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