Company Envelope: Mid-Tier

By mmuise
Description:

Company Envelope: Mid-Tier funding is intended to serve businesses between FACTOR’s entry level Support for Eligible Music Companies programs and the Company Envelope: Top-Tier program. This program is allocated once a year for recipients to undertake a suite of activities fostering the development of Canadian artists and the promotion of their music.


Comments on Funding:

The maximum funding level for individual companies is up to $100,000; affiliated companies are capped at $150,000.

Deadline: Applications are closed. Stay tuned for future intake announcements.
Eligibility:

Applicants must be:

  • Canadian companies which invest in:
    a) the production and promotion of sound recordings by Canadian artists;
    b) tours and showcases by Canadian artists;
    c) publishing of Canadian musical works; and,
    d) the management of Canadian artists.
  • eligible companies, including:
    a) record labels,
    b) music publishers, and
    c) artist managers.
  • Companies which undertake concert production activities may be eligible if they demonstrate responsibility (i.e. artistically and financially) for all aspects related to the live activities of their artists. This relationship must be enshrined in a contract between the company and their artists.
  • Additional specific eligibility requirements be given every fiscal year.
Application Steps:

Applicants must submit the Application Form (Excel spreadsheet) - uploaded to Component Information tab in application component.

Documentation Needed:

Applicants must submit:
1. the completed application form;
2. Business Plan (PDF) - uploaded to Component Information tab in application component.
3. Financial statements for the past 3 fiscal years (PDFs) - uploaded to Gross Revenue section of Applicant Profile.
- Financial statements must be prepared by a Chartered Accountant. FACTOR will accept audited financial statements, review engagement reports, or notice-to-reader/compilation engagement reports.

Other Things to Note:

Application Deadline: June 1, 2023, 5:00 p.m. Eastern Time for activities taking place from April 1, 2023 – March 31, 2024. (Check back the website for future application intakes).

About the author
mmuise