Morrison Government provides funding boost for female entrepreneurs

·

The Morrison Government is encouraging female entrepreneurs in Reid to take advantage of funding to build their business and create local jobs under the Boosting Female Founders Initiative.

Member for Reid, Dr Fiona Martin MP, said a total of $11.6 million is on offer under the second round of the initiative, while also expanding the program to offer expert mentoring and advice for eligible candidates. 

“As a former small businesswoman, I understand the struggles of starting your own business.” Dr Martin said.

“I encourage female entrepreneurs with great start-up concepts in Reid to apply for funding under the successful Boosting Female Founders Initiative.

“Through this initiative we’re helping Aussie female-founded businesses launch their great ideas not only here, but on the global stage.”

Minister for Industry, Science and Technology, Karen Andrews, said it was fitting that applications for round two of the in-demand initiative are opening on International Women’s Day.

“Female entrepreneurs are underrepresented in our innovation and technology sectors, often because they face greater obstacles in getting early-stage finance,” Minister Andrews said.

“The first round of the Boosting Female Founders Initiative saw more than 50 female-founded and led businesses share in nearly $12 million to scale up, create new jobs and take on new markets.”

The Boosting Female Founders Initiative provides grants of between $25,000 and $400,000 to Australian start-up businesses that are majority owned and led by women.

The Initiative was announced as part of the 2018 Women’s Economic Security Statement, and expanded under the 2020 Women’s Economic Security Statement.

In total, it will provide $52.2 million of competitive grant funding plus $1.8 million in mentoring services from 2020–2021 to 2024–25.

Applications for the current funding round will be open until 22 April 2021, and can be submitted at business.gov.au/bff.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

From Metallica to Maritime: The many lives of Greek shipping tycoon Harry Vafias

Though Greek shipping tycoon, Harry Vafias, spends much time working, it certainly isn't a case of 'all work and no play.’

‘I want them to know their word matters’: Peter Georgiou stands against gender violence

Peter Georgiou, a real estate agent from Rushcutters Bay and father of four-year-old twins Leila and Lola, believes change begins at home.

Thessaloniki’s Byzantine walls to shine with new light project

Thessaloniki’s iconic Byzantine Walls are set to be illuminated under a major cultural initiative announced by the Greek Ministry of Culture.

Greek World Heritage Cities face rising climate threats

Iconic Greek cities—Athens, Thessaloniki, Corfu, Rhodes, and Patmos—face serious climate threats, according to a new UNESCO-backed report.

Are apps like Duolingo enough to learn Greek, or do we need a tutor?

For many people who want to learn conversational Greek, an app, can be a very useful addition to your program.

You May Also Like

Connie Kalathas reflects on her breast cancer battle and not knowing if she’d survive

“I didn’t know if I'd survive. That was my biggest fear," Connie Kalathas tells The Greek Herald as she shares her breast cancer battle.

The unknown Australian fighters of the Battle of Vevi in Florina

Ilias Karagiannis looks at the Battle of Vevi in Florina and the significance that the unknown Australian fighters had at the time.

Mary Coustas breaks comedy mould with first non-comedy role in over a decade

Mary Coustas, known for her comedic roles, is stepping outside her usual genre with her first serious role in 13 years.