Ontario Music Investment Fund (OMIF) – Live Music

By mmuise
Description:

The OMIF Live Music stream supports businesses and organizations that produce or promote live music events featuring Canadian artists, including eligible music festivals and concert series. The Live Music stream will provide funding to increase the number and quality of live music experiences (e.g. events, festivals and concerts*) that can be experienced by residents in and visitors to Ontario.


Comments on Funding:

Funding is available in the form of a direct grant:
- up to 50% towards the cost of eligible activities
- the maximum funding is 40% of the company’s two-year* average of total revenue to a maximum cap of $125,000. The minimum OMIF amount that can be requested is $10,000. Applicants must have minimum annual revenues of $25,000.
* Due to the potential negative impact that COVID-19 may have had on a company’s 2021 and 2020 revenue levels, Ontario Creates will consider calculating a company's maximum OMIF request based on 40% of their three-year average revenue figure rather than a two-year average.

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

Applicants must:

  • be domestic Music Promoters and Presenters (including festivals);
  • demonstrate the following:
    a) be incorporated in Ontario or federally (or prepared to incorporate immediately if the application is successful);
    b) be Canadian-owned and controlled, as defined in the Investment Canada Act (Canada) excepting Multinational Record Labels; c) be financially solvent and an ongoing entity;
    d) have minimum annual revenues of $25,000 from core business activities as a record label or music publisher; e) be able to demonstrate that they have had a permanent establishment in Ontario for at least one year prior to the deadline; and f) be in good standing with Ontario Creates at time of application.
    First–time applicants and applicants intending to apply to both OMIF and the Reconnect Ontario are strongly encouraged contact the OMO a minimum of two weeks ahead of the application deadline to discuss their eligibility and/or funding restrictions.
Application Steps:

Applicants must:

1. contact the OMO at least two weeks ahead of the application deadline to discuss eligibility. Email inquiries to OMO@ontariocreates.ca (first time applicants);

2. submit their applications electronically through the Ontario Creates Online Application Portal (OAP) at https://apply.ontariocreates.ca;

3. create a user account on the OAP(go to https://apply.OntarioCreates.ca/ and click on “Register”);

4. contact the OAP Helpdesk at applyhelp@ontariocreates.ca, for technical assistance;

5. be strongly encouraged to begin the application process early to allow ample time to compile and complete the necessary information. The application may be worked on incrementally, saving information as it is entered. Once saved, it's possible to go back and edit/add information up until the application is completed and ready to be submitted.

Documentation Needed:

Applicants must submit the following: 1. Activity Budget (template provided); 2. Activity Details and Plans for each proposed activity (questions provided in OAP application); 3. Company Budget; a) for comparative purposes, the company budget must include both actual revenues and expenses for the previous fiscal period as well as a forecast of revenues and expenses that correspond to the current fiscal year, and/or to the end of the applicant’s proposed spending window. 4. Business Plan (see requirements); 5. Articles of Incorporation; 6. Financial Statements for the two most recently completed fiscal years. 7. Back up confirmation to support confirmed or pending financing; 8. Signed Related Party Transaction form; and 9. Signed Applicant Affidavit.

Other Things to Note:

The previous deadline was on October 19, 2023 at 5:00 PM ET.

About the author
mmuise