I’m scared of numbers and not actually in a position to be mapping out finances for my own fashion design collection, or someone elses, so today’s topic was naturally intimidating. But Raf Vermeiren of CultuurInvest, a cultural loan and investment firm tried to demystify the process of building cash flow and business plans using examples in forms of the kind of figure charts and graphs you’d expect to see in MBA classes. As much as I try to admit that I hated it, this is an essential aspect of the industry so I did my best to keep my focus. While the topic was dry, CultuurInvest is a fascinating company that has been bankrolling creative endeavours for the past five years. Over this time, 52 out of 500 applying companies in fashion, media, gaming, indie music, arts and the entertainment sector have found life thanks to them. But let’s not forget to state some caveats before thinking of applying for a loan, CultuurInvest will only invest in Belgium-based businesses that are demonstrating serious growth potential, with commercial backing on board. Despite it all, this is pretty amazing. I can’t think of any such agencies that do this at home in Canada.
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