Canada Periodical Fund — Business Innovation
- Open Date : July 12, 2024
- Closing date : July 13, 2024
Overview
Financial assistance of up to $500,000 or 75% of the total eligible project-related cost, whichever is less, for business innovation projects. For start-up projects, you can get funds up to 50% of total eligible project-related costs to a maximum of $10,000.
At a glance
Funding available
- Increase performance through digital transformation
- Develop an online presence
- Reduce environmental footprint
- Maximum amount : 500,000 $
- Up to 75% of project cost
- Open Date : July 12, 2024
- Closing date : July 13, 2024
Eligible candidates
- Information and cultural industries
- Canada
- Non-profit
- Public or Parapublic institution
- For-profit business
- Sole proprietorship
- Non-financial cooperative
- All revenue ranges
- All organization sizes
- Indigenous Peoples
- Language Minorities
- 2SLGBTQI+
- Canadians
- Culture and Arts
- Business Associations
- Diversity and Inclusion
- Indigenous peoples
- LGBTQ+ community
- Business owners / entrepreneurs
- Artists / creatives
- Minority groups
- All structures
- National
Next Steps
Activities funded
The Business Innovation component under the Canada Periodical Fund is designed to encourage innovation within the periodical publishing sector. Eligible projects are those which introduce new technologies, models, or practices to enhance productivity, expand market access, and diversify content.
- New or improved business models, methods, or processes.
- New or improved products or services.
- New or improved systems or tools.
- Digitization of back issues.
- Rebranding or redesign initiatives.
- Special issues outside the regular publishing schedule.
- Adoption or use of new media.
- Development of mobile applications.
- Web design and development projects.
- Expansion into new markets.
- Advertising and promotional campaigns.
Eligibility
Who is eligible?
Publishing firms producing magazines, in print or digital formats, can apply. The eligible publishing firms must be private-sector entities (corporations, not-for-profit organizations, partnerships, or sole proprietorships), majority owned and controlled by Canadians, have their principal place of business in Canada, and have published one or more eligible periodicals by the application deadline.
Who is not eligible
This grant excludes certain types of magazines and digital periodicals due to their main activities or specific attributes. The restrictions ensure that funding is directed towards innovative projects that align with the Fund's objectives.
- Daily newspapers in print or digital formats.
- Periodicals branded to an individual, such as blogs or personal websites.
- Non-revenue generating free print magazines.
- Publications produced by or for organizations to primarily report their own activities.
- Magazines or periodicals linked to product or service promotion.
- Periodicals produced by non-Canadian entities on behalf of Canadian customers.
- Publications repeating more than 50% of their content from past issues.
- Content aggregating listings, directories, or schedules beyond 50% of editorial content.
- Publications with material designated as offensive, including hate propaganda or material denigrating identifiable groups.
Eligible expenses
The Business Innovation component of the Canada Periodical Fund supports projects that enhance innovation and diversify editorial content among Canadian magazines and digital periodicals. Eligible projects should introduce new elements to publishing operations and achieve specific goals within a defined timeframe.
- Development of new or improved business models, methods, or processes.
- Creation of new or enhanced products or services.
- Implementation of new or improved systems or tools.
- Digitization of back issues of periodicals.
- Rebranding or redesign of existing publications.
- Publication of special issues outside the regular schedule.
- Adoption or use of new media formats.
- Design and development of mobile applications.
- Web design and development initiatives.
- Expansion into new market segments.
- Execution of advertising and promotional campaigns.
Eligible geographic areas
This grant is designed for Canadian print and digital periodical publishers. Eligible publishers must be based primarily in Canada to access the funding.
- Canadian Provinces and Territories.
Additional information
Here are additional relevant details for this grant:
- The deadline for applications is July 12, 2024, 11:59 pm local time, with extensions available if it falls on a weekend or holiday.
- Eligible projects must seek new activities distinct from previous ones to achieve specific goals with measurable results.
- The Business Innovation component is a competitive process with a funding limit of 75% of eligible project-related costs from government sources.