Global Market Development — IDM Fund
ON, Canada
Funding for global growth of Ontario digital media companies
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateJanuary 01, 2024
- grant_single|closingDateApril 08, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Information and cultural industries
- Arts, entertainment and recreation
grant_single|grantors
- Government of Ontario
- Ontario Creates
grant_single|status
grant_card_status|open
grant_card_status|closingSoon
grant_single_labels|preview
Get up to $15,000 to cover 50% of the costs of participating in international activities that support your company's growth. These include targeted sales trips and attendance at international market events.
grant_single_labels|projects
This grant is specifically designed for companies located in Ontario, as it is administrated by Ontario Creates, a provincial agency. Only organizations registered and operating within Ontario are eligible to participate.
- Companies located in Ontario, Canada.
grant_single|admissibleProjectsExample
$4,950
Attend the International Book Fair in Frankfurt to find new publishing opportunities for Canadian authors
$8,000
Attend the World Economic Forum to network with global leaders in the financial industry
$5,550
Participate in a trade mission to China organized by the Canadian Manufacturers & Exporters association
$6,300
Attend CES 2024 in Las Vegas to showcase new fintech solutions and meet potential clients
$6,250
Attend the Tokyo Game Show to showcase video game updates and meet international distributors
$5,550
Attend Eco Summit 2024 in Amsterdam to present sustainable building solutions and meet potential partners
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's profile and planned activities.
- The applicant must be an Ontario-based company.
- The company must be engaged in interactive digital media production.
- Planned activities must include participation in international initiatives aimed at business growth and market development.
grant_eligibility_criteria|who_can_apply
The Global Market Development program is designed to support eligible Ontario companies, particularly those in the interactive digital media sector, seeking opportunities for international market expansion. Companies must meet specific eligibility criteria outlined in the program guidelines.
grant_eligibility_criteria|who_cannot_apply
Yes, there are specific types of companies that are not eligible for this grant.
- a company that is working exclusively on client-driven or fee-for-service projects;
- a company that is primarily engaged in marketing, design and branding service work for clients;
- private colleges and training institutions;
- a company that is delivering online services for individuals;
- a company that is not in good standing with Ontario Creates or one that is associated with an entity that is not in good standing with Ontario Creates;
- not-for-profit and public sector entities; and
- a company that holds a broadcast license or that has an ownership association with a company that holds a broadcast license.
grant_eligibility_criteria|eligible_expenses
The Global Market Development program provides funding for Ontario companies to take part in international activities that bolster growth and deliver tangible business outcomes. The eligible activities include meaningful interactions at global markets and strategic sales engagements.
- Targeted sales trips to international destinations.
- Attendance at international market events.
grant_eligibility_criteria|zone
The grant covers eligible expenses related to international activities and company growth for Ontario companies.
- Targeted sales trips to international markets.
- Attendance at international market events.
- Travel and accommodation costs within fixed benchmarks.
grant_single_labels|criteria
Yes, there are evaluation and selection criteria for this grant. Applications will be assessed based on track record, business and market development plan, anticipated impact and results, and project strengths, with a focus on diversity, equity, and inclusion.
- Track Record (30%)
- Business and Market Development Plan (30%)
- Impact and Results (20%)
- Project Strengths (20%)
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Preliminary Registration
- Visit the Ontario Creates Online Application Portal (OAP) at https://apply.ontariocreates.ca.
- If you do not have an account, click on "Register" to create a user account for your company.
- Ensure your company’s corporate information is registered and up-to-date in the OAP.
- Step 2: Review Guidelines
- Download and thoroughly read the Global Market Development Program Guidelines.
- Check the list of pre-approved activities and fixed benchmarks for travel and accommodation costs.
- Step 3: Attend Information Session (Optional)
- Register by 5:00 pm the day before the session if you wish to attend the online information session on April 4, 2024.
- Join the session using the invitation link sent via email.
- Step 4: Prepare Application
- Collect and prepare all necessary documentation as per the guidelines.
- Plan your international activities and budget accordingly.
