Global Market Development for Music Managers
ON, Canada
Money for music management companies
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateApril 28, 2022
- grant_single|closingDateJune 15, 2023
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Information and cultural industries
grant_single|grantors
- Government of Ontario
- Ontario Creates
grant_single|status
grant_card_status|closed
grant_single_labels|preview
Receive up to $10, 000 in funding to cover up to 50% of eligible costs to participate in national and international activities such as market event attendance that will support your market development strategy.
grant_single_labels|projects
This grant is designed for companies with a specific geographical focus determined by their operational base. The funding body has specified eligibility limited to one geographic area.
- Ontario-based music management companies.
grant_single|admissibleProjectsExample
$600
Attend Canadian Music Week to secure distribution deals and enhance local partnerships
$1,750
Attending Midem conference to expand global partnerships and audience reach
$1,850
Attend the BigSound conference to gain insights and meet future collaborators
$2,000
Participation in SXSW to meet potential investors and increase media coverage
$1,500
Attend Reeperbahn Festival for networking and partnership development in the European market
$1,500
Participate in WOMEX to explore global music trends and find licensing opportunities
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
This program is open to Ontario-based music management companies that are primarily engaged in representing or managing musicians and musical groups. Eligible applicants must be registered in Ontario and must have a permanent office in Ontario. Companies must demonstrate the capacity to manage musicians or musical groups and should be primarily engaged in music management activities.
grant_eligibility_criteria|who_cannot_apply
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
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
The grant supports various expenses related to the global market development strategy for music management companies.
- Market event attendance costs.
- Targeted activities that form part of the market development strategy.
- Travel expenses at economy rates, booked at least 30 days in advance.
- Accommodation costs at moderate rates appropriate for the destination.
- Per diems for meals and incidentals: up to C$75/day for domestic travel and C$100/day for international travel.
- Amortization expense for capital expenditures, if applicable and as per guidelines.
- Other costs that are directly tied to achieving measurable business and market development results.
grant_single_labels|criteria
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
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Prepare for Application
- Contact the Ontario Music Office (OMO) at least two weeks prior to application deadline for eligibility discussion, especially for first-time applicants. Email inquiries to OMO@ontariocreates.ca.
- Step 2: Accessing the Application Portal
- Visit the Ontario Creates Online Application Portal (OAP) at https://apply.ontariocreates.ca/.
- If you do not have an OAP user account, click on “Register” to create an account.
- Step 3: Complete Application Requirements
- Review the “OMIF Global Market Development for Music Managers Guidelines” thoroughly.
- Prepare necessary documents including the Activity Budget Template and Applicant Affidavit.
- Ensure financial statements for the last two fiscal years are ready.
- Acknowledge the insurance requirement and be prepared to provide a Certificate of Insurance if your application is successful.
- Develop a comprehensive business plan according to the guidelines.
- Step 4: Submit Application
- Log into the Ontario Creates Online Application Portal (OAP).
- Enter required information, upload documents and ensure all details are accurate.
- Submit the completed application before the deadline on June 19, 2024 by 5:00 PM EST.
- Step 5: Confirmation and Follow-Up
- After submission, you will receive an automated confirmation email.
- Keep this confirmation for your records and await further communication from Ontario Creates.
grant_single_labels|otherInfo
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.
Apply to this program
Expand Your Music Management Horizons with OMIF
The Global Market Development for Music Managers grant offers vital funding to Ontario-based music management companies keen on establishing and expanding their presence in both national and international markets. This initiative is designed to assist in implementing strategic growth activities that yield tangible business development outcomes.
Unlock New Opportunities with the OMIF Music Managers Grant
The Ontario Music Investment Fund's (OMIF) Global Market Development for Music Managers stands as a unique catalyst, fueling growth and expansion for music management companies based in Ontario. Recognizing the ever-evolving landscape of the global music industry, this grant aims to equip music managers with the necessary resources to navigate new markets and elevate their artists' profiles on an international scale. Acting as a financial enabler, it allows managers to partake in critical market events and implement activities aligned with strategic business goals, ensuring far-reaching engagement and substantial market penetration.
The grant offers a substantial financial uplift, covering up to 50% of eligible activity costs, capping off assistance at $10,000. This co-financing model requires applicants to match the funding, thereby doubling the impact of the province's investment in nurturing local talent and encouraging commercial success. By requiring matching funds, the program ensures that applicants are seriously invested in their growth plans and allows them to derive maximum benefits from the investment. This approach is not merely a fiscal exercise but a strategic partnership that underlines the importance of careful planning and accountability in executing growth initiatives.
In line with the grant's objectives, eligible activities predominantly include attending major market events, which are pivotal for networking, gaining market insights, and establishing business connections that could lead to sales, licensing and publishing deals, partnerships, and enhanced media coverage. In essence, these activities are touchpoints for introducing music talents to a wider audience, thereby catapulting them to greater recognition and success. Further, these market events act as a breeding ground for collaborations, fostering synergy that transcends geographical boundaries and cultural differences in the music space.
Applicants are encouraged to meticulously draft their business plans as part of the application process, highlighting how the funded activities will foster company growth. The plan should map out the strategic landscape, showcasing a blend of innovative approaches and tried-and-tested techniques to harness opportunities. Assessments such as SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) are instrumental in providing a clear perspective on the current positioning in the marketplace and potential avenues for growth. By doing so, applicants not only present their preparedness but also underline their ambition and potential to scale artist development strategies effectively.
Successful applicants should be prepared for a thorough evaluation process post-application, emphasizing measurable outcomes such as increased artist exposure, expanded fan base, successful business negotiations, and overall market expansion. The eligibility window is defined from August 1, 2024, to July 31, 2025, offering a generous timeline for implementing strategic activities and achieving set objectives. It's imperative for applicants to remain cognizant of the program's deadlines to ensure seamless fund acquisition and activity rollouts.
The Global Market Development for Music Managers not only financially empowers music management companies but also serves as a strategic pillar for cultural expansion and industry influence. By bridging the finance gap, it provides a competitive edge, enabling music managers to champion their artists on stages across the world. This initiative is a testament to Ontario’s commitment to fostering a thriving music industry that resonates on a global scale, amplifying Ontario's music ecosystem to new heights.
