Global Market Development for Music Managers

The Global Market Development for Music Managers grant facilitates financial support for eligible music management companies to foster strategic business growth through specific national and international activities. It requires applicants to contribute matching funds ensuring a demonstrable return on investment.

• Funding covers up to 50% of eligible activity costs, with a maximum funding request of $10,000.
• Applicants must provide matching contributions to receive the grant.
• Funds are disbursed as direct grants towards the costs of pre-approved activities.

Eligibility for this grant is determined by specific criteria outlined for music management companies based in Ontario.

• The applicant must be an Ontario-based music management company.
• The company must be primarily engaged in representing or managing musicians and musical groups.
• The applicant must provide a matching contribution to the fund to ensure maximum return on investment.
• The company must demonstrate measurable business and market development results through the funded activities.

Who is eligible?

Who is not eligible

Based on the information provided in the grant context, there are specific types of companies that are not eligible for the OMIF - Global Market Development for Music Managers grant:

• Companies that are not registered in Ontario and do not have a permanent office in Ontario
• Domestic music promoters and presenters with revenues over $1M who do not meet eligibility criteria for the Experience Ontario program

Eligible expenses

Eligible projects for the Global Market Development for Music Managers grant focus on expanding business opportunities and market reach. These activities are designed to foster growth through strategic market engagement and partnership creation.

• Attendance at national and international market events.
• Targeted activities that align with a market development strategy, such as exploring new business and partnership opportunities.
• Initiatives aimed at achieving measurable business results like sales growth, new financing, or securing licensing and publishing deals.
• Efforts to increase audience awareness and media coverage for the artists and the management company.
• Development of strategic partnerships that can enhance market presence and business growth.

Eligible geographic areas

This grant is specifically available to companies located in Ontario. The focus is on supporting music management companies that operate or are registered within this geographical area.

• Ontario, Canada.

There are evaluation and selection criteria for this grant. The assessment is based on several key factors to determine the eligibility and success of the applicants.

• Demonstrated potential for company growth and market development
• Clear and measurable results aligned with program objectives
• Financial stability and sound financial management
• Budget feasibility and allocation of funds towards eligible activities
• Quality and completeness of the business plan and activity proposal

Here are additional relevant details for this grant:

• A certificate of insurance with specific criteria is required for successful funding recipients before the transfer payment agreement is executed.
• Financial statements must be up-to-date and dated within six months of the applicant’s fiscal year-end.
• Financial statements can be internally prepared for funding requests up to $15,000, but must be accompanied by a Compilation Engagement Report or Notice-to-Reader for requests above that amount.
• Private funding sources are to be reported with specific allocations in the Financing Plan.
• First-time applicants are strongly encouraged to contact the Ontario Music Office to discuss eligibility at least two weeks prior to the deadline.
• Webinar sessions are available for interested applicants, although attendance does not replace the requirement to read the guidelines thoroughly.