FreeYourMind Heritage Hub

Company Name/Description

FreeYourMind Heritage Hub

Countries of Operation

Namibia

Ownership of Company:

Namibian

Number of years since incorporated

Upon Request

Project Pitch

Free Your Mind Heritage Hub Free Your Mind Heritage Hub will be established in Windhoek, Namibia, as a multilayered creative industries and co-working centre designed to serve as a dynamic interface between creative practitioners, digital professionals, and clients. The Hub aims to document, showcase, and advance the evolution of Namibia’s creative sector since 1990, while actively supporting contemporary creation, production, and creative enterprise. Conceived as a living heritage and innovatio

Team

Upon Request

Type of Project

Private Company project

Stage

Currently at a growth and expansion stage

Employment

Temporary: 3,022

Permanent: 28

Seasonal: 55

Annual Revenue (in EUR)

Upon Request

Total Project CAPEX (N$)

7,040,000 NAD

Source of Current Income and Use of Capital:

Monthly comedy, music, and public discussion events; we have client bookings and donor funds.

Financing needs (N$)

~ 7,040,000 NAD

Type of financing needed / The Company is looking for:

Debt, Equity Funding, Joint Venture

Planned allocation of fundraising capital

Notes Building Conversion & Fit-Out (NAD):

• 3,500,000 - Includes structural upgrades, interior fit-out for all spaces Technical Equipment
• 1,200,000 - Sound, lighting, AV, IT, furniture, studio equipment Programme & Exhibition Setup
• 600,000 - Displays, archival, creative production materials Hospitality / Restaurant Setup
• 800,000 - Kitchen, bar, furniture, licensing, initial stock Marketing & Launch
• 300,000 - Branding, website, launch event Contingency (10%)
• 640,000 - Covers unforeseen expenses Total Estimated Capital

Required: ~ 7,040,000 NAD Note: This estimate covers initial development to operational readiness, with phased upgrades over 10 years for full functionality. The amount is conservative and excludes revenue-generating operational costs, which will be covered through self-sustaining activities.

Feasibility/Due Diligence

Technical: Not completed

Financial: Comprehensive business and financial model has been developed.

Environmental: Project does not require EIA