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Dec 09, 2019 2020-04-08 7:40Robust Theme
Join the National Cohort of the Investment Ready Program
Wherever you're based in Australia, this cohort is just for you!
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$50K Investment Opportunity with Scalare Partners
One TRW Investment Ready Program participant will receive $50,000 in cash and support services from Scalare Partners to help scale their business.
This investment includes at least $25K in cash plus $25K in support services and access to Scalare’s investor and founder network. Terms will be agreed upon with the selected founder, and investment is expected to close within 60 days of program completion.
This is an exciting chance to accelerate your startup with funding and expert backing!
Find out more in our FAQs.
Apply Here
PROGRAM FEE
Your Investment
Be one of just 20 participants in our next TRW Investment Ready Program and take your startup to the next level! For $1,259/month(*), you'll gain access to expert-led workshops, hands-on mentoring, and a powerful network of investors and successful founders: all designed to get you investment-ready and positioned for growth. Plus, as a participant, you'll have the exclusive opportunity to be considered for a $50K investment from Scalare Partners. Apply before 8 March 2025 to get a 10% discount: $1,133.10/month! (*) Program total cost of $6,295 (incl. GST) with option to be paid in installments. See more details in our FAQs.
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HAVING QUESTIONS ABOUT THE PROGRAM?
Get them answered at our Webinar and Q&A. Join us!
YOUR PROGRAM CALENDAR
What does the program look like?
Q&A, Monthly Group Check-In, Monthly 1:1 Advisory
HEAR FROM OUR ALUMNI
Lynda Coker | Co-founder of Co-operty
Hear from Lynda Coker, a TRW Investment Ready Program Alumna, and co-founder of Co-operty, a platform helping Aussies tackle the housing crisis through secure and simple co-ownership.
Nicole Graham | Founder of Kinba
Nicole Graham is founder of Kinba and alumna of the TRW Investment Ready Program. Nicole’s journey in tech, startups, and financial literacy is nothing short of inspiring, and she’s gearing up for an exciting market launch!
Have a look at our FAQs
1. Applications
Who is this program for?
The TRW Investment Ready Program is for female founders across Australia with an innovation driven enterprise looking to access capital.
To be eligible for this program, businesses will have:
- A scalable solution, that solves a problem for one or multiple customer groups;
- First customers and/or revenue; and
- A company structure, or in the process of undertaking company registration.
This industry-agnostic program covers various stages of startup growth and embraces founder diversity.
We welcome female founders from underserved communities including women who are diverse, based in regional communities, CALD, Women of Colour, Aboriginal and Torres Strait Islander People and/or returning to work.
We recognise and acknowledge the intersection of race and gender identities. Our program is offered to marginalised genders including women, women-identifying individuals, and non-binary and gender non-conforming people who are comfortable in a community space that centres on the education, mentoring and business support of women in the startup ecosystem.
What stage should my startup be at?
The TRW Investment Ready Program is ideal for startups in the startup stage (product-market-fit), growth stage (growing revenue) or expansion stage (massive scaling).
For startups in the initial stages of the journey, we recommend applying or expressing your interest for the TRW Female Founder Startup Program.
What is the application process?
Head to our website and register your details. Then, you will receive an email with your application form. Via this application form, we will gather information about your startup business and stage to learn more about you and how this program can help you. You will also be required to provide your pitch deck; this doesn’t have to be flawless, that’s what our program will help you achieve. Cover the basics in your pitch deck: Problem, Customer, Solution, Market, Team, and Your Ask.
Once we have received your application you will be notified if you have been shortlisted by the date specified on our website (within 5 business days after your application).
The shortlisted applicants will be notified via email and/or phone.
When do applications close?
Application close dates are advised on the website and included in the application email.
What's the judging criteria?
Criteria for judging are based on the following:
- You self-identify as a woman or you are a non-binary and gender non-conforming individual who is comfortable in a community space that centres on the education, mentoring and business support of women in the startup ecosystem;
- You have founded and lead an innovation driven enterprise;
- Your startup business has a scalable solution, that solves a problem for one or multiple customer groups;
- Your startup business has proven traction by first users/customers and/or revenue growth;
- Your startup business has a company structure, or is in the process of undertaking company registration;
- Your business is at the startup, growth or expansion stage;
- You are looking to access capital funding to grow or scale your business.
The judging panel considers the criteria outlined before along with the additional information provided by the applicant via the application form to determine whether the application is successful. This assessment is performed case by case.
How do you choose the participants?
We will spend time reviewing each application before deciding on the final participants to ensure those selected will benefit the most out of the program.
Our judging panel will score each application based on the eligibility criteria listed above.
Places are limited so if your application is not successful for this round we will encourage you to reapply for the next intake. We want to see you succeed so will also refer you to other programs and communities that can support your stage of business.
Can I apply if I'm a visa holder?
YES! You can apply if you're a visa holder.
Is my application/startup idea kept confidential when I apply??
Yes, we will not disclose your application details to any unauthorised parties or sources. We ensure confidentiality of the information with the data that you provide to us via the application form.
If you are concerned about your startup idea IP, you don't need to share with us anything you wouldn't share in a public forum.
Can I apply with my business partner?
Yes, you can! If your business partner or co-founder identifies as a woman or is a non-binary and gender non-conforming individual, then she can participate in the program with you. When applying, please mention the details of your business partner/co-founder in the correspondent question.
2. Cost
What's the cost of this program?
The total cost of the program is $6,295 (incl. GST), that is $1,259/month which will give you access to expert-led workshops, hands-on mentoring, and a powerful network of investors and successful founders.
