Victorian startup company LaunchVic’s ongoing help for feminine founders is continuous with a brand new grants program for organisations to run pre-accelerator applications for ladies entrepreneurs.

Grants of as much as $300,000 can be found to help applications providing girls founders with the recommendation, help and networks required to construct a minimal viable product and discover their first buyer. 

LaunchVic is already backing feminine founders financially by means of its  $10 million Alice Anderson fund. The angel sidecar fund, launched in mid-2021 co-invests between $50,000 and $300,000 in early-stage startups.

LaunchVic CEO Dr Kate Cornick stated her company’s upcoming Ecosystem Mapping Report will present a 3rd of Victorian startups now have a minimum of one lady founder, up from 20% in 2020, however that determine remains to be outpaced by the expansion of male-only corporations.

“The newest funding displays LaunchVic’s enduring dedication to constructing the pipeline of women-founded corporations and making certain a various startup ecosystem,” she stated. 

“We’re pump priming the Victorian startup sector with the following technology of girls entrepreneurs and making certain, by means of initiatives like The Alice Anderson Fund, that they obtain help at each stage of development.”

Since 2017, LaunchVic applications have upskilled greater than 11,600 budding entrepreneurs.

Ivy Nguyen, cofounder of ReciMe, a recipe discovery app billed because the “Spotify for residence cooks” is considered one of them.  She just lately accomplished LaunchVic’s CivVic Labs pre-accelerator, then went on to boost $500,000 in pre-seed funding.

“The CivVic Labs program helped us unpack the issues with cultural and well being meals accessibility,” she stated

We had been capable of apply our learnings to raised develop a product that conjures up younger folks to prepare dinner wholesome meals at residence and embrace cultural meals.”

ReciMe can also be a portfolio firm of the Alice Anderson Fund, which has now backed 21 women-led startups in 18 months. 

Functions for the grants are open to native and worldwide applications seeking to help girls in Victoria. 

Extra on the pre-accelerator grants program at launchvic.org/grants/