How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The program is accepting continuous intake

Who are the financial supporters of the BDC Industries — Creation and culture?

BDC Industries — Creation and culture is funded by Business Development Bank of Canada (BDC), Government of Canada

What are BDC Industries — Creation and culture's eligibility criterias?

The company must operate within Canada’s creative and cultural industries. The business should be seeking to grow through consolidation projects, business transitions, or content development. The program is open for applications until December 2024.

BDC Industries — Creation and culture

Last Update: January 24, 2025

Canada

Help with obtaining capital or advice

BDC Industries — Creation and culture at a glance

Eligible Funding

No Condition

Timeline

Closing date : December 31, 2024

Financing Type

Expert Advice

Loans and Capital investments

Eligible Industries

Information and cultural industries
Arts, entertainment and recreation

Grant Providers

Business Development Bank of Canada (BDC)
Government of Canada

Status

Closed

Overview of the BDC Industries — Creation and culture program

Get advice, solutions and tools to grow, acquire a business, attract creative talent, or make a digital transformation in the creative and cultural industries.

Financing terms and conditions

This grant offers specialized financing solutions tailored specifically for businesses in the creative and cultural industries. These modalities are designed to enable growth, innovation, and preservation of ownership.

Higher percentage of financing to meet distinct project needs.
Longer repayment periods to provide financial flexibility.
Payments matched to the cash flow of the business for easier financial management.
Financing designed to avoid diluting business ownership.
Expert advice from seasoned advisors familiar with the industry.

Eligible projects & activities

The BDC Industries grant for Creation and Culture supports projects in Canada's creative and cultural industries aimed at expanding market reach, acquiring companies, attracting talent, and undergoing digital transformations. It offers financing solutions and advisory services tailored to meet the unique challenges and opportunities in these sectors.

Projects to expand into new local or international markets.
Acquisition initiatives within the creative sector.
Attracting and retaining skilled creative talent.
Undergoing digital transformation for creative and cultural businesses.
Producing and developing original content in media, audiovisual, and related fields.
Undertaking consolidation projects or business transitions in the creative industry.

Examples of admissible projects:

$ 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

Eligibility criteria of the BDC Industries — Creation and culture program

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.

Who is eligible?

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.

Who is not eligible

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

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.

Eligible geographic areas

This grant is designed to support businesses across Canada in the creative and cultural industries. It is provided by BDC to aid companies nationwide in achieving their growth objectives.

Eligible for companies across Canada.

Eligibility criteria of the BDC Industries — Creation and culture program

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

How to apply to the BDC Industries — Creation and culture program

Preliminary Assessment

Contact the BDC Growth & Transition Capital team to discuss your specific project needs and determine eligibility.

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.

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.

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.

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.

Additional information

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

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