<iframe src="https://www.googletagmanager.com/ns.html?id=GTM-PHTV9K7" height="0" width="0" style="display:none;visibility:hidden">
Loading
Skip to Main Content
Product cover image for First Australians Capital: Financing Self-Determination Within a New Indigenous Economy

First Australians Capital: Financing Self-Determination Within a New Indigenous Economy

Amale Scally, Ruairidh Anderson

Product #:W44311
Supplier:Ivey
Discipline:Finance, General Management
Setting:Australia, 2023
Details:Case (PDF) • 14 pages • 2026-01-19

Subjects:

FinancingLeadership and managing peopleManagement

Industries:

Financial service sector

Geography:

AustraliaAustralia and Oceania
Your Price:$10.54

Purchase this material with a free Educator Account and enjoy more benefits:

  • Free Educator Copy
  • Free Teaching Notes
  • Build your coursepack
  • Discounted academic price

Early in 2023, a pitch deck was presented to First Australians Capital Ltd (FAC)—a First Nations-owned and led investment company operating throughout Australia. Native Foodways Pty Ltd (Native Foodways), an Indigenous-owned start-up bakery, was seeking an AUD$2 million investment to launch a bakery café in a vacant food court outlet in Sydney’s Central Business District. Despite Native Foodways’ ambitious plans to catalyze Australia’s native grains industry, FAC’s investments team could not write a $2 million cheque to such an early-stage venture. Therefore, in February 2023, FAC’s associate director of investments and associate director of impact set out to determine (1) the minimum amount of capital needed to launch the bakery cafe, (2) how to increase customer demand for native grains, (3) how to scale the supply chain, (4) how to complete the venture on time, (5) how to build brand recognition, and (6) whether the investment would align with FAC's 10-year strategy.

Learning Objectives

The case is suitable for master of business administration and other master’s programs and final-year undergraduate courses (capstone units) in finance, general management, and business. It can also be taught in courses examining Indigenous business and financing issues. After working through the case and assignment questions, students will be able to do the following:
  • Identify challenges that Indigenous peoples face in Australia.
  • Discuss how the aforementioned issues have led to an overall lack of access to mainstream financing for Indigenous entrepreneurs.
  • Explore the benefits of investing in a new Indigenous economy.
  • Pinpoint financial institutions and solutions that are creating opportunities for Indigenous entrepreneurs.
Loading
Case Study: First Australians Capital: Financing Self-Determination Within a New Indigenous Economy (English version) | Ivey Publishing