Micro Enterprise Development
description
Transcript of Micro Enterprise Development
Business in a Box
Rahera Ohia + Travis O’Keefe
17 JUNE 2014
Ngāti
Pūkenga
The Ngāti Pūkenga Story
• Ngāti Pūkenga whānau experience –
current models and investment
strategies only working for a few
people
• Sustainable economies vision –
viability in kāinga
• Research - ($240k)
• Strategic planning – priority projects
(intellectual property, cultural
connectedness, leadership
development and micro enterprise)
• Business in a Box – priority ($260k)
Learning & Challenges
We found:
• Our people want to live in their kāinga
• We have entrepreneurial thinkers
• Higher than average rate of tertiary
qualification, but high unemployment rates
and lower than average median incomes
• Significant social challenges
• We need new solutions for longstanding
problems
• Our people think our profile is not as strong
as it could be
Business in a Box Goal
A 50% increase in the household incomes of
participating Ngāti Pūkenga whānau, by 2020
Business in a Box – key
elements for Ngāti Pūkenga
• Business owners not employees
• Micro enterprise focus
• Low risk, lean start-up process
• Supporting people through an unfamiliar
process
• People have new found confidence to try
something out
• People learn to fail fast and start again
Why is BiB different?
• Developing our own solutions– Existing policy and investment frameworks have not worked for our whānau
– Tap into our own knowledge and new knowledge to solve old problems
• Not reinventing the wheel– Lean Startup (Harvard article)
– 4-Hour Work Week (Internationally recognised Entrepreneurship framework)
– We are focused on 1, 2 & 3
• Multiple benefits– Capability development - Confidence, Belief, Ambition, Choices
– Increasing household income
– Making innovation & entrepreneurship an important part of Ngāti Pūkenga culture
• Scalability– Ngāti Pūkenga
– Other iwi
– Other NZ groups
– Globally
Opportunity for collaboration
• We all face similar challenges
• Ngāti Pūkenga has already invested $500,000
in research and the development of solutions
• Why not work on this together?
Business in a Box ticks a lot of boxes
1. Close strategic alignment with business and people
development together
2. It lends itself to a co-investment model – our skin in the
game and attracting other investors
3. New solutions to solve old problems
4. Multiple benefits - thoughtful way of creating: business
acumen, social capability, cultural uniqueness
5. Scalable
Ngāti
Pūkenga