However, there is one vital part of the Indigenous business ecosystem that remains untapped: the power of angel investment.
Angel investors are the lifeblood of a healthy start-up ecosystem. They play a crucial role in supporting founders through ‘smart money,’ including reducing barriers to entry, sharing knowledge, expanding networks and opening doors.
But at this point, there are no known Indigenous investors with a seat at the table. This must change. It is time to recognise the power and wealth of Indigenous Australians. We want to provide a pathway to allow them to take their rightful seat at the investment table, and join the ecosystem of angel investing.
On the flipside, a lack of access to capital by Indigenous businesses has long been identified as a barrier for the sector’s long-term growth. While grants and loans have traditionally been the preferred source of finance for the sector, unlocking the potential of equity capital is the logical next step.
Now is the time to equip Indigenous investors and entrepreneurs with the specific skills, techniques and strategies required to grow and scale their business to a new level.
Generation One, in partnership with Perth Angels, is proud to announce the creation of the inaugural Indigenous Angel Investor and Indigenous Entrepreneur Masterclasses.
Supported by the WA government, National Australia Bank, Generation One and Perth Angels, the pilot Masterclasses will connect Indigenous people to investor networks, help businesses become investor-ready, and recognise the wealth and power of Indigenous people to become investors themselves.
The Indigenous Entrepreneur Masterclass will equip Indigenous entrepreneurs with the skills to raise capital and to turbocharge their start-ups, contributing to greater employment of Indigenous Australians, and greater investment into the Indigenous business sector.
The Masterclasses will provide high calibre education that connects and empowers Indigenous professionals to explore the exciting world of early-stage, high growth business and technology. It aims to deploy more investment into the Indigenous start-up ecosystem, leading to business growth and job creation.
Run during November 2020, the pilot Masterclasses will bring together industry experts and leaders from across WA to foster a network of empowered Indigenous investors passionate about making a meaningful impact in their communities.
Places are strictly limited for these pilot Masterclasses.
Applications close COB (WST) 29 October.
Shelley is a Noongar woman, joining Generation One after a number of years on Ngunnawal Country (Canberra) with PwC’s Indigenous Consulting team. Shelley is passionate about economic parity for her people, and believes this can be achieved through sound financial literacy, indigenous business and economic opportunity. Shelley is also a qualified company director and a qualified chartered accountant.