Business opportunities are rapidly increasing for Aboriginal and Torres Strait Islander people.
Businesses are already working with Indigenous suppliers in meeting their corporate responsibilities and as part of its Indigenous Procurement Policy (IPP), the Australian Government has committed to awarding three per cent of new domestic contracts to Indigenous suppliers by 2019–20. Within the first year of this policy’s launch, contracts to the value of almost $200 million have been awarded to Indigenous businesses.
Indigenous owned businesses should make sure they can be found online on directories such as Supply Nation.
While winning contracts is a well-tested way to grow a business, it is very competitive and the process itself can be daunting for the unprepared.
IBA runs workshops for Indigenous business owners who would like to know how they can best position their business and pitch in response to these procurement opportunities.
During the workshop participants will:
- gain a better understanding of the IPP’s targets, contracts and minimum requirements
- learn how to best position their business to respond to contract opportunities
- assess their business potential in terms of its capability, competitiveness and supply readiness
- design or refine their business capability statements and pitches.