HEVA; CULTURE & HERITAGE FUND

Published on: Jan 30, 2019


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HEVA has established a short term seed fund facility looking to support and stimulate culture and heritage startups in Kenya, in collaboration with the British Council. This fund is intended to create inclusive development of cultural communities by working directly in the areas of music, film, fashion, crafts, gaming and performing arts, as well as tourism projects which celebrate and preserve heritage.

Applications are now open until 25th February 2019. Find out more about terms, eligibility and what you need to apply below. Ready to apply?

HEVA is looking to invest a minimum of KES 500,000 Ksh and a maximum of KES 3,000,000 comprising seed grant-loan hybrids, with a repayment period of 24 months maximum, in each successful project.

The Cultural Heritage Seed Fund is open for application by individuals, groups, communities, businesses and organisations who can demonstrate that their project will be a venture, project or activity based in cultural heritage. They will also demonstrate their overall commercial value, and revenue potential from the local and/or international tourism sectors, as well as substantial impact in cultural ecosystems and communities.

  • You must be an individual, group, community or organisation working in music, film, fashion, gaming, performing arts or tangible heritage.
  • Your project, idea, company must have a direct link to cultural heritage development that falls under any of the following ventures:

Festivals: Cultural, literature, film, music, theater etc.

Cultural Products: Fashion, costumes and textiles, jewelry & accessories, furniture and decor items, games, music albums etc.

Tangible Heritage: Museums, archives, libraries, historic and cultural sites, community spaces and placemaking, typography, indigenous crafts etc.

Cultural Education: Artistic practice, artistic education, research, journalism and publications, digital platforms (YouTube channels, blogs, vlogs, independent media) etc.

  • You should demonstrate experience and public engagement in the cultural heritage field.
  • You must have work related financial records for the past financial year such as invoices, LPO’s, bank statements etc.
  • You must be a Kenyan citizen who is resident in Kenya, and/or part of a business or organisation which is registered and operational in Kenya*.

The following are the general timelines of the application process from start to finish.

Open For Applications
25th January – 25th February 2019
The Cultural Heritage Fund opens for applications. Applicants who complete the application form will receive a notification that we have received their application.

First Review
25th February – 1st March 2019
A shortlist of eligible applicants is reviewed by 2 panels, evaluating creativity and business applicability.

Pitch Prep
4th – 7th March 2019
Successful applicants are notified that they have been selected to come and pitch their business and investment plan. Pitch decks are handed out to successful applicants, who are given a week to prepare. Another message is sent out to facilitate pitch scheduling.

Pitch Time
11th March – 22nd March 2019
Pitching sessions happen. A further shortlist is compiled after this.

At this point, commitment letters are sent out to all successful pitches, detailing the next processes of due diligence and financial modelling which can then move forward once the businesses agree to the given terms.

Due Diligence
25th – 5th April 2019
Due diligence visits to applicants with successful pitches are made.

Financial Modelling
8th – 12th April 2019
Businesses shortlisted after due diligence are called in for collaborative financial modeling meetings.

Finalists
15th – 19th April 2019
The final list of eligible businesses will be released, and letters of offer written to them.

Announcement of New Group
Contracts are signed, after which the first disbursements of the investments can proceed.

 

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