On the announcement of SurePact successfully delivering its first milestone report of the Boosting Female Founders Grant, Federal Member for Dickson, Peter Dutton reached out to Founder and CEO Megan Avard to congratulate SurePact on its efforts.
“Congratulations to SurePact! This is a good news story not just for our community but also the many Local Government organisations and community organisations who will benefit from the SurePact product with better compliance, asset tracking and overall grant management,” Minister Dutton said.
The Boosting Female Founders Grant is a $54 million initiative that helps scale and grow startups that are majority-owned and led by Australian women. The grant aims to inspire innovation and female entrepreneurship in Australia by providing matched funding grants of up to $480,000 to help these businesses scale into national and international markets.
“Encouraging entrepreneurship is crucial for growing the economy, particularly as more of us spend time online and businesses become more digitally focussed,” Minister Dutton said.
“The Boosting Female Founders Grant is providing women with opportunities to turn great ideas into a reality.”
Since SurePact’s win in 2020, the Boosting Female Founders Grant has allowed the team to target a gap in the market for a Grant Management Platform to support Government funding bodies and funding recipients in the administration, tracking, transparency and reporting of grant programs.
“This Grant gives businesses like SurePact an opportunity to chase big goals, turn ideas into concepts and concepts into products,” Minister Dutton said. “It provides much needed capital, helping businesses grow, increase revenue, turnover and capability.”
By supporting Grants like the Boosting Female Founders Grant, the Government hopes to greater the options for female founders.
“Grants such as these make it easier for women to participate in the workforce, own businesses, create jobs and increase their economic security,” Minister Dutton said.
“This is a key focus of the Government’s, and this Grant program is a practical way to make this happen.
“I wish SurePact all the best for the roll-out of this project and can’t wait to see what you come up with next.”
The Grant Management Platform prototype is currently in the design stage and is expected to commercialise in September 2022.