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OMIF – Music Industry Initiatives

FUNDING DEADLINES

Music :

Music Creation

Deadline

September 23, 2020
5:00 PM EST

Music :

Music Industry Initiatives

Deadline

October 29, 2020
5:00 PM EST

Music :

Global Market Development for Music Managers

Cycle 1

August 6, 2020
5:00 PM EST

Cycle 2

October 6, 2020
5:00 PM EST

The OMIF Music Industry Initiatives (MII) stream provides support to Ontario's established music trade associations and organizations to offer initiatives, events and activities that strengthen, support and stimulate the economic and cultural growth of Ontario's music industry.

MII will provide funding to successful applicants that engage in strategic and collective initiatives with long-term impacts on growth and sustainability in the music sector by building market share, sales, innovation and regional capacity. Eligible activities include: professional development, training, business analytics and export activities (including showcasing Ontario talent).

Support is also available for music managers engaging in export/international business development activities. For more information, click here: Global Market Development for Music Managers.

Funding is provided in the form of direct grants towards costs of eligible activities. The OMIF Music Industry Initiatives stream requires applicants to provide a matching contribution to ensure that maximum ROI is achieved from provincial investment. Exceptions to the contribution amount may be considered on a case-by-case basis. Applicants must demonstrate clear, measurable outcomes which align with the objectives of the MII stream.

Deadlines & Funding

The OMIF Music Industry Initiatives stream has a continuous application intake. Applications may be submitted until October 29, 2020 by 5:00 PM EST.

  • Activities must take place between August 1, 2020 - July 31, 2021
  • For activities that are event-based (e.g showcases, conferences) applications must be submitted 12-weeks in advance of the event.
  • The maximum funding request is $300,000. The minimum funding request is $10,000.
  • Applicants may submit more than one application to this program, provided the total funding request does not exceed the maximum funding amount of $300,000.

Ontario Creates understands that in light of COVID-19 impacts, future planning is challenging at this time. Flexibility and leniency will be provided to the extent possible.

Eligible Applicants

Music Industry Trade Associations and Music Service Organizations

Music Managers: please visit Music Industry Initiatives: Global Market Development for Music Managers.

Note: Full eligibility requirements can be found in the MII Guidelines.

Application Process

IMPORTANT: First-time applicants must contact the OMO at least three weeks ahead of the application deadline to discuss eligibility. Email inquiries to OMO@ontariocreates.ca.

  • Applicants must submit their applications electronically through the Ontario Creates Online Application Portal (OAP) at https://apply.ontariocreates.ca.
  • Applicants that do not have a user account on OAP should go to https://apply.ontariocreates.ca/ and click on “Register.” For assistance, please see Ontario Creates’ website for the “OAP Quick Start Guide”.
  • For technical assistance, please contact the OAP Helpdesk at applyhelp@ontariocreates.ca.
  • Applicants are strongly encouraged to begin the application process early to allow ample time to compile and complete the necessary information. The application can be worked on over time and save information as it is entered. Once saved, you can go back to edit and/or add information up until the time when the application is actually submitted.

Late applications will not be considered for funding.

Prior discussion with Ontario Creates regarding the eligibility of an activity does not guarantee funding.

Information Session

Interested applicants are strongly encouraged to attend an Ontario Creates Information Session. Please complete the online registration form by 5:00 pm ET on the day prior to the Information Session. Unregistered guests will only be accepted if space permits.

Webinar

REGISTRATION CLOSED

Date:

Monday, June 29, 2020

Time:

2:00 PM - 3:00 PM EST

Enquiries

Program Coordinator, MII
416-572-0436
OMO@ontariocreates.ca

Enquiries regarding the Online Application Portal (OAP) should be directed to applyhelp@ontariocreates.ca

To receive notification of upcoming deadlines and program updates, please register with your complete contact information, including your full name, company name and telephone number, as well as the name of the program that you are interested in.

Frequently Asked Questions


OMIF - General

  • Yes. The Ontario Music Investment Fund (OMIF) replaces the Ontario Music Fund (OMF). In 2019-20, the Ontario Government undertook a review of the Ontario Music Fund with a view to modernization and targeting funding to activities with the highest return on investment (ROI), and with a focus on supporting emerging artists.

  • The Music Creation stream launched on May 29, 2020.
    The Music Industry Initiatives stream launched on June 18, 2020.
    The Live Music stream will launch in late summer 2020.

