TLDR:
- Queensland Investment Corporation (QIC) is backing women to break into venture capital through the 77 Venture Fellows initiative.
- The initiative aims to mentor 10 women to an associate level over three months, with funding from QIC-managed Queensland Venture Capital Development Fund (QVCDF).
Queensland is making strides to address the gender gap in venture capital with the launch of the 77 Venture Fellows initiative. This program, supported by QIC, aims to mentor 10 women to an associate level in the VC industry over a three-month period. Currently, only one in four members of early-stage VC investment teams in Queensland are women, highlighting the need for initiatives like this to create opportunities for everyone.
The 77 Venture Fellows initiative is inspired by UC Berkeley Haas Venture Fellows and will provide active VC development, partner-level mentorship, and insights into early-stage VC firms. Applications for women to apply for the fellowship are open until August 7, showcasing Queensland’s commitment to increasing female representation in the venture capital industry.
Overall, this initiative demonstrates Queensland’s dedication to closing the gender gap in venture capital and creating a more diverse and inclusive ecosystem for all participants.
