No Fixed Amount
Type of Program:
Funding under the Showcase component must be used to support a performance for a target audience of music industry professionals. FACTOR defines an eligible showcase as a performance for a target audience of music industry professionals more so than the general public. They are often part of a larger music industry event or conference.
All Comprehensive Music Company Sound Recording component applications must include the creation or licensing of a new, previously unreleased qualifying album.
Comments on Funding:
Funding under this component is at up to 75% of the total eligible budget of the Comprehensive Music Company application or the lesser of a. the approved offer or b. the final subsidy calculation plus administration fee.
The funding limit for the Showcase component is $7,500 per artist of which a maximum of $5,000 can be spent on domestic showcasing and up to the full $7,500 on international showcasing, across all programs. This means that regardless of what program you apply under, or which Applicant applies, the amount of Showcase funding available for the artist will not exceed $7,500 in each FACTOR fiscal year.
Comprehensive Music Company funding is divided into two phases.
In Phase 1, the maximum available funding is $82,500 per project.
In Phase 2, you may receive an additional $40,000 per project, provided that the funded sound recording has met the qualifying threshold* for the genre. Note that Phase 2 funding must be applied for within the later of two years from the original submission date or six months after the commercial release of the sound recording. Phase 2 funding is only available if the fiscal year maximum has not already been met.
Recipient Accessibility Support Fund: FACTOR grant recipients are eligible for top-up support to their project funding of up to $5,000 each fiscal year, not to exceed $5,000 per project for costs related to accessibility. Eligible costs claimed under this fund will be reimbursed at 100%.
When It Ends:
Create and submit on Factor online system: a User Profile ((log-in data), an Applicant Profile (data of the person or the company who will be legally and financially responsible for the funded project).
Must have a reviewed and rated Applicant Profile and access to an Artist Profile (something very similar to a CV, information on the artist and his work).
- 1A budget and/or complete project details has/have to be submitted online each time the applicant requests funding for a component of its project, including a description of the goals, expected results, and timelines for completing each component and the project as a whole. Applicants must provide specific details as to the strategic merits of the showcase in the Goals section of the application (a list of industry personnel whom he invited to the showcase, including their name, title and company).
- 2A signed agreement or deal memo for hired musicians and eligible crew must be submitted. It should set out at a minimum the names of the contracting parties, a description of the services to be provided, the rate of pay, and the dates for which the person is being hired. A Sample Deal Memo is available on the FACTOR website.
- 3All applications must include the Sound Recording component.
- 4The Showcase component can be sent for approval in the same application or in subsequent ones. Multiple, repeat component applications are possible as appropriate for the project’s timeline, subject to the program or annual limits.
- 5All other sections of the Completion (including Results, Component Information and Public Funding) have to be completed.
- 6In addition, to complete the component and receive the final payment (if any), recipients must:
- 7a cost report and supporting expense documentation are required upon Completion for virtual Showcase components. Please refer to FACTOR’s Virtual Performances Guide for more information.
- 8up to three Letters of Direction, if they prefer to have FACTOR pay certain suppliers directly.
For in-person Showcase components approved after April 1, 2020, a cost report and supporting expense documentation do not need to be submitted upon Completion. However, FACTOR reserves the right to request this information and perform a full or partial audit after reviewing the Completion. Failure to comply could result in a lowered offer or default status in the FACTOR system. Please ensure that you keep invoices, receipts, and proofs of payment for eligible costs.
Other Things to Note:
Program guidelines for 2021-2022 were published in July 2021.