Ontario Music Fund – Music Futures – Ontario Creates

ByMaurice
  • This program is currently closed.

Description:

The Music Futures stream of the Ontario Music Fund is aimed at stimulating entrepreneurship and providing support to develop Ontario’s diverse and emerging music industry, including artist entrepreneurs which have the potential to grow professionally.

Comments on Funding:

Funding is up to $25,000 per funding cycle.

Eligibility:

Applicants must be:

  • Be Canadian-owned music promoters/presenters or booking agents with annual eligible revenues between $30,000 and $100,000,
  • Be incorporated in Canada, or in the process of incorporating or have a Master Business License (official Government of Ontario business registration documentation),
  • Have a permanent establishment in Ontario which serves as head office and base of operations
  • Have key management personnel who are Canadian citizens or permanent residents of Canada living in Ontario
  • He financially solvent and an ongoing entity,
  • Be in operation for at least two years prior to application; and
  • Be in good standing with Ontario Creates at time of application.

Applications Steps:

All applications must be submitted electronically through the Ontario Creates Online Application Portal (OAP) at https://apply.ontariocreates.ca.

Documentation Needed:

Applicants must submit:

  • Business and activity plans
  • Financial statements for two fiscal years are required and at a minimum, and must include a Balance Sheet and an Income Statement
  • Company budget
  • Articles of Incorporation
  • Back up confirmation to support confirmed or pending financing,
  • Certificate of Insurance listing Her Majesty the Queen in Right of Ontario and Ontario Media Development Corporation (which remains the legal name for Ontario Creates) as additional insured parties,
  • Documentation indicating that eligibility requirements have been met,
  • Signed Related Party Transaction form, and
  • Signed Applicant Declaration.

Other Things to Note:

Closed in 2020.

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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