The Department of Industry, Science, Energy and Resources is now accepting Expressions of Interest (EOIs) for Round One of the Boosting Female Founders (BFF) Initiative.
The BFF Initiative (or program) aims to help female founders to access early stage capital to grow their startups in national and international markets.
The program will provide grants between $25,000 and $400,000 on a co-contribution basis to successful applicants. It will run over three years from 2020–21 to 2022–23, with $6 million available for Round One.
Eligible EOIs will be accepted until 14 April 2020 5pm AEST.
Who can apply?
All eligible female startup founders are encouraged to apply, including those from underrepresented groups, such as founders:
- in regional or remote areas of Australia
- who have a disability
- of Indigenous businesses
- who are first generation migrants and/or refugees.
The startup must be at least 50 per cent women owned (equity or shares) and at least 50 per cent of the founding team or senior managers must be women.
A startup is an early stage, innovative or disruptive business that is working on a new or novel product, service or has a different business model. The startup must be scalable — able to grow quickly and has the potential to address large national and international markets.
The full eligibility criteria and application process can be found at business.gov.au/BFF