Subsistence Overview
Subsistence is a Bendigo owned business that seeks to create a small economy based on local bushfood products. Whereas industrialism is a way ahead based on monetary capital and technology, subsistence is a way ahead based on relationship and land.
At present it is virtually impossible for us to kno...
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Subsistence is a Bendigo owned business that seeks to create a small economy based on local bushfood products. Whereas industrialism is a way ahead based on monetary capital and technology, subsistence is a way ahead based on relationship and land.
At present it is virtually impossible for us to know the economic history or the ecological cost of the products we buy; the origins of the products are typically too distant and too scattered and the processes of trade, manufacture, transport and marketing, too complex. We must take back into our own power, a significant portion of economic responsibility by finding out the origins of our products and making informed choices. The greater portion of products we utilise must be at least partially locally produced.
Subsistence has developed it's first product, the Drooping Cassinia Native Herbal Tea. The tea is collected in the Bendigo region and is being sold in a small number of shops. This product was developed during the first year of operation, which has just passed, while the owner was on the State Government's NEIS scheme. This native herbal tea is the first in a range of teas that Subsistence is working on. Subsistence now seeks venture capital so that the full range of Bendigo Bush Teas can be developed and marketed.
Core Team Members
Alasdair Turnbull is a qualified Chemical Engineer and Chemist with two years experience in the Water Treatment Industry and two years in a Biodiesel startup venture. With a passion for sustainability and social justice, he is currently working part time in a native plant nursery to support the start up of Subsistence. He was married in 2008 and he and his wife are expecting a baby early in 2010.
Company Vision & Future
Supplying wide range of bush food products, most of which are collected in the local area and processed and packaged in Bendigo.
Also running a cafe with a focus on these products and selling native bushfood seedlings.
Current Valuation
In the hundreds of thousands I estimate.
Exit Opportunity
Unsure.
Ideal Investor
Besides money, I am seeking an investor who can offer experience and work towards the final goals of developing the range of bushfood products and opening a cafe in Bendigo.
