and global businesses.

Who is this for?

Female founded (majority owned and led by women) startups who wish to launch and scale their business into new domestic and global markets.

Overview


The Boosting Female Founders Initiative (the program) will run over three years from 2020-21 to 2022-23. The program is part of the Women's Economic Security Package, which helps to support more Australian women into work and supports Australia's international obligations under the Convention on the Elimination of all forms of Discrimination against Women (CEDAW). The program will provide targeted support on a co-contribution basis to female founders of startup businesses (startups) to launch and scale their businesses into domestic and global markets.

The Australian Government has announced a total of $18 million. For this round, $6 million is available.

The objectives of the program are to:

  • stimulate private sector investments into innovative startups led by women
  • help female entrepreneurs overcome the disadvantages they face 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.

The intended outcomes of the program are:

  • increased number of startups founded by women
  • new products and services are brought to market by startups founded by women
  • increased financial investment in startups founded by women
  • women improve their earning potential through entrepreneurship
  • increased job creation and economic growth.

The grants will be available on a co-contribution basis, in two tiers as follows:

Tier one - $25,000 to $100,000 ($140,000 if you meet additional requirements)

Tier two - $100,001 to $400,000 ($480,000 if you meet additional requirements)

The grant amount will be up to 50 per cent of eligible project costs - unless you can meet additional requirements (see the grant opportunity guidelines for further information).

You are responsible for the remaining eligible project expenditure plus any ineligible expenditure. Contributions to your project must be cash. You may seek contributions from private investors and industry partners.

The grant opportunity will be delivered through a two-stage competitive selection process due to the expected high demand for this program. You will first apply for an EOI. If successful, you will be invited to submit a Stage Two grant application.

Eligibility


What are the eligibility criteria?

To be eligible you must:

  • be a female founded (majority owned and led by women) startup
  • have an Australian Business Number (ABN)
  • be registered for the Goods and Services Tax (GST)
  • be one of the following entities:
    • an entity incorporated in Australia
    • an incorporated trustee on behalf of a trust
    • an Aboriginal and Torres Strait Islander Corporation registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (Cth)
    • a partnership
    • a sole trader.

In addition, we can only accept applications where you can:

  • show evidence that your startup is a female founded (majority owned and led by women), see section 14 of the grant opportunity guidelines for further information on the definition of a female founded business
  • provide evidence to support your source of funding (e.g. letter from contributor/s confirming funding amount) (Stage Two applications only)
  • provide evidence from your board (or chief executive officer or equivalent if there is no board) that the project is supported, and that you can complete the project and meet the costs of the project not covered by grant funding (e.g. ineligible expenditure see Appendix B of the grant opportunity guidelines) (Stage Two applications only)

Applying


How do you apply?

The Boosting Female Founders Initiative is currently closed to applications.

Need help?

  • Contact us for help with your application or to find out more.

  • Monday – Friday, 8am – 8pm across Australia

Key documents


Grant opportunity guidelines

Sample application form Round 1 Expression of Interest (stage 1)

Sample application form Round 1 stage 2

Letter template confirmation of disability

Frequently asked questions

Sample grant agreement

Senior management support template

Contribution evidence letter (for all cash - co contributions one per contributor)