Hot stamping technologies require new methods for evaluating formability of sheet metal under various forming conditions. Biaxial tensile testing method using a cruciform specimen has been used for the applications, but a suitable cruciform specimen design has not yet been accepted. One of the challenges in designing a specimen for formability tests is to ensure proportional equi-biaxial strain paths arise at the location of fracture initiation. In this study, after reviewing existing cruciform specimen designs, three different geometries of cruciform specimen, named Type I, Type II and Type III, were proposed. Using numerical analysis and practical experiments, fracture initiation locations and corresponding strain paths in the specimens were investigated under equi-biaxial tension. Numerical simulations were performed to optimise the dimensions of Type I specimen to achieve a relatively high strain level near the centre point of the specimen. Based on the optimised dimensions, equi-biaxial tensile tests were carried out on cruciform specimens with different geometries, and strain paths at the fracture initiation locations were compared and analysed. It was found that in all cruciform specimens, equi-biaxial strain state appears only near the centre point. In the Type I and Type II specimens, fracture never initiates near the centre point, but at a location in the fillet transition zone where major strain is higher than that at the centre point. The Type III specimens have the ability to initiate fracture near the centre point, and to produce proportional strain paths with strain ratio β close to 1 in equi-biaxial tension, 0 in plane-strain tension, and -0.5 in uniaxial tension at the locations of fracture initiation. The research provides a cruciform specimen design, Type III, which has high potential to be used for evaluating formability for sheet metal.