Female Founders Co-Investment Fund - 2024 Round 1

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This is a preview of the Co-Investment Fund Application Form 2024 form. When you’re ready to apply, click Fill Out Now to begin.
 

Eligibility Checklist - Applicant Organisation and Investment Entity

* indicates a required field.

Important Information for Applicants

⚠️ Before completing this Application Form you are required to:

  • read and ensure that you understand the Guidelines 
  • complete the checklist below to ensure you meet the eligibility criteria.

IMPORTANT:

The Female Founders Co-investment Fund is close to being fully allocated.

Applications submitted from this point will be considered on a first-come, first-considered basis, and not all applications may be assessed or approved for funding.

Once all available funding has been committed, no further applications will be considered and the program will close.

 

Applicant Organisation Eligibility

At the time of application submission:

Is the applicant organisation headquartered in Queensland (operating and having its head office located in Queensland)? * Required
Does the applicant organisation have an ABN? * Required
Is the applicant organisation registered for GST? * Required
Does the applicant organisation and/or related parties have 50 or less Full Time Equivalent employees? * Required
If the applicant organisation is a subsidiary of a group, the group must have 50 or less Full Time Equivalent employees.
Has the applicant organisation received investment through previous capital raises totalling more than $500,000? * Required

For the purpose of this program, a female founded business (applicant organisation) is one in which at least six months prior to application, is majority female owned and is also female led - or if the business is newly founded (less than six months) that this criteria has been met since first being founded.  

Majority female owned means at least 51% of shares must be held by a woman/women. 

Female led means at least one primary executive decision-making position must be held by a women (eg Chief Executive Officer, Chief Financial Officer, Chief Technology Officer, Chief Scientific Officer).

Is the applicant organisation majority female owned? * Required
Is the applicant organisation female led? * Required

Investment Method Eligibility

To be eligible for this program, the applicant organisation must, at the time of application:

  • be planning to secure and finalise their capital raise within six months (180 calendar days) of receiving provisional approval from the Fund, OR
  • have secured an offer of investment, from a new eligible investment entity within the previous three months (90 calendar days) and will aim to secure and finalise their capital raise within six months (180 calendar days) of receiving provisional approval from the Fund.

The applicant organisation must be undertaking its raise using an eligible investment method, being:

  • issuance of new shares;
  • issuance of new convertible notes that cannot be redeemed within the first 12 months; and/or
  • entering of a new SAFE (Simple Agreement for Future Equity).
Based on the above does your investment method meet the eligibility requirements? * Required

Investment Entity Eligibility

To be eligible for this program, the applicant organisation must be seeking to enter an investment arrangement with an eligible investment entity that:

  • is not an existing shareholder or investor with the applicant organisation prior to the current raise,
  • has an active ABN (unless operating as a trust or international party),
  • is not an associate or related party to the applicant organisation (Associate is defined under ITAA 1936 s318.),
  • meets the minimum fiduciary requirements of being a sophisticated investor (as set out in the Corporations Act 2001) (For the purposes of this program, the definition of a sophisticated investor can be found on the ATO website), OR holds a current AFS License, OR is a practicing investment organisation, including, but not limited to:
    • an Angel Investor/Group/Network/Syndicate
    • Venture Capital fund
    • Professional investor or Investment Fund Manager
    • Early-Stage Venture Capital Limited Partnerships (ESVCLP) or Venture Capital Limited Partnership
    • Managed Investment Scheme or Management Investment Trust
    • a Family Office
  • has an established track record of early-stage venture investments.
Based on the above does your investment entity meet the eligibility requirements? * Required