Convergent Stream: First Come, First Served Programs: Predevelopment Program

By mmuise
Description:

The Predevelopment Program, which is part of CMF’s Convergent Stream, allocates funding to Eligible Projects at the beginning of a Project’s creative process. Eligible Projects are awarded funding on a first-come, first-served basis until resources for the Program are depleted or until the application deadline, whichever comes first.


Comments on Funding:

Funding will take the form of non-interest bearing advances and shall be the lesser of 84% of the Eligible Costs or $46,000.
100% of the Eligible Project’s advance must be repaid on or before the earliest applicable event of repayment as described here:
i) The first day of official preparation for principal photography of the Eligible Project (regardless of the platform for which it is produced) or upon other use of the script; or
ii) The transfer, sale, assignment, or other disposition of the script.

Deadline: December 7, 2023
Eligibility:

The applicant must be a production company that:

  • is a for-profit (i.e., a taxable Canadian corporation, within the meaning of Canada’s Income Tax Act) production company;
  • is Canadian-controlled as determined in sections 26 to 28 of the Investment Canada Act;
  • has its head office in Canada;
  • has both:
    a) a writing agreement with a writer for a project that meets the CMF’s definition of an Eligible Project; and
    b) a letter of interest from one of the following:
    i) a Canadian Broadcaster;
    ii) a participating and eligible Canadian provincial funding agency.
    .
Application Steps:

Applicants must:

1. carefully review the program guidelines and all reference documents before submitting an application;

2. review the PERSONA-ID by Program document to confirm if the program requires them or their team to register to the CMF PERSONA-ID Self-identification system;

3. register online to create their Dialogue accounts on the Telefilm website and complete the funding application;

4. sign the contract, if the project is approved.

Documentation Needed:

Applicants must submit:
1. a completed dialogue application form with persona-id # entered in the applicable sections;
2. letter of interest;
3. standard predevelopment budget;
4. transfer of rights agreement, if applicable;
5. signed writer(s) agreements optional at time of application;
6. declaration of the corporation’s Canadian status, and its shareholders and directors;
7. complete incorporation documents (articles of incorporation and by- laws for all television component applicants, television component co- applicants and parent companies, as applicable).

Other Things to Note:

Due to high demand, the CMF will no longer be accepting applications for the English and French non-regional portions of the Predevelopment Program.

The portion of the Program reserved for French regional projects only remains open.

About the author
mmuise