Funding Webinar with Poutama Trust

Toiere gathered to discuss with Poutama Trust the funding and support options for Māori businesses, with a focus on Poutama Trust’s offerings and Regional Business Partner (RBP) program.

Key Takeaways

• Poutama Trust offers grants up to $10,000 (50% contribution) for Māori businesses earning $80k+ annually
• RBP program provides capability vouchers up to $5,000 for various business services
• Current funding landscape is challenging, with recent changes to programs like Te Pūtahitanga
• Participants expressed frustration with unclear pathways and criteria for business support
  Topics

Poutama Trust Grants

• Independent charitable trust with $30 million asset base
• Provides $700,000 in annual grants for Māori businesses
• Criteria: 12+ months in business, $80k+ turnover, max $10k grant (50% contribution)
• Can apply annually, up to $30k total
• Covers equipment, branding, trade shows, packaging for business growth

Regional Business Partner (RBP) Program

• Offers 50% funding up to $5,000 for capability building
• No minimum income requirement, but needs NZBN number
• Popular areas: marketing, digital enablement, financial management
• Poutama Trust delivers RBP for Te Waipounamu region

Business Support Needs

• Participants in various stages (pre-startup to established) seeking guidance
• Challenges in navigating complex application processes and criteria
• Need for clear pathways and timelines for business development support

Registration Process for Support

• RealMe account required for NZBN registration
• NZBN needed for RBP registration
• Process can be time-consuming, but actual RBP registration is quick

Next Steps

• Participants to connect with Amy (amy@poutama.co.nz) for RBP inquiries
• Participants to connect with Jeanna (jeanna@poutama.co.nz)
• Individuals to pursue NZBN and RBP registration as needed
• Toiere to review their ecosystem and support offerings for Māori businesses