BDC Industries — Creation and culture

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.

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?

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.

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

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.