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Tūātea is our next-generation Wave social investment fund, designed to provide targeted assistance for those striving to create a thriving business, ensuring their passion and determination are met with the tools needed to succeed.
Tūātea, with the right support and belief, will enable whānau to turn challenges into opportunities, reaching ‘Te Tai o Angitu’ – the tide of success.
Applications open Monday, December 2, 2024 and close on February 12, 2025.
Keep scrolling for more information and to register to attend one of our upcoming funding workshops, happening around the motu throughout November.
Tūātea, with the right support and belief, will enable whānau to turn challenges into opportunities, reaching ‘Te Tai o Angitu’ – the tide of success.
In 2014, Te Pūtahitanga o Te Waipounamu introduced an innovative direct investment approach to commissioning with the launch of The Hothouse incubator, which invited whānau to share their dreams, aspirations and their own flax-roots whānau-driven solutions.
That inaugural Hothouse attracted more than 200 applications and from this pilot, our cornerstone WAVE social impact investment stream was launched. Since then, each funding ‘wave’ has come to represent the unstoppable momentum of change that derives from whānau strength.
Over 18 rounds, Wave funding has supported 705 whānau initiatives with an approximate investment of $34.21 million. This unique commissioning pipeline has been “at the cutting edge of innovation in the Whānau Ora commissioning context,” standing out for its focus on social entrepreneurship.
Since its inception a decade ago, the Wave investment stream has grown to become particularly popular with whānau enterprise ventures. As an example, earlier this year, the Wave 18 funding round received 240 completed applications; of these 80% were business-focused initiatives.
Tūātea responds accordingly, providing targeted assistance for those striving to create a thriving business, ensuring their passion and determination are met with the tools needed to succeed.
Te Pūaha
Te Pūaha is for applications up to $20,000. You do not require a legal entity to apply for this category. However, you will be required to establish a legal entity or have an entity umbrella your initiative if you are successful.
Te Pūkarukaru
Te Pūkarukaru is for those who are not yet registered as legal entities or who have been operating for less than 12 months. This includes applications that will be under the umbrella of another legal entity. This category is for applications between $20,000 and $80,000.
Te Pukenga
Te Pukenga is for entities who have been legally registered for longer than 12 months. Applicants under this category will be required to upload their most recent annual financial reporting. This category is for applications between $20,000 and $120,000.
We’re hitting the road ahead of applications opening on December 2, 2024 to give whānau the chance to be even better prepared!
We will be covering Tūātea, as well as our other upcoming investment streams, Kōanga Kai and Tai Neke, Tai Ora.
Please share the word and come along if you would like support developing a pakihi plan, a budget, or an implementation plan. It doesn’t matter if you have a dream, an idea or a full-fledged business plan, all are welcome!
Māu te ara, kia ora ai te whānau.
Mauri ora!
These resources will help you with your application
Watch these previously funded kaupapa
“With Te Pūtahitanga, you develop long-term relationships with like-minded individuals who understand Māori. They help you reach your goals. They encourage and support you to reflect, to grow, to progress.”
