BDC Industries — Creation and culture
Canada
Help with obtaining capital or advice
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|closingDateDecember 31, 2024
grant_single|financingType
Loans and Capital investments
Expert Advice
grant_single|eligibleIndustries
- Information and cultural industries
- Arts, entertainment and recreation
grant_single|grantors
- Business Development Bank of Canada (BDC)
- Government of Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get advice, solutions and tools to grow, acquire a business, attract creative talent, or make a digital transformation in the creative and cultural industries.
grant_single_labels|projects
This grant is meant for businesses in the creative and cultural industries in Canada. However, the specific geographical areas eligible for application are not explicitly mentioned.
grant_single|admissibleProjectsExample
$80,000
Attract creative talent for a new digital media project
$70,000
Undergo a digital transformation for our small publishing house
$100,000
Expand into the European market by establishing a new office
$120,000
Expand into new markets by opening an art gallery
$180,000
Acquire a tech startup to boost innovation at our company
$150,000
Acquire a local business to enhance our product offerings
grant_single_labels|admissibility
Eligibility for this program is geared towards businesses within the creative and cultural industries seeking to grow through various strategic initiatives.
- The business must operate within the creative and cultural industries, such as media, audiovisual, video games, motion picture and video production, sound recording, radio and television broadcasting, design, printing, performing arts, and spectator sports.
- The business must be looking to expand into new markets, acquire a company, attract creative talent, or undergo a digital transformation.
- The project should focus on consolidation, business transition, or the development of original content.
grant_eligibility_criteria|who_can_apply
This program is available for businesses operating in the creative and cultural industries, specifically those involved in projects like content development, consolidations, or business transitions. It targets enterprises looking to expand, innovate, or acquire in sectors such as media, video games, and performing arts.
grant_eligibility_criteria|who_cannot_apply
There are specific types of companies that are not eligible for this grant.
- Businesses outside the creative and cultural industries
- Companies not engaged in media, design, performing arts, or related fields
grant_eligibility_criteria|eligible_expenses
This grant supports businesses in the creative and cultural industries to enhance their market presence and expand business operations. The eligible projects focus on accessing financing, acquiring companies, attracting creative talent, and digital transformation.
- Projects for expanding into new local or international markets.
- Company acquisition initiatives to strengthen business offerings.
- Talent acquisition projects to enhance creative capabilities.
- Undertaking digital transformation to innovate and improve business processes.
- Developing original content in the media and cultural sectors.
- Business transition projects in the creative industries.
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. The evaluation process considers various factors to determine eligibility and the potential impact of the project.
- Demonstrated need for financing
- Viability and potential for growth
- Alignment with the creative and cultural industries
- Sound business plan and financial projections
- Potential for job creation or retention
- Innovative content or approach
grant_single_labels|register
- Step 1: Preliminary Assessment
- Contact the BDC Growth & Transition Capital team to discuss your specific project needs and determine eligibility.
- Step 2: Gather Necessary Documentation
- Prepare detailed information about your business, including financial statements and a comprehensive business plan highlighting the creative and cultural aspects of your project.
- Document your intended use of the funds, such as expansion, acquisition, talent attraction, or technological investments.
- Step 3: Develop a Project Proposal
- Create a project proposal that includes objectives, expected outcomes, and a clear plan of action.
- Highlight how the project will contribute to the growth and success of Canada's creative and cultural industries.
- Step 4: Application Submission
- Submit your application, including all supporting documents, directly to the BDC Growth & Transition Capital team.
- Ensure all materials are complete and submitted before the program deadline in December 2024.
- Step 5: Confirmation and Follow-Up
- Receive confirmation of the application's receipt from BDC.
- Prepare for any follow-up questions or additional information requests from the review team.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Program is specifically designed not to dilute ownership, providing an affordable alternative to equity.
- Financing solutions are available without diluting ownership in your company.
- The program is open to applications up until December 2024.
- Offers expert advisors with industry-specific knowledge for guidance and strategy.
- Flexible terms include a higher percentage of financing and longer repayment periods tailored to cash flow.
Apply to this program
Unlock Growth in Canada’s Creative and Cultural Industries
This grant provides financial support and expert advisory services to businesses within Canada's creative and cultural sectors. It enables companies to innovate, expand, and make a unique mark on both local and international stages.
Details on How the Grant Addresses Business Needs in Creative Industries
The grant focuses on empowering companies in media, audiovisual, video games, design, performing arts, and more by offering tailored financing solutions and strategic advisory services. This comprehensive program is specifically engineered to help Canadian creative and cultural industries expand into new markets, attract exceptional creative talents, and undergo critical digital transformation efforts. By providing access to capital, the program ensures companies have the resources needed to innovate, grow, and remain competitive internationally, all the while preserving company ownership and avoiding equity dilution.
Through this initiative, participants can tap into BDC’s Growth & Transition Capital team expertise, availing of financing tailored to consolidate projects and develop original content. The program, which concludes in December 2024, offers flexible financing terms with options for longer repayment periods and payment structures aligned with business cash flows. This flexibility ensures that businesses can manage their finances efficiently, facilitating smoother transition phases, and reducing financial strain during expansion projects.
In addition to financial assistance, the grant provides substantial advisory support. Participants can develop robust sales and marketing strategies, enhance their human resources policies to attract and retain creative talent, and improve overall financial management. These strategic services are augmented by seasoned advisors who understand the intricacies of the creative and cultural industries.
Beyond immediate financial and advisory benefits, the program fosters a community of innovation, connecting businesses with key industry players and partners who can further enable business growth and diversification. The grant is also supplemented by educational resources and practical tools, such as cash flow management quizzes and ratio calculators, to empower decision-making and operational improvements within these creative and cultural enterprises.
This proactive support system is a reflection of a larger commitment to enhancing the visibility and competitiveness of Canada’s cultural and creative businesses, allowing them to craft distinctive and bold visions that resonate with international audiences. Participating companies are thus well-positioned to face challenges and seize opportunities in an ever-evolving market landscape.
As the grant opportunity underscores, the innovative momentum within these industries is contingent on strategic support and capital availability. This program not only nurtures existing capabilities but also stimulates the creation of new pathways to success, cultivating a thriving creative economy that is based on sustainable and impactful growth.
The rich ecosystem of tools, partnerships, and transformative services under this initiative highlights its role as a pivotal force in driving forward Canada’s creative and cultural sectors. For businesses ready to elevate their standing and innovation, this grant offers an indispensable stepping stone towards enduring success and significant international presence.
