BDC Industries — Creation and culture
grant_single|update January 24, 2025
Canada
Help with obtaining capital or advice
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|closingDate December 31, 2024
grant_single|financingType
Expert Advice
Loans and Capital investments
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|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.
grant_single_labels|projects
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.
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_eligibility_criteria|zone
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.
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|apply
- 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
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