Alice Anderson Fund

The Alice Anderson Fund is a $10 million sidecar fund by LaunchVic, aimed at supporting women-led startups in Victoria, Australia. Named after Alice Anderson, the founder of Australia's first all-woman motor garage in the 1920s, the fund co-invests between $50,000 and $300,000 in early-stage deals. It operates on a 3:1 co-investment ratio, meaning for every dollar invested by the fund, private investors must contribute three dollars. The fund takes a passive investor role, allowing private investors and founders to negotiate terms. It provides 85% of the investment as equity and 15% as a non-dilutive grant, minimizing dilution for women founders. The fund also offers portfolio support, global connections, and advice for navigating government networks. Applications are open to local and international investors with promising women-led startups.