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