Lisa Ring and Family Scholarships 2023

Applications are closed for the Lisa Ring and Family Scholarships for 2023!

The 2023 Lisa Ring and Family Scholarships, offer two six month bursaries to ambitious new founders looking to develop their knowledge and grow their new venture.

The Lisa Ring and Family Scholarships are designed to offer seed funding, coaching and support to new business founders in the very early stages of their business journey.

About the Scholarships

Lisa Ring and Family are passionate and committed to supporting new entrepreneurs and enabling their growth. In 2022 the first Lisa Ring and Family Scholarships were awarded following a generous donation from the family, which will allow for the scholarships to continue over the next four years. 

Often the available seed funding and support across the startup ecosystem tends to be aimed at more established and fast-growing startups. The Lisa Ring and Family Scholarships provide support for founders who have a great business idea, yet are still in the early stages of building their new business.

The scholarships are designed to help you advance your business to the next stage in your journey and give you confidence for future success.

The Scholarships program

 The two scholarships available include:

  • 6-months tailored mentoring and coaching program
  • 6-months of StartSpace Loft membership and
  • $10,000 of seed funding for your business

Watch this short video featuring Aun Ngo from StartSpace to learn more about the scholarships and some tips for applying.

Applications and eligibility

Applications for the 2023 scholarships closed 11.59pm Sunday 30 October 2022. 

All Victorian based early stage founders, age 18+, who are working on their new venture and able to commit to a scholarships program from January – June 2023 are eligible to apply for the scholarships.

Applications from Aboriginal and Torres Strait Islander people, people from culturally diverse backgrounds, LGBTIQ+ people, and people of all ages 18 and above and all abilities are welcomed.

To be eligible to apply for the 2023 scholarships you must be able to enter into a scholarship agreement no later than 2 December 2022, and commit to the scholarship program period of January to June 2023.

For more information on eligibility visit our FAQs or see full Terms and Conditions here.

Application criteria

A key part of the application is to submit a pitch proposal in either slides (pdf) or video format to tell us about your new business.

When assessing the applications, the selection panel will focus on the following criteria (% weighting in brackets):

Market & problem (20%)

Tell us about your specific target audience and the problem you are solving for them.
Can you show how well you know the audience and problem you are trying to solve?

Solution (20%)

Explain how your offering, service, or product solves this problem.
Can you show how your solution addresses the market & problem e.g. how your product or service is market fit?

Fit (20%)

Describe how you are particularly setup for success to deliver your solution.
Why are you best placed to deliver on this idea e.g. lived experience, networks, knowledge?

Traction (10%)

Demonstrate to us what have you achieved so far.
What evidence can you show of plans and progress you have made even at this early stage.

Impact (30%)

How would this scholarship and investment change the runway of your business?
How much of a difference would this make to what you are trying to achieve?

For more information on applications visit our FAQs or see full Terms and Conditions here.

Other key information

  • The following individuals and/or organisations are ineligible to apply for the Lisa Ring and Family Scholarships for 2023:
    • Founders of established businesses or startups deemed too advanced and no-longer early stage.
      To determine early stage we are guided by the definitions in :
  • The scholarships will be awarded to individuals – though there will be options provided to have co-founders or team members (up to 3) of the scholarship winners join the scholar in the StartSpace Loft coworking space.
  • StartSpace does not take any stake in the business in exchange for the seed funding; equity remains with the founder.

If you have any questions or seek more information please contact the StartSpace team: [email protected]. We also recommend you read the FAQs and Terms and Conditions provided.