In 2006 the Australian Bureau of Statistics (ABS) estimated that there were around 7,000 self-employed indigenous Australians who operate their own small business. This was around 6% of the total population of indigenous Australians and compares to the non-indigenous community where around 17% of the population own and operate a small business.
The development of indigenous owned enterprises is important as they employ indigenous people and also offer significant opportunities for the fostering of economic self-determination. Aboriginal business owners provide their communities with positive role models and serve as mentors for future indigenous entrepreneurs.
According a government report produced for the Closing the Gap Clearinghouse issued in 2014, research suggest that services that provide financial and business advice and ongoing support is a key factor in making indigenous businesses successful.
Consequently, the Bizify's Indigenous and Minority Business Sponsorship aims to support the growth of startups amongst the indigenous and minority communities. It is an award offered to indigenous and culturally diverse students currently enrolled in Business Accounting and/or Computer Science tertiary education courses and are interested. The scholarship is designed to help indigenous and culturally diverse students who are passionate about making a difference in the startup world to further their skill, gain priceless industry knowledge and promote their work.
To apply, you will need to provide the following
AUD $1,000 grant to be used as capital for your business startup or assist you to understand the problem you are trying to solve or further your education.
AUD $1,000 in value of professional advice on how to start and grow your business startup.
AUD $1,000 in value of business/ company registration costs to kick start your business startup.
AUD $1,000 in value of marketing and/or IT/website costs to develop your business startup.
Your idea prominently featured in a Press Release and through the Bizify website and social media profiles.
Including your full name, gender and date of birth.
Name of your tertiary institution, the degree and majors.
Including your mobile number, email and postal address.
See the details under "The Challenge"
Content Marketing Editor