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17 Indigenous entrepreneurial finance: Mapping the landscape with Canadian evidence

  • Ana María Peredo , Bettina Schneider and Audrey Maria Popa
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De Gruyter Handbook of Entrepreneurial Finance
This chapter is in the book De Gruyter Handbook of Entrepreneurial Finance

Abstract

This chapter considers the evolving landscape of financing sources available for Indigenous entrepreneurs using Canada as an example. The aim is to suggest how, in the colonial environment of Canadian financial services, Indigenous people have not only been able to lobby for access to funding, but also have found ways of marshalling their own financial resources to support entrepreneurship. An overview of the literature on Indigenous entrepreneurship and Indigenous finance brings out their distinctive character and value orientation. An outline is given of resources available for Indigenous entrepreneurship in Canada, from governmental initiatives through arrangements offered by mainstream financial institutions and government to innovative organizations assembled by Indigenous people themselves. Three vital questions for future research are identified: (1) should the institutions mobilized by Indigenous people themselves remain niche organizations, perhaps bridging entrepreneurs to mainstream options, or should these institutions seek to enlarge their role? (2) Does accessing funds from mainstream sources, or even from Indigenous organizations immersed in a profit-based, market environment, risk perpetuating dependency and undermining distinctive Indigenous interests and values? (3) What should the role of mainstream organizations be in relation to the distinctive character of Indigenous entrepreneurship?

Abstract

This chapter considers the evolving landscape of financing sources available for Indigenous entrepreneurs using Canada as an example. The aim is to suggest how, in the colonial environment of Canadian financial services, Indigenous people have not only been able to lobby for access to funding, but also have found ways of marshalling their own financial resources to support entrepreneurship. An overview of the literature on Indigenous entrepreneurship and Indigenous finance brings out their distinctive character and value orientation. An outline is given of resources available for Indigenous entrepreneurship in Canada, from governmental initiatives through arrangements offered by mainstream financial institutions and government to innovative organizations assembled by Indigenous people themselves. Three vital questions for future research are identified: (1) should the institutions mobilized by Indigenous people themselves remain niche organizations, perhaps bridging entrepreneurs to mainstream options, or should these institutions seek to enlarge their role? (2) Does accessing funds from mainstream sources, or even from Indigenous organizations immersed in a profit-based, market environment, risk perpetuating dependency and undermining distinctive Indigenous interests and values? (3) What should the role of mainstream organizations be in relation to the distinctive character of Indigenous entrepreneurship?

Chapters in this book

  1. Frontmatter I
  2. Acknowledgments V
  3. Contents VII
  4. Editor and contributor biographies XI
  5. Introduction 1
  6. Part I: The individual level
  7. Introduction 13
  8. 1 The role of founders’ tangible resources in founding new ventures 15
  9. The bootstrapping-bricolage interface 37
  10. 3 Effectuation and entrepreneurial finance 55
  11. 4 Portfolio entrepreneurs: The role of risk 75
  12. Part II: The inner circle
  13. Introduction 89
  14. 5 Informal financing of entrepreneurs 91
  15. 6 Funding entrepreneurs within business groups: An emerging market view 107
  16. 7 How business incubators and accelerators finance startups 119
  17. Part III: The wider world
  18. Introduction 137
  19. 8 Formal debt as a source of entrepreneurial finance 139
  20. 9 Microfinance and entrepreneurial finance: A review and future research agenda 153
  21. 10 Venture capital as a source of entrepreneurial finance 171
  22. 11 Corporate venture capital: A literature review and research agenda 195
  23. 12 The role of business angels in the new financial landscape 223
  24. 13 Government financing of startups 245
  25. 14 Family offices as startup investors: A synergetic relationship of the old and new economy? 265
  26. Part IV: Emerging perspectives
  27. Introduction 291
  28. 15 A scoping review of most influential entrepreneurial finance studies in developing countries 293
  29. 16 Conceptualizing gender in entrepreneurial finance: Past trends, current developments and future opportunities 317
  30. 17 Indigenous entrepreneurial finance: Mapping the landscape with Canadian evidence 335
  31. 18 Financing entrepreneurs in post-conflict and disaster zones 359
  32. 19 Ethics and entrepreneurial finance 375
  33. Conclusion 391
  34. List of figures 401
  35. List of tables 403
  36. Index 405
https://doi.org/10.1515/9783110726312-022

Chapters in this book

  1. Frontmatter I
  2. Acknowledgments V
  3. Contents VII
  4. Editor and contributor biographies XI
  5. Introduction 1
  6. Part I: The individual level
  7. Introduction 13
  8. 1 The role of founders’ tangible resources in founding new ventures 15
  9. The bootstrapping-bricolage interface 37
  10. 3 Effectuation and entrepreneurial finance 55
  11. 4 Portfolio entrepreneurs: The role of risk 75
  12. Part II: The inner circle
  13. Introduction 89
  14. 5 Informal financing of entrepreneurs 91
  15. 6 Funding entrepreneurs within business groups: An emerging market view 107
  16. 7 How business incubators and accelerators finance startups 119
  17. Part III: The wider world
  18. Introduction 137
  19. 8 Formal debt as a source of entrepreneurial finance 139
  20. 9 Microfinance and entrepreneurial finance: A review and future research agenda 153
  21. 10 Venture capital as a source of entrepreneurial finance 171
  22. 11 Corporate venture capital: A literature review and research agenda 195
  23. 12 The role of business angels in the new financial landscape 223
  24. 13 Government financing of startups 245
  25. 14 Family offices as startup investors: A synergetic relationship of the old and new economy? 265
  26. Part IV: Emerging perspectives
  27. Introduction 291
  28. 15 A scoping review of most influential entrepreneurial finance studies in developing countries 293
  29. 16 Conceptualizing gender in entrepreneurial finance: Past trends, current developments and future opportunities 317
  30. 17 Indigenous entrepreneurial finance: Mapping the landscape with Canadian evidence 335
  31. 18 Financing entrepreneurs in post-conflict and disaster zones 359
  32. 19 Ethics and entrepreneurial finance 375
  33. Conclusion 391
  34. List of figures 401
  35. List of tables 403
  36. Index 405
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