Applications for investment from Victoria’s $10 million Alice Anderson Fund are now open for women-led startups

Female entrepreneurs have the chance to score up to $300,000 in early-stage funding from the Victorian government for their startup ,with applications for the new $10 million Alice Anderson Fund now open.

The fund, led by LaunchVic, is designed to address a chronic shortage of equity investment in startups founded by women.

LaunchVic CEO Dr Kate Cornick said: “this Fund is part of LaunchVic’s mission to catalyse early-stage investment and create more successful startups and high-value jobs.”

The Alice Anderson Fund will co-invest $10 million in early-stage capital over three years as sidecar investment fund. The Victorian government will co-invest between $50,000 and $300,000 into between 40 and 60 startups led by women.

With each $1 of government funding being matched by 3x of private investment, the Fund could unlock up to $40 million in early-stage funding for female founders.

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