100 Funds

UNESCO Alternative Funding Models for Heritage Communities
How can alternative funding models better support communities who actively create and maintain heritage, often outside formal institutional frameworks? Together with UNESCO Netherlands and 100 Funds, we investigated a range of funding models that are aligned with Faro Convention principles, which center heritage within citizens' right to participate in cultural life and as a resource for human and economic development. New Silk Roads contributed to the brochure by providing guidance on innovative financing and governance models from lease-to-own mechanisms and non-extractive loans to participatory grantmaking and p2p art publishing and financing platforms. The brochure (in Dutch) can be found here.

Impact Investing Feasibility Study in Ethiopia
New Silk Roads conducted a multi-dimensional feasibility study on establishing an impact investment fund within Ethiopia’s emerging capital market. This study utilised extensive desk research, secondary source analysis, and key informant interviews with key regulators and financial institutions to analyse the "missing middle" financing gap.
To validate this initial assessment, we hosted a two-day workshop in Addis Ababa with key stakeholders. Based on this workshop, we are currently structuring a blended finance model that includes local-currency deployment, offshore de-risking, and a technical assistance facility. Our team is also providing support to secure catalytic capital and donors to launch this first-of-its-kind vehicle for growth-stage SMEs in Ethiopia.

DOEN: Impact Investment in Arts and Culture
New Silk Roads conducted a feasibility study for DOEN Ventures for a new impact investment fund for the cultural and creative sector in Europe. Together with 100 Funds, we interviewed over 40 impact investors, artists, and cultural entrepreneurs to discuss the opportunities and challenges for impact investment in arts and culture, specifically in the Netherlands. Subsequently, New Silk Roads is advising DOEN Ventures, Moleskine Foundation, and Opes Impact Fund with setting up the impact investment fund for culture and creativity in Europe, sourcing investible cultural ventures in Europe, and making introductions to potential LPs.
Read the full study here.
