Building businesses in Australia's Native Ag+Food Sector
The Native Ag+Food Ideas2Business Program is a three-month early stage accelerator for Indigenous and non-Indigenous startups and entrepreneurs. The first pilot program was launched in mid-2020.
While this was the first Native Ag+Food Ideas2Business program, there is clear demonstration that with the right support, early stage entrepreneurs and business founders are able to achieve considerable progress. In a relatively short space of time we saw:
Clear evidence of customer traction – both B2C and B2B
Revenue growth – in one case by > 1000% Increased clarity around business model, go-to-market strategy, and capital/fund raising
High quality pitch decks
Understanding of importance of creating impact including benefit sharing and increasing Indigenous participation along the value chain
" We saw direct growth in our business through the learnings we applied from the Ideas2Business program "
HAYDEN MARKS - MELBOURNE BUSHFOODS
A quick look at the impact of the Native Ag+Food Ideas2Business Program.
50% INDIGENOUS FOUNDERS
42% FEMALE FOUNDERS
31% INDIGENOUS APPLICANTS
1000% INCREASED REVENUE
The program demonstrated that it is possible to build capable and well-performing value-added businesses that will in turn support broader industry growth via their impact on:
Increasing customer understanding and demand
Developing higher value products that deliver greater returns along the value chain
Providing clearer market signals to growers and wild harvesters and in many cases playing an active role in building the supply side
Our aim is to continue to build capability and performance of the sector and create a critical mass of high-performing integrated value chains.
We believe this will create the foundation for accelerating growth across the sector and will provide the confidence for increased investment along the entire value chain.
Some of our success stories
Food Futures Company is committed to working in partnership with the Traditional Owners of the land on which we live, learn and work.
We acknowledge their continuing cultural, social, environmental and economic connection to land, sea and community, and pay our respects to their Elders past, present and emerging.