Tempora is redefining exhibitions by seamlessly managing everything from research to logistics, creating immersive cultural experiences. To tackle financial challenges in large-scale projects, the company secured an EU-guaranteed loan from St’art, backed by the EIF. This support enabled Tempora to expand its operations while continuing to bring knowledge and history to life.
Planning and setting up an exhibition is a massive and often daunting task. The requirements can range from the concept to the research, the logistics, transport, administration and finance – to name but a few dimensions.
Integrated exhibition planning
Tempora, a company based in Forest, Brussels, is a one-stop shop for exhibitions. “We carry out the whole process in-house. We collect and organise the material, research, arrange the logistics and advertising, and, finally, put up the exhibition. Because we integrate everything into our approach, we’re cost-effective.” explains Raphael Remiche, Chief Financial Officer of Tempora. “We want to make sure our exhibitions enhance visitors’ knowledge and offer memorable life experiences,” he adds.
Tempora has become a reference point in the world of museums and cultural heritage, having put on exhibitions like ‘C'est notre histoire! – 50 ans d'aventure européenne’ or more recently ‘Islam, It’s also our history’.
Solving cashflow issues
However, organising and transferring a large exhibition can be a very complex and demanding process that puts a lot of pressure on the company’s finances. “It can take approximately two years to collect the material and prepare an exhibition,” says Raphael, “and that entails a lot of costs that we have to endure before the first ticket is sold. This leaves us with a significant cashflow problem.”
Thanks to an EU-guaranteed loan from St’art, backed by the EIF under the Investment Plan for Europe, Tempora was able to solve the cashflow issue and keep developing other sides of the business, such as investing in a new workshop, whilst maintaining their commitment to ongoing exhibitions.
Spreading culture
“We wouldn’t have been able to do this if we had had to devote all of our financial resources to covering the costs of a large exhibition, like ‘Pompei: the immortal city’ which we took to the USA,” adds Raphael. “This allows us to multi-task and keep developing the business. Ultimately, we want to continue making knowledge available to as many people as possible.”
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