Indigenous Australian Entrepreneurship
BRW has outlined (Published 22 November 2013) an exciting project: Aboriginal entrepreneurs start indigenous consulting firm with PricewaterhouseCoopers
Four Aboriginal entrepreneurs have co-founded a consulting firm with PricewaterhouseCoopers to tap into growing interest among business and government in engaging with indigenous Australia. Chief executive Jason Eades, a Gunnai man, says the consultancy has a clear focus on indigenous-related work, which he believes is a market worth around $50 million.
Of interest is the innovative business structure:
The firm, PwC Indigenous Consulting, or PIC, is 51 per cent owned by the four indigenous owners, each with an equal share through a separate holding company. PwC Australia owns 49 per cent and PIC is an independent member firm of PwC Global.
Eades says the plan is to bring in new owners over time, but the business will remain majority indigenous from board level down to employees.
It appears that Indigenous Australian employee-ownership is inbuilt into the project. Sounds like this start-up is worth watching (for the full article go to this link).