Culture and Communications Investment Fund

The eligibility criteria for the Fonds d'investissement de la culture et des communications (FICC) grant include: 1. Product and Services Quality and Innovation: Companies should have developed products or services of outstanding quality or originality, demonstrating how they stand out from the competition and their innovative aspects. 2. Quality of the Team: The success of cultural companies heavily relies on the creativity of the team. Management should exhibit industry knowledge, leadership expertise, and rigorous professionalism. 3. Current and Future Profitability: The business strategy must outline how the company plans to generate sufficient profitability over a period of three to five years to achieve the business plan. 4. Solid Business Plan: A comprehensive business plan is essential for company success. It should detail the target market, promotional approach, and distribution channels to effectively reach and influence the market. 5. Business Project Objectives and Qualities: FICC supports projects that focus on company growth, marketing, development of new business models, technological innovation, mergers and acquisitions for sector consolidation, and ensuring the company's succession in the cultural industry. Companies seeking financing from FICC should align with these criteria to be eligible for the grant.

- Quality and innovation of product and services - Quality of the team - Current and future profitability - A solid business plan

1. Preliminary meeting 2. Term sheet 3. Investment offer 4. Partnership

- Applicants should be aware that FICC requires companies to comply with agreements with Union des Artistes (UDA), Quebec Musician’s Guild, Union des écrivaines et des écrivains québécois, and Société de développement des entreprises culturelles (SODEC). - The commitment fees for FICC are set at 2.5% of the total amount of the investment. - FICC may invest up to $3 million in a single company, with minimum investment thresholds for different types of companies. - FICC may invite other financial partners to co-invest in the company to eliminate prejudices in the cultural industry. - The success of a cultural company relies on the creativity and expertise of its management team, in addition to the quality of its products and services.