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Sydney accelerator BlueChilli has unveiled a $1 million early-stage startup fund to back the most promising female founders in Australia.

The fund will support participants in the SheStarts accelerator, which has just opened its applications to find 10 female founders for the inaugural program.

SheStarts director Nicola Hazell says BlueChilli has been supported by the likes of ANZ, MYOB and SunSuper to establish the fund.

Image: http://www.startupsmart.com.au