Background

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.

The Challenge

To apply, you will need to provide the following

  • Your Business/Startup Idea.
  • A detailed description of the real-life problem which you are trying to solve and how your idea solves it.
  • A completed business model generation canvas (see http://www.businessmodelgeneration.com/)
  • What action you've taken to start the business.

Terms and Conditions

  • All applicants must be enrolled full-time in an accredited Australian tertiary education institution.
  • The scholarship is open to bachelor or master level students studying business, accounting.
  • Applicants needs to either be indigenous or ethnic minority.
  • Application Period: 31 March to 30 June 2016.
  • Award winner will be notified in writing on or before 31 July 2016.
  • Applicants must have the intention to start the business within the following 9 month.

Recipients of scholarship will receive...

  • 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.

How to appply

To apply for the scholarship, email the following
to scholarship@bizify.com.au

  • Personal Details

    Personal Details

    Including your full name, gender and date of birth.

  • Study

    Study

    Name of your tertiary institution, the degree and majors.

  • Contact Details

    Contact Details

    Including your mobile number, email and postal address.

  • Challenge Details

    Challenge Details

    See the details under "The Challenge"

Scholarship commitee

Meet the members of The Bizify Startup Future Scholarship Committee who will judge all entries submitted compliant with the above terms. Their decision on the winning submission will be final.

  • Carlos Parra

    Carlos Parra

    Content Marketing Editor

  • Umar Batchelor

    Umar Batchelor

    Founding Director

  • Jennifer Pagalan

    Jennifer Pagalan

    Customer Advocate