LEP Digital selected for Government business initiative

LEP Director, Laura Prael, has been selected to provide expert mentoring to women-owned and led startups as part of the Australian Government’s Boosting Female Founders Initiative.

What is the Boosting Female Founders Initiative?

The Boosting Female Founders Initiative helps women entrepreneurs to overcome the disadvantages faced in accessing finance and support to grow their startups. This includes women from regional and remote locations, Indigenous and migrant women, and women with a disability. The Initiative works by providing support to female-led and owned startups to scale into domestic and global markets and achieve their business objectives.

Mentors selection

The Australian Government has established a select pool of qualified and experienced mentors from around Australia to support Boosting Female Founders grant recipients. The mentoring cohort includes organisations and individuals:

  • from regional and remote locations
  • with experience assisting Indigenous or migrant owned businesses
  • with experience assisting startup founders with a disability.

Mentors have also been chosen for demonstrated skill in fostering female entrepreneurship and harnessing the full potential of their startups.

“To build a flourishing, innovative economy, we need diversity in the startup landscape. But when you look at women’s representation business, the results are discouraging,” said Laura.

According to The Women & Entrepreneurship report commissioned by Wade Institute of Entrepreneurship in 2017, on average, just 29 per cent of funded companies have at least one female co-founder. And, only 34% of companies are run by women, which has increased by just 3% in 20 years. At that rate, we’ll be waiting another 100 years to achieve a balance. However, a lack of data collected on Australian startups means that the real disparity could be worse. 

Hear from LEP Digital Director Laura Prael

“Unconscious gender bias, lack of visibility, less capital, fewer professional networks, and lower confidence are just some of the many barriers that female entrepreneurs face. I want to change that.” 

As an advocate for women, Laura has mentored and trained more than 500 women over her 15-year career. The topics she offers include brand branding, content marketing, and career development. She has supported women and young people to succeed through pro-bono mentoring and presenting roles. This includes the following organisations: The Opportunity Collective, Illuminate Education, UNSW, and The University of Newcastle. Laura is currently a presenter for TAFE NSW’s Women in Business program – a NSW Government and TAFE NSW initiative that offers a fully subsidised online program for women who are looking to establish a business, or who are already operating a business and want to scale up.

The Initiative mentoring program runs for 12 months between May 2021 and April 2022. During this time, Laura will support various female entrepreneurs on their startup journey. 

About the Boosting Female Founder Initiative

To learn more about the Initiative, please visit https://business.gov.au/grants-and-programs/boosting-female-founders

Receive insights and industry news straight to your inbox. 

CEO Clean-Up 2023 with Take 3 from the Sea | Group photo of attendees

CEO Clean-Up engages top tourism operators in fight against plastic pollution

On Friday 22 September, more than 70 prominent leaders gathered at Manly Cove Beach for the annual Take 3 CEO Clean-Up. This year’s event saw the highest industry engagement...
B&T Exclusive Jess Hickey LEP Digital | Content Marketing Agency Copywriting

B&T Opinion | How not to rebrand — the Twitter debacle

In this opinion piece Jess Hickey, Marketing and Communications Specialist at LEP Digital gives her two cents on THAT Twitter rebrand… “Was Twitter rebranding to X a dumpster fire?...
B&T-Laura-Prael | Digital Marketing Agency Central Coast LEP Digital

B&T Exclusive | Common women advertising faux pas

In this B&T exclusive interview, Laura Prael, Director at LEP Digital speaks about how brands should (and shouldn’t!) use content marketing to better reach a female audience. How have...
Learn the value of entering business awards | Central Coast Business Awards | Business NSW Awards | Digital Marketing Agency Central Coast LEP Digital

In great company: the value of business awards

Your business works hard but it may not always get the recognition it deserves. Nominating your business for an award is like giving it a red carpet moment. And...