  • Music Creation:
    Eligible applicants can apply to ONE of the following two deadlines:
    Thursday, July 23, 2020 5:00 PM ET
    for activities taking place during an eligible activity window of August 1, 2020 to July 31, 2021.
    OR
    Wednesday, September 23, 2020 5:00 PM ET
    for activities taking place during an eligible activity window of October 1, 2020 to July 31, 2021.

    Music Industry Initiatives: to be communicated on June 18, 2020.

    Live Music: to be communicated in late summer 2020.

  • The program provides support through three program streams – applicants include:

    • Music Creation — eligible domestic and multinational record labels and domestic music publishers.
    • Music Industry Initiatives — eligible music industry organizations or music service associations.
      • Music Managers are eligible for export/market development support.
    • Live Music — eligible live music promoters and presenters.
  • Ontario Creates understands that COVID-19 has created many challenges across the creative industries. To help address some of these challenges, COVID mitigation measures for programs that are in progress have already been introduced, and these will extend to all 2020-21 programs including the Ontario Music Investment Fund.

    • Activities may address necessary COVID-19 responses, in keeping with program objectives. Companies will be permitted to budget funds for operations-related costs, including salaries related to COVID-19 impact mitigation. Activity outcomes should account for these types of necessary expenses. Business plans should describe the impacts of COVID-19 on your company and your recovery strategy.
    • In lieu of travel/export-related expenses that may not be possible due to COVID-19 restrictions, the cost of participating in virtual activities/events that facilitate international business and audience development will be eligible, including costs associated with the preparation of marketing materials.
    • As the COVID-19 situation evolves, successful applicants will be permitted to make activity changes as necessary, that align with program objectives.

    Flexibility and leniency will be provided to the extent possible. Activity changes will be permitted in cases of activity cancellation due to COVID-19, and expenditures will be permitted to occur within a reasonable timeframe beyond the originally contracted period. In all cases, please contact a Program Consultant at the Ontario Music Office to discuss the specifics of your circumstances and deliverables.

OMIF - Technical

  • Appendix 1 of the Music Creation Guidelines outlines the eligible applicant types. Core business revenue for record labels refers to revenue from physical products (CD/DVD/vinyl/merchandise); revenue from digital sales and streaming services; revenue from licensing and sale of rights and permissions (domestic and international); and revenue from commissions and fees from related activities. Core business revenue for music publishers refers to revenue from licensing and sale of rights and permissions; and revenue from commissions and fees from related activities.

  • Activities in the Music Creation template for music companies mirror those in the showcasing, and business development. Information can also be entered on a by-project basis, as long as each project documents the relevant activities.

  • Financial statements for the most recently completed fiscal year and the previous fiscal year, for a total of two sets of financial statements are required.
    Financial statements must be supplied within six months of the applicant’s fiscal year-end (i.e. applicants with a December 31 year-end are expected to supply 2019 and 2018 financial statements by the application deadline).

  • Financial statements must be supplied within six months of the applicant’s fiscal yearend (i.e. applicants with a December 31 year-end are expected to supply 2019 and 2018 financial statements by the application deadline).

    • A minimum of Notice-to-Reader financial statements will be accepted. Notice-to-Reader financial statements must be prepared and signed by an accountant who is a member in good standing of a provincial branch of the Chartered Professional Accountants (CPA).
    • Review engagement or audited financial statements are required for requests of $150,000 or more, and must be conducted by an independent public accountant.
  • “Permanent establishment” generally refers to a fixed place of business. However, whether a fixed place of business is a “permanent establishment” is a question of fact which ONTARIO CREATES | ONTARIO MUSIC INVESTMENT FUND - FAQs 5 must be determined on a case-by-case basis. In interpreting the term “permanent establishment”, the courts have considered factors such as: the degree of the corporation’s control over the place of business, the degree of continuity and permanence of the place of business and the presence of personnel and routine activities.

  • A “Canadian Artist” must be a Canadian citizen or have landed immigrant status. A Canadian group is defined as having more than one member, at least half of whom are Canadian citizens or permanent residents.

  • Canadian-controlled corporation” is generally a corporation that is more than 50% owned by Canadians, as determined under sections 26 to 28 of the Investment Canada Act (Canada).

  • To be considered Ontario-based, the company must be registered in Ontario and have a permanent office in Ontario.

  • Air travel should be budgeted at economy rates and should reflect the costs of booking at least 30 days in advance of travel. Accommodation expenses should be at moderate per night rates and should reflect the average for the travel destination/activity, and per diems are capped at C$75/day for domestic travel and C$100/day for international travel (including daily meals and incidentals).

