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Earlier this month, the latest recipients of the Boosting Female Founders (BFF) grant were made public. Thirty-four women-led businesses will now share a portion of $11.6 million — a boon for their companies and efforts to diversify the sector.
However, this quiet announcement was made before all agreements had been finalised and signed. Some founders were also told they could start executing on their designated BFF projects despite the lack of signed contracts and clarity on exactly when the grant money would be paid.
What ensued was two months of uncertainty.
Delays are commonplace for Round 3 of Boosting Female Founders
The third round of the Boosting Female Founders program is one that has been plagued with delays.
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Boosting Female Founders: $11.6 million awarded to 34 businesses in Round 3 grant funding
Thirty-four female-founded businesses have been chosen to receive funding from the Boosting Female Founders Initiative after a Round 3 selection process.
“Completely useless”: Boosting Female Founders program continues to hold back startups
According to sources round three of Boosting Female Founders may be delayed until the new year. Meanwhile it has been causing problems for women-led startups.
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