NAB Foundation launches new First Nations scholarship program

• The program will provide scholarships to 10 First Nations students commencing study in 2026
• Alongside NAB Foundation's financial support, NAB will provide mentoring, internships, and career development opportunities to help students become future leaders in business
• The initiative aligns with NAB’s Reconciliation Action Plan and reflects a broader commitment to First Nations economic empowerment

NAB Foundation has today announced the launch of the First Nations Futures Scholarship Program, a new initiative designed to support the next generation of First Nations business leaders.

The program will provide scholarships to 10 First Nations students studying business or finance undergraduate degrees at five leading Australian universities commencing in 2026. 

The initiative supports NAB and NAB Foundation’s broader commitment to First Nations economic empowerment and aligns with NAB’s Reconciliation Action Plan pillar of supporting the self-determining aspirations of First Nations peoples.

NAB Head of First Nations Affairs Sam Webster said the NAB Foundation’s scholarship program is about real investment in the futures of First Nations students, in the security of their families, and in the strength of Australia’s economy. 

“First Nations talent is deeply grounded in determination, resilience and vision,” Ms Webster said.

“Each student will receive a bursary and be supported with mentoring, internships, and career development to help them become future leaders in Australian business.

“We know that when First Nations students are supported into higher education, the benefits extend far beyond the individual - it lifts household incomes, creates jobs, and grows wealth. 

“These scholarships are a direct investment in that multiplier effect; one student’s success has the power to change outcomes for many.”  

The program will be delivered by the University of Melbourne, Deakin University, the University of Newcastle, QUT and Curtin University. Each university will administer the scholarships and provide tailored support through their Indigenous student services. 

Dean of Business and Economics, Professor Paul Kofman at the University of Melbourne, says the impact of the funding and scholarship program will change lives.

“For many Indigenous students living in remote communities, the dream of attending university can feel out of reach,” Professor Kofman said.

“This funding helps bridge that gap, giving students the financial and practical support they need to pursue higher education and build a future in business. 

The NAB Foundation First Nations Futures Scholarship program will also fund two scholarships for First Nations young people from regional and remote communities through Yalari, a First Nations-led not-for-profit organisation supporting First Nations students from remote locations transitioning into university.   

The announcement comes during Indigenous Business Month, a celebration of First Nations business excellence. 

NAB Foundation’s scholarship program is one of several initiatives the bank is delivering to support Indigenous business and economic participation.

ENDS 
 

Notes to editors:

• The NAB Foundation is a registered charity that uses philanthropy, social investment and in-kind support to fund social and environmental progress in Australian communities. 
• The First Nations Scholarship Program is part of NAB Foundation’s broader commitment to First Nations economic empowerement, alongside initiatives in natural disaster resilience, climate transition and affordable housing.
• More information about the scholarships can be found via the links below. 
• QUT: QUT - NAB Foundation First Nations Futures Scholarship, opens in new window
• University of Melbourne: NAB Foundation First Nations Futures Scholarship, opens in new window
• The University of Newcastle: NAB Foundation First Nations Futures Scholarship / Scholarships / The University of Newcastle, Australia, opens in new window
• Deakin University: NAB Foundation First Nations Futures Scholarship Deakin University, opens in new window
• Curtin University: Scholarship details | Curtin University, Perth, Australia.