Apply before 8 March 2025 to get a 10% discount: $5,665.50 (equivalent to $1,133.10/month)
You can pay in installments. If you don't have an account, create one here.
Are payment plans available?
We have two payment plans available:
With 10% discount (for applications before and on 8 March):
- 5x monthly instalments of $ 1,133.10 = $5,665.50
- 20x weekly instalments of $283.28 = $5,665.50
For the full amount (applications after 8 March):
- 5x monthly instalments of $1,259 = $6,295
- 20x weekly instalments of $314.75 = $6,295
Can I claim the cost of the fee on tax?
If a company purchases the course, that company can claim the GST. The course is tax-deductible, however please seek advice from your accountant.
How can we help reduce the program cost?
If your application is successful but the program cost is inaccessible for you, we can share assets for you to reach out to organisations, local councils, employer or other organisations that can support you to cover the total or part of the program cost.
3. Program
When does the program start?
The next program starts on the week of 29 April 2025!
If the start or end date is moved, we will update communications and let you know as soon as possible.
What is included in the 5-month program?
The program has two parts:
- First Part: Intensive 6 weeks of weekly modules and workshops.
- Second Part: 4 months of ongoing support based on monthly advisory sessions and monthly check-ins.
During the first part of the program, you will get access to:
- Hybrid Orientation Night: Begin the program with an in-person event , connecting with fellow founders and the TRW team. This event will also be livestreamed for those who cannot attend in person.
- Online Modules & Activities: Engage in immersive learning and practical activities designed to prepare your startup to access and leverage a range of capital opportunities.
- Weekly Workshops: These are an opportunity for you to meet a guest speaker who will dive into the topic of the week with the chance to ask your burning questions.
- Small-Group and One-on-one Mentoring Sessions: Receive the guidance you need in small-group or one-on-one settings where you will get a chance to ask questions, receive feedback and connect with other founders of your cohort.
- Due Diligence Support: Learn how to build your data room, with access to templates and examples, to present the key information investors want to see.
During the second part of the program, you will get access to:
- Monthly 1:1 Advisory Sessions: Receive feedback on your capital raising strategy, deck and documents in one-on-one advisory sessions. You will be allocated to an advisor who will walk alongside you during the next 4 months of the program to make sure you're on the right track.
- Investor Introductions: Access warm introductions to investors who are committed to supporting women-led startups.
- Monthly Founder Check-ins: Connect with the TRW team and a guest speaker once a month to continue leveraging your learning process.
Is the program held online?
Yes, the program is held online.
The only in-person meet-up will be for Orientation Night which is a session that marks the start of the program.
How much time do I need to commit during the program?
The first six weeks will require more time than most due to the online modules and mentoring sessions. We recommend you set aside 3-5 hours per week.
After the first six weeks, your time commitment will be based on the capital raising strategy you have adopted. In any case, we have one-hour monthly check-ins and one-hour 1:1 advisory sessions.
How are the mentoring sessions going to be held?
During the first 6 weeks of the program, you will get access to weekly Mentoring sessions. Mentoring sessions are held in small groups and one-on-one.
The small-group sessions are for 4 founders for a total of 60 minutes with one of your mentors/experts. These sessions are a great opportunity for founders to ask questions about the weekly content and address any immediate barriers, as well as connect with other founders in small settings.
You will also have access to one-on-one mentoring sessions which will be held to address financial projections, valuations and areas that are confidential in nature.
How are the advisory sessions going to be held?
After the first 6 weeks of the program, you will get access to monthly Advisory sessions. You will be allocated to an Advisor to guide you throughout the next 4 months of the program to help you implement your capital raising strategy. This is a great chance to keep yourself accountable, and ask any questions as well as get connections/warm introductions to investors.
Advisory sessions are one-on-one for a total of 60 minutes.
Who are the mentors and experts who will participate in the program?
All of our mentors are either current investors and/or have raised startup capital. They understand the barriers women face and have direct experience in the capital raising process.
4. Investment Opportunity
Who are Scalare Partners?
Scalare Partners exists to empower visionary technology founders to transform their ideas into the great businesses of tomorrow.
As a dynamic force in the tech start-up landscape, Scalare goes beyond traditional roles, taking a hands-on approach to guide and support talented founders with scale-up services, products, expert advice and investment as they build their early-stage businesses.
Find out more about Scalare Partners via their website.
What's the criteria to choose the participant to get the investment opportunity with Scalare?
Scalare Partners Pty Ltd make investment decisions based on the following:
- Problem has been validated
- Unique value and how the solution is different to other solutions in the market
- Recurring revenue
- Roadmap and understanding of what is needed to scale
- Product is defensible and cannot be replicated in 6 months with AI
- Founder and Team experience
During the second stage of the program, the Tech Ready Women Program Lead will share the business updated data with investors including Scalare Partners, who will choose one participant based on their own criteria.
What's the commitment from Scalare Partners?
Scalare Partners has committed to make an investment of $50k into the business of one of the program participants following the completion of the program.
The investment will consist of cash and support services and is designed to give the incredible benefits of having Scalare and its supportive community of founders, investors and advisors alongside you to help take your business to the next level.
The investment terms will be agreed between the founder and Scalare and will be subject to due diligence and industry standard investment paperwork requirements. The minimum cash component of the investment will be $25k, plus $25k in services, and we would expect to close the investment within 60 days of the program finishing.
If the founder is unable to agree terms with Scalare, they are not obligated to take any investment from Scalare