From the Australian Government: Department of Industry, Innovation and Science:
We are developing the Boosting Female Founders Initiative. The program will contribute to removing barriers for women’s economic participation in the workforce by providing access to finance for startups led by women.
We want to hear from stakeholders in the startup and innovation ecosystem about how we should design the program, including criteria to target our investment into female founders, with emphasis on those that experience greater barriers to access capital. We recognise that applying a one-size-fits-all set of criteria to determine eligibility to programs or support may not account for important differences.
Why We Are Consulting
We want your input to design a program that supports diversity among founders by encouraging the participation of female founders with businesses experiencing barriers. There are a range of barriers to accessing finance, markets or talent that disadvantage early stage startups and impact their potential for success. For example:
- Limited or no funding opportunities. Accessing capital can be very difficult and often women only raise half the capital compared to startups founded by men. Even when finance is available to women, the terms offered on credit can be less favourable.
- Less capital. Women often start a businesses with less capital, which has ramifications for business growth and scalability
- Absence of support and professional networks (e.g. business coaches, mentors and role models). In general, women lack the same strength in professional networks as men, which makes it harder when starting a business.
- Lack of visibility. Women are less likely to know someone who is an entrepreneur and therefore are less likely to become one themselves.
- Unconscious gender bias. Some investors prefer entrepreneurial pitches presented by men even when the content is the same and pose different questions to women.
We encourage you to provide answers to the discussion questions in the survey below and any additional feedback to support program design. This information will assist us to design a program that gets the best outcomes for female founders.
Focus groups are scheduled for the following locations.
Details of the online webinar to be listed once confirmed.
- [FULL] 24 September 2019, Brisbane – The Precinct – Book with Eventbrite
- 25 September 2019, Rockhampton – Smart Hub Incubator – Book with Eventbrite
- 26 September 2019, Townsville – Townsville City Council – Book with Eventbrite
Click here for original transcript – https://consult.industry.gov.au/science-commercialisation/bff-design/