Ontario Creates – Ontario Music Investment Fund – Live Music
Description:
The OMIF Live Music stream supports businesses and organizations that produce or promote live music events featuring Canadian artists, including eligible music festivals and concert series. The Live Music stream will provide funding to increase the number and quality of live music experiences (e.g. events, festivals and concerts*) that can be experienced by residents in and visitors to Ontario.
Comments on Funding:
Funding is available in the form of a direct grant:
- up to 50% towards the cost of eligible activities
- the maximum funding is 40% of the company’s two-year* average of total revenue to a maximum cap of $125,000. The minimum OMIF amount that can be requested is $10,000.
Applicants must have minimum annual revenues of $25,000.
* Due to the potential negative impact that COVID-19 may have had on a company’s 2021 and 2020 revenue levels, Ontario Creates will consider calculating a company’s maximum OMIF request based on 40% of their three-year average revenue figure rather than a two-year average.
Eligibility:
Applicants must:
First–time applicants and applicants intending to apply to both OMIF and the Reconnect Ontario are strongly encouraged contact the OMO a minimum of two weeks ahead of the application deadline to discuss their eligibility and/or funding restrictions.
Applications Steps:
Documentation Needed:
Applicants must submit the following:
- Activity Budget (template provided);
- Activity Details and Plans for each proposed activity (questions provided in OAP application);
- Company Budget;
a) for comparative purposes, the company budget must include both actual revenues and expenses for the previous fiscal period as well as a forecast of revenues and expenses that correspond to the current fiscal year, and/or to the end of the applicant’s proposed spending window. - Business Plan (see requirements);
- Articles of Incorporation;
- Financial Statements for the two most recently completed fiscal years.
- Back up confirmation to support confirmed or pending financing;
- Signed Related Party Transaction form; and
- Signed Applicant Affidavit.
Other Things to Note:
The previous deadline was on October 20, 2022.
Program Contact:
When It Ends:
Ongoing
Deadline:
Next deadlines to be determined