Equity Investment Program (EIP) – Development Program
no fixed amount
Loan
Description:
The Development Program element provides incorporated Newfoundland and Labrador film and video production companies a loan to support the essential process of development which takes an idea through the stages of research, writing, market analysis and costing.
Development funding is available in two phases for non-series projects as follows: Phase One for conception and development of first draft script and Phase Two for shooting script and production development.
Comments on Funding:
Phase One funding is normally up to a maximum of $15,000, up to 33% of the budget.
Phase Two funding is normally up to a maximum of $20,000, up to 33% of the budget.
A producer may apply for Phase Two development without having received Phase One development.
For series projects, the full $35,000 of funding may be accessed in one stage.
January 8, 2024 April 15, 2024 October 7, 2024
Eligibility:
Applicants must:
1. be incorporated Newfoundland and Labrador film and video production companies,
2. demonstrate that their primary focus is on the development, production and distribution of film and video products,
3. be at least 51% owned by a resident or residents of Newfoundland and Labrador (a person who has maintained a principal residence in Newfoundland and Labrador for at least 12 consecutive months immediately prior to the date of application to a funding program).
Application Steps:
Applicants must:
1. submit an application form,
2. wait for the project to be assessed and to receive a notification of NLFDC decision.
Documentation Needed:
Applicants must submit:
1. a completed application form,
2. Certification and Articles of Incorporation,
3. shareholder information,
4. financial statements,
5. a Project synopsis, 6. Project intentions, 7. a Project schedule, 8. Production staff and area of residence, 9. Treatment, outline, or screenplay, 10. Original literary property, 11. Original literary property agreement, 12. Writing agreement(s), 13. Broadcast license and/or distribution agreement, 14. Marketing and distribution plan,
15. Letters of commitment for financing, 16. Detailed development budget.
Other Things to Note:
About the author
Maurice
