The World’s first Indigenous AcceleratorThe Barayamal Accelerator is looking for five First Nations businesses to give a funding total of $50,000
Don’t Miss Out!
The five innovative Indigenous businesses will receive a funding total of $50,000 in grants with all participants also receiving free coworking space, mentoring and training from industry experts at the Victorian Innovation Hub, Goods Shed North.
The Barayamal Accelerator incorporates a competition model to select our innovative Indigenous businesses. Indigenous entrepreneurs submit an application for the Barayamal Accelerator program, which is reviewed and shortlisted, with the most innovative Indigenous businesses in Australia then pitching for one of the five spots available. At the end of this pitch competition, only five Indigenous startups are invited to participate in the Barayamal Accelerator.
Funded by LaunchVic and supported by our corporate partners, the Barayamal Accelerator will rapidly accelerator the growth of the Indigenous businesses by providing capital, mentoring and industry support over three months then showcase their success at the culminating Demo Day on the 27 November.
Barayamal’s Accelerator is completely free, thanks to LaunchVic. We exist to show the world that Indigenous entrepreneurs exist, like Black Swans, and we can also build successful businesses too.
Supporting Indigenous entrepreneurs is crucial to sustainable Indigenous development and an important component towards stronger entrepreneurial communities. Addressing Indigenous disadvantage has benefits not only for local communities but the entire Australian economy. We believe that Indigenous businesses are the high growth and impact solution that will help close the disparity and opportunity gap between Indigenous and non-Indigenous Australians. By supporting Indigenous businesses, you will increase Indigenous employment and economic development throughout Australia.
Interested in becoming a mentor?
Barayamal brings together a passionate group of mentors from diverse backgrounds throughout Australia, which includes technologist, investors, philanthropist, entrepreneurs, industry experts, and community leaders.
Application & Selection Process
- Submit an application.
- Reviewed and shortlisted.
- Pitching competition.
- Top five are invited to participate in the accelerator.
The application process will be extremely competitive and judged on the following criteria:
- Indigenous startup or scaleup.
- Must be less than 7 years old from the date of incorporation.
- Strong desire to learn and willingness to implement the advice.
- The applicant effectively conveyed the problem, solution, and feasibility of their business model.
- Proof of Aboriginal or Torres Strait Islander heritage.
- Agree to participate in future program evaluation activity.
Barayamal is looking for the most innovative businesses that also incorporate Indigenous values. Indigenous entrepreneurs who work hard and pay it forward in their communities will be judged favourably.
If you have additional questions, please send an email to [email protected]
Yes! We will notify all applicants on or before 22 July 2019.
We may require that you disclose specific information relating to your startup to support your application claims.
The easiest way is to leverage off existing research from credible sources e.g. IBISWorld, Australian Bureau of Statistics, etc. How to estimate market size: Business and marketing planning for startups –> https://learn.marsdd.com/mars-library/how-to-estimate-market-size-business-and-marketing-planning-for-startups
Traction = growth – have your sales or revenue increase over the last 3 years? How much… 20% per annum?