Boosting Female Founders

boosting female founders

The Federal Government is committed to increasing women’s participation in the workforce by delivering the Women’s Economic Security Package. The package includes the Boosting Female Founders Initiative – a program that will provide targeted funding and support for women engaging in innovative entrepreneurship from 2020.

The $18 million program – providing $6 million in grants over three years will help startups founded by women access early stage capital and overcome barriers needed to get their ideas off the ground and go global. The program will ensure the entrepreneurial needs of diverse groups are served, including women entrepreneurs in regional areas and Indigenous founders who can face greater difficulty due to the density of start-up activity in urban centres. By increasing the gender diversity of founders, the Government will strengthen the performance of Australia’s start-up and innovation ecosystems over the long-term.

boosting female founders

On Tuesday 24 September the Darwin Innovation Hub held a public consultation to discuss challenges and barriers faced by startups led by women; how the Government can support female founded startups to leverage funding and support from investors and considerations the Government should take when determining grant guidelines, including program criteria and detailed design (eligibility, funding, activities, outcomes and evaluation).

To find out more about Boosting female founders, please visit https://www.industry.gov.au/news-media/boosting-female-founders-have-your-say