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.