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
There are eligible projects for this grant:
- Expand into new markets
- Acquire a company
- Attract creative talent
- Undergo a digital transformation
grant_single|admissibleProjectsExample
$80,000
Vancouver
Attract creative talent for a new digital media project
$70,000
Ottawa
Undergo a digital transformation for our small publishing house
$100,000
Toronto
Expand into the European market by establishing a new office
$120,000
Calgary
Expand into new markets by opening an art gallery
$180,000
Halifax
Acquire a tech startup to boost innovation at our company
$150,000
Montreal
Acquire a local business to enhance our product offerings
grant_single_labels|admissibility
Eligibility criteria for this grant:
- Businesses in the creative and cultural industries
- Looking to grow through consolidation projects, undertake a business transition, or develop original content
- Program ends in December 2024
grant_eligibility_criteria|who_can_apply
There are eligible types of companies for this grant. Businesses in Canada’s creative and cultural industries, including media and audiovisual, video games, design, and performing arts, among others, are eligible to apply.
- Media and audiovisual
- Video games
- Motion picture and video production
- Sound recording
- Design
- Printing
- Performing arts and spectator sports
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
Yes, eligible expenses for this grant include:
- Financing tailored to your needs
- Working capital to grow
- Investing in technology for innovation
- Advisory services for financial management and cash flow
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: Identify the specific program or grant that aligns with your project or business needs
- Content: Determine which program best suits your industry sector and growth objectives
- Implications: Ensures you are applying for the most relevant funding opportunity
- Step 2: Review the eligibility criteria and requirements for the selected program
- Content: Understand the qualifications and documentation needed for application
- Implications: Ensures your project meets the necessary criteria for consideration
- Step 3: Prepare a detailed project proposal outlining your business plan, financials, and objectives
- Content: Present a clear and comprehensive overview of your project
- Implications: Demonstrates the feasibility and impact of your proposal
- Step 4: Complete the application form and submit all required documents within the specified deadline
- Content: Fill out the application accurately and include all requested materials
- Implications: Ensures your submission is complete and on time for review
- Step 5: Follow up on the status of your application and respond to any additional requests for information
- Content: Stay informed on the progress of your application and provide any further details if requested
- Implications: Helps in addressing any queries or clarifications to support your application
Apply to this program
Grant Summary:
This grant program offers specialized financing solutions for businesses in the creative and cultural industries in Canada. It provides tailored financing options to support companies looking to grow through consolidation projects, business transitions, or content development while preserving ownership and offering an alternative to equity.
Grant Details:
Business Development Bank of Canada (BDC) offers a unique grant program designed to assist businesses in Canada's creative and cultural industries. The program aims to provide financial support to companies seeking to expand into new markets, acquire firms, attract creative talent, or undergo digital transformations. With a focus on key sectors like media, audiovisual, design, and performing arts, the program offers various financing solutions tailored to specific needs within these industries.
As part of the grant, participants can access working capital to facilitate growth, invest in technology for innovation, and receive expert advisory services to enhance financial management, sales strategies, and HR practices. The program also includes specialized financing options provided by BDC's Growth & Transition Capital team, targeted at businesses within the creative and cultural sectors looking to undertake consolidation projects, transition operations, or develop original content.
Through this program, companies can benefit from a higher percentage of financing, longer repayment periods, and payment schedules aligned with their cash flow. The seasoned advisors at BDC offer industry-specific expertise to guide businesses through the grant process and provide strategic insights for sustainable growth. The program is set to conclude in December 2024, making it a timely opportunity for eligible companies in the creative and cultural industries.
With a flexible and supportive approach, this grant program aims to empower businesses in the creative and cultural sectors to achieve their growth objectives, differentiate themselves in the market, and succeed in Canada's vibrant creative economy. It serves as a valuable resource for companies seeking financial assistance, expert advice, and strategic partnerships to navigate the competitive landscape and unlock their full potential within the industry.
