4. Economic Model

4.1 Revenue Projections

Year	Exhibitions	Avg License Fee	Annual Licenses	Gross Revenue
1	50	€800	200	€160,000
2	150	€1,000	800	€800,000
3	400	€1,200	2,000	€2,400,000
4	800	€1,500	4,500	€6,750,000
5	1,200	€2,000	10,000	€20,000,000

4.2 Artist Economics

At Year 5 targets:

• 500 artists in network

• 10,000 annual licenses

• €20M gross revenue

• €8M to artists (40%)

• Median artist income: €12,000/year from NT alone

This represents supplemental income enabling artistic practice, not replacement for all income sources.

4.3 Path to Sustainability

Month 6:  First license revenue
Month 12: €100K cumulative revenue
Month 18: Operations self-sustaining ← TARGET
Month 24: Commission fund generating new exhibitions
Month 36: €1M+ annual artist payments

4.4 Unit Economics

Metric	Value
Cost per exhibition onboarding	€2,000
Average lifetime licenses per exhibition	20
Average license fee	€1,200
Lifetime revenue per exhibition	€24,000
Operations share (30%)	€7,200
ROI per exhibition	260%