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New grants to stimulate Aboriginal Business

Aboriginal businesses, entrepreneurs and startups are set to benefit from two Victorian Government funding streams designed to better support indigenous enterprise.

Aboriginal businesses operators can now apply for grants under a new $750,000 funding package for Kinaway, Victoria’s Aboriginal chamber of commerce.

The Kinaway funding will give Aboriginal businesses access to a new online business directory and more development programs.

It will also allow Kinaway to connect Aboriginal businesses to the corporate sector, via a new advisory hub and to host tailored workshops.

Kinaway, now located in Collingwood, will advertise for a general manager to oversee the next phase in the chamber’s development.

Victoria’s startup agency LaunchVic has also opened a round of grants designed to improve access and participation in the state’s startup community for Aboriginal Victorians.

Grants of up to $500,000 will drive education, acceleration, incubation and mentoring programs that focus on startup thinking, global engagement and the use of disruptive technology for Aboriginal entrepreneurs.

LaunchVic’s mapping of the local startup sector in 2017 showed Aboriginal businesses were poorly represented.

The rate of entrepreneurship for non-Aboriginal Australians was also shown to be about three times higher than that of Aboriginal Australians, according to the 2011 Census.

The funding announcements are part of Tharamba Bugheen, the Victorian Government’s $6.63 million Aboriginal Business Strategy which is helping Aboriginal Victorians become innovative entrepreneurs and business leaders.

Applications for LaunchVic grants will close Thursday 24 May.

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