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.
Team
Susan Oliver
Chair
Susan Oliver AM is a distinguished leader in the fields of technology, strategy, and governance. She is currently a Non-Executive Board Member at Monash Investment Holdings and serves as the Chair of the Alice Anderson Fund, a Victorian Government initiative supporting women-led start-ups. Susan co-founded CuMesh, a tech company advancing digital asset management, and has been a pivotal figure in the governance of global companies such as Transurban Group and Coffey International. Her career spans roles in technology consulting and futures strategy, including leading the Australian Government's Commission for the Future. Passionate about technology's potential for social value, she is a director at ReNu Energy and co-founded Scale Investors to empower women in tech entrepreneurship. Susan's contributions have been recognized with honors such as the Order of Australia for services to business and women. She holds a Bachelor of Property and Construction from the University of Melbourne and has furthered her expertise at Templeton College, Oxford.
