Business Daily Media

Men's Weekly

.

CLOSING THE GENDER INVESTMENT GAP



An Andrews Labor Government backed investment fund for women-led startups is celebrating one-year helping local entreprenuers unlocking millions in capital.

Minister for Innovation, Medical Research and the Digital Economy Jaala Pulford joined LaunchVic and the recipients of the Alice Anderson Fund overnight to celebrate its achievements so far and drive forward its goal of backing 60 women-led startups by 2024.

Since launching in July 2021, the Fund has supported 11 women-led startups unlock more than $12.5 million of capital, delivered close to $2.5 million in direct investments and helped to attract a further $10 million from private investors.

Named after the founder of Australia’s first all-women motor garage in the 1920s, LaunchVic’s $10 million Alice Anderson Fund co-invests between $50,000 and $300,000 in early-stage startups founded and led by Victorian women.

A recent investment supported by the Alice Anderson Fund includes Telecare, a HealthTech company co-founded by Lina Xu which recently closed a $2.2 million seed funding round led by Australian Medical Angels.

Telecare is building Australia’s largest virtual clinic and has already delivered more than 40,000 virtual medical consultations.

Another co-investment from the Fund has helped biochemist and beauty entrepreneur Natassia Nicolao launch Conserving Beauty Australia's first waterless beauty brand, now stocked at major cosmetic retailers.

Victoria’s startup industry is growing rapidly, more than doubling in value in the past year to $23.6 billion.

Supporting Victorian startups by increasing competitiveness and attracting national and international investors is a strategic priority, highlighted in the Labor Government’s Innovation Statement released in November 2021.

For more information about the Alice Anderson Fund, visit launchvic.org/alice-anderson-fund.

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

THE FINE LINE WITHIN HILARIOUS SIGNAGE DESIGN FAILS

It seems like design failures still occur in today’s modern branding era, despite rigorous rounds of approvals behind the scenes. One signage show...

Deputy Announces Exclusive Global Partnership with Predelo to Bring AI to Shift-Based Businesses

Deputy, the global people platform for shift-based businesses, has announced an exclusive partnership with Predelo, an AI Decision Agent-as-a-Serv...

Leftover Budget? The Last-Minute EOFY Tip to Drive Business Success in FY25/26

The countdown is on. With just days left until EOFY, now’s the time to make your remaining 2024–2025 budget work harder and smarter. After workin...

pay.com.au appoints new CEO and Managing Director

The former COO will lead the company’s next growth phase, with ex-CEO Edward Alder transitioning into the role of Managing Director AUSTRALIA, 25...

Sell by LayBy