Culture Channel

Portuguese streaming platform for cultural content.

Investment overview

Impact category

Social economy

Investment type

Loan

Yearly interest

4.46

Term

months

Risk level

B-

What will you be financing?

Founded in 2019, Letrasímpares, Lda, is a company that aggregates a series of brands whose business areas focus on the publishing market, content production, and coworking.

The company managed to raise 187,110€ through a European fund, granted by the Ministry of Cohesion, the +Coeso fund. The funds raised through Goparity are intended to be used as an advance since the amount of the +Coeso fund will be released in tranches between 2021 and 2023.

The 25,000€ raised will be used to purchase audiovisual and live streaming gear to broadcast live content on Canal Cultura, which is scheduled to launch on January 8, 2022. The funds will also be used to hire three people who will be based in the Alto Alentejo region, at the Cowork BC8 space in Elvas, another project created under Letrasímpares.

According to Paulo Lavadinho, the founder of the project and Executive Director of Letrasímpares, the channel aims to be the "Netflix of culture", a non-linear television platform with OTT technology (Over the Top), better known as streaming. A custom channel accessible by all digital devices: Smart TV, Tablets, Smartphones, Laptops, and Desktops. Available for Android, IOS, Android TV, Apple TV, and Web.

What is the impact?

Direct:

Creation of job opportunities: by funding the Culture Channel, three jobs will be created, aiming to retain talent in the areas of journalism, tourism, and management in the Alto Alentejo region. 
Supporting entrepreneurship, creativity, and innovation: with an investment in the entrepreneurial and creative scene of the Alto Alentejo region, which is the sub-region of the Alentejo with the largest population decrease in the country.

Indirect:

Promoting local development: hiring workers based in the Alto Alentejo region will encourage the development of the region. The promoters of the project are hiring regional services and purchasing local products primarily. In addition, they will be live streaming the first Conference on Alto-Alentejo’s Growth, to reverse the region's depopulation situation. 
Promotion of arts and culture: alongside making non-mainstream European and world cultural content available, Canal Cultura will also focus on promoting regional and Portuguese culture. Access to cultural content is considered a promoter of human welfare and education.

Impact indicators
‍

CO2 avoided per year

clean energy

created by our projects

of sustainable

impacted

Contribution to the Sustainable Development Goals
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About the Promoter

About

LETRASÍMPARES LDA

Direct:

Creation of job opportunities: by funding the Culture Channel, three jobs will be created, aiming to retain talent in the areas of journalism, tourism, and management in the Alto Alentejo region. 
Supporting entrepreneurship, creativity, and innovation: with an investment in the entrepreneurial and creative scene of the Alto Alentejo region, which is the sub-region of the Alentejo with the largest population decrease in the country.

Indirect:

Promoting local development: hiring workers based in the Alto Alentejo region will encourage the development of the region. The promoters of the project are hiring regional services and purchasing local products primarily. In addition, they will be live streaming the first Conference on Alto-Alentejo’s Growth, to reverse the region's depopulation situation. 
Promotion of arts and culture: alongside making non-mainstream European and world cultural content available, Canal Cultura will also focus on promoting regional and Portuguese culture. Access to cultural content is considered a promoter of human welfare and education.

Promoter website

https://www.letrasimpares.pt/

Business Model
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