  • As outlined in the OMIF Guidelines, costs related to capital expenditures (i.e. equipment, software) are restricted to specific circumstances. In the circumstances where costs related to capital expenditures are permitted to be included in the activities budget, an applicant can only include the “amortization expense” related to the cost of the capital expenditure. Where a capital asset has been rented, the actual rental cost is permitted for inclusion.

    The amortization expense for each capital expenditure must be calculated using the prescribed amortization method outlined in each program stream guideline (i.e. straightline method, % of cost). See the applicable guidelines to determine the maximum amount of amortization expense that is eligible to be included in the activities budget.

  • No. Taxes that are recoverable by the applicant may not be included in the Activities Budget or claimed as an Eligible Cost in the final cost report.

  • Related parties exist when one party has the ability to exercise, directly or indirectly, control, joint control or significant influence over the other. Two or more parties are related when they are subject to common control, joint or common significant influence. Related parties also include management and immediate family members.

    A related party transaction is a transfer of economic resources or obligations between related parties, or the provision of services by one party to a related party, regardless of whether any consideration is exchanged. The parties to the transaction are related prior to the transaction. When the relationship arises as a result of the transaction, the transaction is not one between related parties.

    Control of an enterprise is the continuing power to determine its strategic operating, investing and financing policies without the cooperation of others.

    Joint control of an economic activity is the contractually agreed sharing of the continuing power to determine its strategic operating, investing and financing policies.

    Significant influence over an enterprise is the ability to affect the strategic operating, investing and financing policies of the enterprise.

    [This definition is quoted directly from the CICA Standards & Guidance Collection paragraph 3840.03.]

  • One corporation is associated with another in a taxation year if, at any time in the year:

    • One of the corporations controlled, directly or indirectly in any manner whatever, the other;
    • Both of the corporations were controlled, directly or indirectly in any manner whatever, by the same person or group of persons;
    • Each of the corporations was controlled, directly or indirectly in any manner whatever, by a person and the person who so controlled one of the corporations was related to the person who so controlled the other, and either of those persons owned, in respect of each corporation, not less than 25% of the issued shares of any class, other than a specified class, of the capital stock thereof;
    • One of the corporations was controlled, directly or indirectly in any manner whatever, by a person and that person was related to each member of a group of persons that so controlled the other corporation, and that person owned, in respect of the other corporation, not less than 25% of the issued shares of any class, other than a specified class, of the capital stock thereof; or
    • Each of the corporations was controlled, directly or indirectly in any manner whatever, by a related group and each of the members of one of the related groups was related to all of the members of the other related group, and one or more persons were members of both related groups, either alone or together, owned, in respect of each corporation, not less than 25% of the issued shares of any class, other than a specified class of the capital stock thereof.

    [This definition is quoted directly from Subsection 256(1) of the Income Tax Act (Canada)].

  • A recoupable expense is an amount of money, and/or the cost of goods or services that is offered to an artist in a recording, license, publishing, performance or any service agreement; the recoupable amount is then paid back to the record label or publisher, usually at the rate of the artist’s share of royalties and/or other form of earnings. Recoupable amounts are generally paid back to the offer in first position, meaning that the artist receives no royalties until recoupment.

    Applicants will be required to clearly state recoupable expenditures where applicable. OMIF funding provided to eligible Applicants for artist expenditures and investment may be nonrecoupable in certain cases.

  • For consistency, OMIF will recognize all FACTOR funding as 50% public and 50% private. Radio Starmaker Fund is 100% private. Applicants should list the applicable funding from these entities in the appropriate lines in the Financing Sources section of the Activity Budget Financing Plan.

  • Business Plans must contain, at minimum, the following components:

    • Applicant profile (company history, the team, and description of the unique space you fill in the marketplace)
    • Overview of business activities, including and short/long-term goals. Outline competitive strengths, artist development strategies, human resources, corporate financing and other key details
    • A S.W.O.T. analysis (strengths, opportunities, weaknesses, threats) that demonstrates your knowledge of the market conditions in which you are operating
    • Case for Eligible Activities to be Funded: How can these activities take you to the next level? We want to help you grow beyond what you’re already doing…. Present a clear picture of how, with our assistance, you can make this happen. (essentially we are looking for an analysis of how OMIF support will contribute to company growth and long-term potential; how your company demonstrates the capacity to undertake the proposed activities, and what the anticipated outcomes are for activities. (you can refer to Appendix 2 of the guidelines for a list of potential Measurable Outcomes that you could speak to in your business plan).

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