There's a "unique opportunity" to shape the economic future for Aboriginal Territorians and set the foundations of a different world for future generations, says incoming Aboriginal Investment NT chief investment officer Brian Wyborn.
Mr Wyborn, a Torres Strait Islander and Papua New Guinea man, joined the body following their rebrand and announcement of a $600 million-plus bolstered, 2024-2029 strategic investment plan labelled a "milestone moment for our people" from within.
Previously known as the Northern Territory Aboriginal Investment Corporation, AINT have forecast aims to drive Aboriginal-led development in the territory, and the unprecedented capital "to support development that leverages Aboriginal assets".
Mr Wyborn told National Indigenous Times there's a "huge opportunity…to really empower economic growth and investment opportunities for Aboriginal Territorians" and the scope for rethinking.
Mr Wyborn previously served as managing partner at First Australians Capital, as a director at investment management firm JBWere, and maintains board and committee positions with Philanthropy Australia, Boodja Trust and Australian Regional and Remote Community Services.
"Traditional investment markets and impact investing in economic outcomes, they haven't really worked in our space," he said.
"What we're excited about is the opportunity that we have with a corpus of capital to innovate and explore how this works for community, and we want to ensure that our investment approach and our mandate understands what are community priorities.
"We think that's where the change happens - cultural, social and economic well being, they're all in it (and) need to be one thing for it to be successful, not just economic prosperity."
Within their five-year plan, AINT outlined a $500 million Future Fund and more immediate $155 million Community Ready Fund.
"The purpose of that (Future Fund) is really around long term tenure, to generate those long term financial returns, (to) allow us to continually contribute to the generational wealth that we're creating here. It's also to top up our community ready bucket as well, so we can deploy that capital into the communities.
The Community Ready Fund is "a pot of capital" to write grants and invest in businesses, he said.
Mr Wyborn also has sights to "leverage additional capital" from partners in addition to the money on hand. To him, cultural tourism, land management, agriculture and renewable energy are sectors sitting ready, as well as harnessing the land rights and coastline territory for aquaculture to utilise tradition and allow on-country participation.
AINT chair and Kaytetye, Arrernte, Warramunga and Warlpiri woman Barbara Shaw had previously celebrated a new era for Aboriginal decision-making.
Mr Wyborn said Aboriginal representation and leadership is strong at the top, within AINT's board structure, including both government and independently-appointed members passionate about "seeing the prosperity of Aboriginal Territorians" informed by community interest, "which allows us to propose strategies, policies, delegations to that committee, to that board and really get their sphere on saying 'do you see this working in the NT?'".
"We've got a really unique opportunity to showcase this, but also put the governance around this to ensure that it works," he stated.
"You know, we need to make sustainable commercial investments into community along the old continuum of really early stage investment, which might include grants and really early stage concessionary capital to larger scale infrastructure projects, potentially generating a financial return that's effectively a market return."
In Mr Wyborn's view, Aboriginal economic successes promise broader positive impact for the Territory.
"I've got three young children, and they're going to grow up in a very different world (compared to) me growing up," he said.
"The narrative about Indigenous Australians, particularly in sectors like finance, can change."