New Grants

The Female Founders Co-Investment Fund is a pilot program with grant funding of up to $200K, which aims to increase the number and value of investments flowing to Queensland-based female founded businesses.

Deadlines and Timings

Applications will remain open until all funds have been allocated.

Overview and Grant Amount

The fund will provide support for eligible businesses to leverage funding to secure new investment to build business capacity, and will:

  • support Queensland female founders to close their first professional investment round leveraging Government backing
  • assist Queensland female founders to grow their 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

The fund will provide grants to 100% female founded businesses with an innovative and/or high growth focus that secure pre-seed or seed investment from an eligible investor. Grants available are from $50,000 to $200,000 (excluding GST) and must be matched with a 3:1 ratio (i.e., $1 in grant funding for every $3 of secured investment) awarded over a period of 12 months, for either a single investment or a raise round led by an eligible investment entity.

Eligibility and Criteria

To be eligible to apply, the applicant organisation must:

  • be a Queensland-based business
  • have an ABN and be registered for GST
  • be a 100% female founded business
  • have more than 50% female ownership
  • 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, grant funding or accelerators totalling more than $500,000
  • not be a current or past recipient of the Ignite Ideas Fund
  • be currently undertaking eligible pre-seed or seed investment from an approved eligible investor

Eligible Expenditure

Female Founders Co-Investment Fund expenditure must be related to growing and/or scaling the business, including but not limited to:

  • hiring staff
  • marketing/promotion
  • securing new customers
  • expanding to new markets
  • expanding production/delivery
  • professional services

Wherever possible, the funding must be expended in Queensland, or through Queensland-based suppliers. The grants must NOT  be used for activities which include:

  • FDA/TGA or other regulatory approval costs
  • capital works and/or physical infrastructure, including any buildings, telecommunications and IT networks
  • costs associated with the production of products for sale, employee allowances, bonuses or fringe benefits
  • conference fees
  • entertainment costs
  • ongoing compliance fees and licences
  • inventory and warehousing costs
  • costs associated with securing and/or managing the grant funding (e.g., grant writers and bookkeeping costs)
  • general business operating costs, including but not limited to rent, rates, electricity, water, internet, insurance, software, accounting fees, legal fees

For more information, interested parties are encouraged to read the program guidelines and FAQ set by the funding grant. Submissions must be lodged through their online portal.

Expert Assistance

We have over 14 years of experience preparing EMDG claims and can assist in making sure you receive your maximum rebate.

Working with us means you get the maximum grant with minimum risk and effort. Our expertise includes R&D Tax Incentive registration and tax schedules, Export Grants, Capital Expenditure and Infrastructure Grants.

Get in touch with us and let’s discuss this more in detail.

For information about other Australian Government Grants, visit Treadstone New Grants page and sign up to our newsletter!

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