INDIGENOUS BUSINESS AUSTRALIA
About
Indigenous Business Australia (IBA) is an Australian Government statutory corporation established to promote and encourage self-management, self-sufficiency, and economic independence for Aboriginal and Torres Strait Islander peoples. It operates with a commercial focus to facilitate wealth creation, asset accumulation, and the achievement of financial aspirations through home ownership, business ownership, and strategic investments.
Tips for Applicants
Applicants should focus on presenting strong business plans that clearly articulate how their initiatives will contribute to wealth creation and economic independence for Aboriginal and Torres Strait Islander peoples. Demonstrating alignment with IBA's objectives of fostering self-management, commercial success, and community development is crucial. Highlighting any social or cultural benefits beyond financial returns will also be beneficial.
Giving Philosophy
IBA's approach to giving is rooted in supporting Indigenous Australians to achieve economic independence and self-determination. They believe in fostering sustainable economic advancement for current and future generations by building mutually respectful partnerships, providing commercial expertise, and offering access to finance and business development support. This philosophy aligns with broader Indigenous business values emphasizing collective elevation, cultural pride, and community benefit beyond purely financial outcomes.
Giving History
ACNC Financial History
| Year | Grants Given | Revenue | Total Assets | Net Assets |
|---|---|---|---|---|
| FY2023 | $8.0M | $340.2M | $2.2B | $2.1B |
| FY2022 | $13.5M | $367.6M | $2.0B | $1.9B |
| FY2021 | $16.4M | $343.5M | $1.9B | $1.7B |
| FY2020 | $9.5M | $283.3M | $1.7B | $1.6B |
| FY2019 | $7.9M | $276.5M | $1.6B | $1.5B |
| 5yr total | $55.3M | Source: ACNC Annual Information Statements | ||
Grants in Database (1)
Programs (from website)
Business Development and Assistance Program
Offers business advice, mentoring, support with business planning, and assistance in accessing affordable finance (loans up to $100,000) for start-ups and early-stage Indigenous businesses.
Start-Up Finance Package
Provides Aboriginal and Torres Strait Islander start-ups with access to loans, with up to 30% of a new business loan potentially awarded as a grant to purchase assets, along with payment flexibility and planning assistance.
Small Business Development Program
Designed for operating Indigenous businesses ready to scale and create community impact. Includes tailored and structured expert business support for up to 3 years, and possible loans to support growth initiatives.