Melbourne University's dedicated First Nations business tertiary education, research and policy arm Dilin Duwa will benefit from a $1 million dollar partnership with ANZ.

Announced on Monday, the bank is funding scholarships to the university's MURRA Indigenous Business Masterclass Program for established business leaders and managers, sponsoring global forums and education workshops delivered nationally to a regional community each year.

Dilin Duwa offers the masterclasses to those in business graduate certificates and masters.

"ANZ's impact grows when we support the ecosystem to thrive. We recognise the importance of self-determination for First Nations businesses in achieving sustainable impact both within their communities and across the broader Australian economy," Simone Kenmore said.

Ms Kenmore is Yankunytjatjara woman and the bank's head of First Nations Business Banking and proud.

"By combining ANZ's capabilities with Dilin Duwa's expertise and networks, we are creating meaningful, sustainable opportunities for business owners to build long-term growth, investment and leadership," she added.

The partnership is also slated to benefit the bank's business customers.

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The support is a four-year commitment. It comes as part of ANZ's Fuelling the Fire First Nations strategy.

In mid-2025, ANZ launched the 10 year strategy for Indigenous business.

An accompanying report identified potential $232 billion annual revenue contribution to Australia's economy by 2050.

Dilin Duwa director Professor Michelle Evans said the centre is delighted with the support from ANZ.

"The Indigenous business ecosystem contributes significantly to the Australian economy," Professor Evans said.

"ANZ's support will contribute to our research and educational initiatives which are designed to support Indigenous businesses to develop and grow in ways that matters to the community."