Indigenous Entrepreneurship Definition

It’s time to give back to your community! Indigenous Entrepreneurship is a term that refers to the entrepreneurial activity of Indigenous peoples.

1. A First Nations entrepreneur who is passionate about achieving their self-determination aspirations and creating a better world for all.
2. Culture is reflected in their business operations, and they give back to their community and/or the community they work in.
3. Respects all cultures in our global community.
4. Operates in any industry or field (no limitations).

Indigenous Entrepreneurship

Refers to the process of starting and running a business venture by an Indigenous person or community group. Indigenous people are those who have a historical and cultural connection to a particular geographic region or territory, and who may have distinct social, economic, and political systems and practices.

It can take many forms and can involve a wide range of products, services, and industries. It can be driven by various motivations, such as the desire to help their community, generate income, create employment opportunities, preserve cultural practices, or address social or environmental issues.

Indigenous peoples around the world have played a significant role in the protection and management of the environment despite colonisation, genocide and land theft.

Communities are often exploited for their natural resources and marginalised by poverty. As a result, they have limited economic opportunities. One way to change this is by engaging in entrepreneurship (again).

When trying to understand Indigenous economies, it is important to understand the implications of the Western practices that have been imposed on them.

There are a lot of key learnings and case studies from Indigenous countries that have regained their sovereignty but have been corrupted or influenced by the Western way of doing business that arguably doesn’t work for Indigenous economies, which are usually based on reciprocity and redistribution, not on individual accumulation and consumption.

In a speech outlining the Biden administration’s policy toward the continent, Blinken said that growing extremism, increasing authoritarianism and exploding corruption in Africa are imperilling democracy, human rights and the future of a massive portion of the world’s population.

It is ironic that Western nations who colonised and exploited Africa for its natural resources and wealth are now lecturing African countries about corruption. They left the foundations of Western democracy and education for the natives, only to come back and lecture them. You’re doing this (corruption) thing all wrong…

But it is a case study for Indigenous nations in Australia and other countries that may gain greater self-governance and independence in the future. To be successful after colonisation, we have to build economies our way, from an Indigenous perspective that incorporates sustainable development, not just for humans, but the environment and biodiversity too.