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The $52.2 million Boosting Female Founders scheme is facing fresh setbacks, with the federal government telling nearly 700 applicants not to expect updates before June — an eight-month delay to the program’s initial time frame.
The Boosting Female Founders grant program, launched in 2020 under the Morrison government, promises female-founded startups up to $480,000 in co-contributions to help them scale their enterprise.
It was designed to help “women entrepreneurs overcome the disadvantages faced in getting access to finance,” an online portal says, reflecting the barriers facing female founders and the tendency for investors to channel their capital towards Australia’s male founders.
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