The Morrison Government is backing female entrepreneurs in our region with funding for an innovative new project designed to support startup businesses in our region that aspire to trade internationally.
Canvas Coworking Inc. will use an $86,450 Incubator Support grant to help establish its ‘FLAIR: Female Led Aspiring International Regional businesses’ project.
Federal Member for Groom Dr John McVeigh said the grant recognised the critical role innovative startups played in the economy, both locally and nationally, especially as we look to recover from the economic impacts of COVID-19.
“Incubators are key to the success of startups and this grant will help five female-led businesses based in our region that aspire to trade internationally. The program will offer support in person and virtually in order to overcome barriers to participation,” Dr McVeigh said.
“This program is designed in response to a lack of entrepreneurial support for regional women interested in developing businesses opportunities, particularly during the drought.
“This is an exciting concept that will make a big difference at a grassroots level and help local businesswomen take their concept to the next level.”
Dr McVeigh said these home grown startups will also deliver products and services which help traditional industry across Australia, as well as can be sold around the globe.
Canvas Coworking Inc. Community Manager Joy Taylor said over the past five years, Canvas Coworking and Startup Toowoomba have been supporting founders in the region to get started on their entrepreneurial journey, while also building a strong network of global connections.
“We are excited to bring these activities together and engage a world-class entrepreneur-in-residence to create the Flair Incubator, a wonderful opportunity for regional, female-led companies to get the support they need to create solutions for an international market.”
Since 2016, over $24.5 million in funding has been awarded under the Incubator Support Initiative, which is an element of the Government’s Entrepreneurs’ Programme.
“This latest round of funding builds on the Morrison Government’s ongoing commitment to strengthen Australian industry and create jobs in the post COVID-19 economic recovery,” Dr McVeigh said.