- Step 5: Submit Application
- Log into the OAP and navigate to your dashboard.
- Select "Start new application" for the Global Market Development program.
- Fill out the application form, upload required documents, and verify all information for accuracy.
- Submit your completed application by the deadline on April 29, 2024, 5:00 pm EST.
- Step 6: Confirmation of Submission
- Receive an automated confirmation email with your application submission details.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Pre-approved activities are part of the program's updates for 2024-25, ensuring applicants know which activities are eligible before applying.
- The process for changing activities after approval has been simplified, providing flexibility for applicants if plans need to adapt.
- There are fixed benchmarks for travel and accommodation costs to provide clarity and mitigate budgeting uncertainties for applicants.
- Applicants use the Ontario Creates Online Application Portal (OAP) exclusively for submissions, emphasizing the importance of familiarity with the online system.
- An information session will be held on April 4, 2024, which applicants are encouraged to attend for better understanding of the application process and program specifics.
- Special arrangements, such as sessions conducted in French or accessibility considerations, are available upon request, ensuring inclusivity in the application process.
- Technical support is available for setting up company profiles or troubleshooting issues with the Online Application Portal via a dedicated email address.
grant_single_labels|contact
kgibson@ontariocreates.ca
416-642-6651
Apply to this program
Unlock Global Opportunities with the IDM Fund
The IDM Fund: Global Market Development program supports Ontario-based companies in expanding their international presence by funding activities that drive growth and enhance marketability. Participants can receive up to $15,000, covering 50% of eligible expenses for initiatives such as targeted sales trips and participation in global market events.
Detailed Insights into the IDM Fund for Global Market Development
The IDM Fund: Global Market Development program is meticulously crafted to aid Ontario companies in the interactive digital media sector in scaling their operations beyond domestic markets, helping them tap into international avenues for growth and partnership. Recognizing the crucial role that global exposure plays in the success of Ontario's interactive digital media companies, the fund offers substantial financial backing for specific, strategic activities that promise measurable market expansion results.
The funding cycle for 2024-25 introduces pivotal updates to simplify and enhance the process of application and fund usage. Notably, the program has delineated a list of pre-approved activities which include targeted sales trips and participation in strategic international events. This approach facilitates more streamlined planning for applicants, ensuring alignment with predefined objectives and easing the process of fund allocation.
Applicants are encouraged to thoroughly review the program guidelines, which detail the anticipated benchmarks for cost expenditures such as travel and accommodation, ensuring transparency and clarity in the financial undertakings covered by the grant. By capping the support at 50% of total activity costs and providing up to $15,000, the IDM Fund is structured to encourage companies to strategically invest their resources alongside the fund, leveraging their financial input for wider market access and potential business collaborations.
A significant advantage of this program is its focus on global market development, which is especially vital in today’s interconnected economy. By supporting Ontario companies to extend their reach internationally, the IDM Fund facilitates access to broader markets, stimulates cross-border collaborations, and fosters the integration of Ontario’s innovative solutions into the global digital ecosystem. The intended result is not just the economic expansion of individual companies, but a bolstering of Ontario’s reputation as a hub for digital innovation and excellence.
Another key feature of the program is its online application process via the Ontario Creates Online Application Portal, simplifying the application submission and review process. Applicants must register their corporate information within this portal, ensuring all data is accurately maintained and readily accessible for application purposes. This digital gateway serves as the central point for all communications and processing related to the grant, promoting efficiency and ease of access.
Further enhancing the application process, the program offers information sessions to prospective applicants, available in multiple formats to accommodate different needs, including language preferences and accessibility requirements. These sessions provide invaluable insights into the application process, fostering a better understanding of eligibility criteria, and offering guidance on optimizing applications for success.
Ultimately, the IDM Fund: Global Market Development program stands as a strategic initiative to propel Ontario’s digital media companies into global prominence. Through its structured financial support, detailed applicant guidance, and the fostering of cross-border business opportunities, the program ensures that recipients are well-equipped to navigate and succeed in the global market landscape, reinforcing their competitive edge and enhancing Ontario’s standing on the international stage.
