Investment Program: Business Travel

By mmuise
Description:

The objective of the Music Nova Scotia Investment Program is to encourage the creation, development and growth of Nova Scotian music businesses, artists and their intellectual property.
The Business Travel component provides investment for domestic and international music industry conferences and events, as well as business trips for the company’s general market development.


Comments on Funding:

Funding is an investment of 50% of the Total Eligible Budget:
1. $5,000 per Applicant rated Business III;
2. $2,000 per Applicant rated Business II.

Deadline: Rolling deadline
Eligibility:

The applicant must be:

  • a Business II business (must meet the following eligibility criteria):
    a) Business Registered with Nova Scotia Registry of Joint Stocks;
    b) In Business for at least 2 (two) years;
    c) Must have CRA Business Number;
    d) Must demonstrate a minimum gross income of $20,000 per year from Business Activities (grant income excluded); or
    e) For Artist Managers, must represent at least two artists who meets the Artist II criteria or one artist who meets the Artist III criteria in Music Nova Scotia’s Programs;
    f) For Record Labels, must control the master rights to 3 commercially released qualifying releases (one of which must have been released in the past 18 months). Must have releases by at least two artists who meets the Artist II criteria or one artist who meets the Artist III criteria in Music Nova Scotia’s Programs;
    g) For Publishers, must control the publishing rights to 5 commercially released qualifying releases. Must control releases by at least two artists who meet the Artist II criteria or one artist who meets the Artist III criteria in Music Nova Scotia’s Programs;
    h) For clarity, references to artists meeting the criteria in Music Nova Scotia’s programs are for the purpose of establishing the level of the artists represented. Business clients are not required to represent Nova Scotia clients so long as their business is registered and operates in Nova Scotia;
  • a Business III business (must meet the following eligibility criteria):
    a) Business Registered with Nova Scotia Registry of Joint Stocks;
    b) In Business for at least 2 (two) years;
    c) Must have CRA Business Number;
    d) Financial Statements demonstrating a minimum gross income of $60,000 per year from Business Activities (grant income excluded); or
    e) For Artist Managers, must represent two artists who meet the III criteria in Music Nova Scotia’s Programs or one artist who meets the Artist II or Artist III criteria in FACTOR’s programs;
    f) For Record Labels, must control the master rights to 5 commercially released qualifying releases (one of which must have been released in the past 18 months). Must have releases by at least two artists who meet the Artist III criteria in Music Nova Scotia’s programs or one artist who meets the Artist II or Artist III criteria in FACTOR’s programs;
    g) For Publishers, must control the publishing rights to 10 commercially released qualifying releases. Must control releases by at least two artists who meet the Artist III criteria in Music Nova Scotia’s Programs or one artist who meets Artist II or Artist III criteria in FACTOR’s programs.
Application Steps:

Applicants must:

1. complete the Applicant Profile webform at least one (1) week prior to submitting an application by following this link: https://musicnovascotia.formstack.com/forms/company_applicant_profile ;

2. complete online the application webform by following this link: https://musicnovascotia.formstack.com/forms/business_development_application_2021;

Documentation Needed:

Applicants must submit a detailed Business Travel Plan.

Other Things to Note:

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About the author
mmuise