The Alice Anderson Fund

In 2019, 104 Victorian startups received Angel or VC investment*. Just 19 had a woman founder.

LaunchVic is correcting the early-stage landscape with the $10 million Alice Anderson Fund, an angel sidecar fund that co-invests in women-led startups with private sector investors.

How can I access the fund as a Founder?

Investors apply on a founder's behalf for this opportunity, so we recommend engaging with an angel network or VC firm to access the fund. You can find a full list of investors over at findingstartups.launchvic.org.

How do I know if I am eligible?

Once you have an active relationship with an investor, they can apply on your behalf if:

  • Your startup is 50 per cent owned by at least one woman, prior to any investment.

OR

  • Your startup has a 30 per cent ownership stake by women, including one woman in an executive role – such as Chief Executive Officer or Chief Technology Officer, and if you have a Board, it must have representation of at least 30 per cent women.

Your startup must not be involved in any of the following:

  • Tobacco or tobacco-related products;
  • Cluster munitions and other controversial weapons;
  • Thermal coal;
  • Gambling;
  • Logging of old growth forests;
  • Uranium;
  • Unregulated animal testing;
  • Live cattle and/or sheep exports; or
  • Fracking.

And, finally, your startup must have at least 50% of its assets and employees located in Victoria and meet LaunchVic's definition of a startup. For full details on eligibility criteria, please review our application guidelines here and our FAQs here.

Our investment is structured so that only 85c in the dollar is taken as equity, and the rest will be given as a non-dilutive grant to the startup.

Investors can apply here.

Ready to take your startup to the next level?

Here's a list of opportunities open to early-stage founders to help you develop your product, hone your business model and connect with investors.

Pre Accelerator Programs

Accelerator Programs

Contact Us

If you have a question regarding The Alice Anderson Fund, please contact investments@launchvic.org.

*Source: findingstartups.launchvic.org