NSW springboard provides equity funding for female entrepreneurs

18 May 2012

NSW's female entrepreneurs will be able to get more help connecting with global investors and industry experts following the launch of a new not-for-profit equity funding program this month.

NSW Trade & Investment Executive Director for Investment & Export Services Kylie Hargreaves said the establishment of Springboard Enterprises in Sydney was a great addition to the already vibrant and exciting entrepreneurial ecosystem in NSW.

"Entrepreneurs, irrespective of gender, thrive on the connections and collaboration fostered by organisations such as Springboard Enterprises," Ms Hargreaves said.

"And importantly, Springboard's focus on female entrepreneurs helps to address the under-representation of women in this high-growth eco-system.

"Women account for around a third of all small business owners in NSW and often play a dynamic role as partners in many family businesses throughout the State.

"Springboard's hugely successful program has already helped launch women into business around the world creating thousands of jobs and generating more than $4 billion US in annual revenue since it began."

Sydney Lord Mayor Clover Moore said Sydney has a long tradition of entrepreneurial woman making a contribution.

"It's why the City of Sydney is a strong supporter of the Springboard program," she said.

"As the global economy shifts and we confront new challenges such as sustainability, we need to foster creativity and develop and extend our entrepreneurial talents."

Chairman of Springboard Enterprises in Australia Wendy Simpson said Australian women entrepreneurs barely get five per cent of the nation's growth capital. 

"Springboard Enterprises is being launched in Sydney so we can build a strong eco-system to equip women to build great businesses," Ms Simpson said. 

"Our mission is to create and facilitate powerful local and global networks so Australian women entrepreneurs can prosper."

Ms Hargreaves said it was important to create more opportunities for women in business.

"NSW Trade & Investment is also an active supporter of the Women in Global Business (WIGB) program run collaboratively by Federal, State and Territory Governments," she said.

"Through our participation in this national program NSW Trade & Investment is supporting more female entrepreneurs to connect, collaborate and compete internationally"