Beneficiaries’ Engagement and Breakfast Forum

Beneficiaries of the Cultural Heritage Seed Fund and Women in Creative Enterprise at the Engagement and Breakfast Forum

Beneficiaries of the Cultural Heritage Seed Fund and Women in Creative Enterprise at the Engagement and Breakfast Forum

HEVA Fund believes that successful effectiveness in the design of our various programs considerably lies in the adoption of a Kaizen approach that enhances our financial models, as well as the experiences of all involved creative enterprises. And so, we invited beneficiaries of the Cultural Heritage Seed Fund and Women in Creative Enterprise to an Engagement and Breakfast Forum on Saturday 6th July at Tribe Hotel. This was also as a followup to our meeting to celebrate their selection as our first cohorts in both funds, which was graced by the Honourable Cabinet Secretary for Sports and Heritage, Amb. Amina Mohamed.

Facilitated by HEVA’s Dr. Njoki Ngumi, the interactive session was a much anticipated chance to further orient the cohort to the respective funds, gain feedback and note suggestions of improvement for these pilot facilities. Also in attendance were our partners from British Council and, Goethe Institute as well as documenters from and Afrofilms International.

Nehemiah Kabugi, HEVA Accountant, and Mars Maasai, our Head of Research & Insights, used the beginning of the session to familiarise the over 30 attendees with the financial reporting and communication frameworks. The grant/loan hybrids were earmarked to go towards both business and non-business needs, needing a uniform and well-documented process of accountability from the onset.

Further discussion was then steered by beneficiary dialogue on the undergone application process. By breaking up into mingled groups, the intention was to unearth sundry points of commonality and notability in experience of the pitch, due diligence, communication of the process, financial modelling and contracting. This included learnings, areas of enjoyment and ease as well as challenges.

Many encouraged future, regular, informal symposia which impart updates on the creative industry and current projects of the individual businesses. There was a keen interest in further training. This was particularly on the often sensitive subject of financials. Despite some suggested improvements, this area has mostly been found to be “helpful and illuminating.”

The salient points of communication around support strategies and shared opportunities also featured in the discussion of future engagements. It was highly encouraging to hear that beneficiaries saw possible openings for symbiosis among themselves, “We are target markets for each other in here and we have access to other target markets…” creating other verticals of growth and even collaboration.

The Creative Heritage Seed Fund and the Young Women in Creative Industries Fund beneficiaries are off to a great start, and we wish them well in our investment journey together!