ONTARIO MUSIC FUND Live Music & Music Futures (Live) 2019 …Initiatives/... · Eligible Activity...

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ONTARIO MUSIC FUND Live Music & Music Futures (Live) 2019-2020 Presented by: Dahlia Thompson & Aisha Wickham September 4, 2019 www.ontariocreates.ca

Transcript of ONTARIO MUSIC FUND Live Music & Music Futures (Live) 2019 …Initiatives/... · Eligible Activity...

Page 1: ONTARIO MUSIC FUND Live Music & Music Futures (Live) 2019 …Initiatives/... · Eligible Activity Window: December 1, 2019 –November 30, 2020 Live Music Performance and Programming:

ONTARIO MUSIC FUND

Live Music & Music Futures (Live)2019-2020

Presented by: Dahlia Thompson & Aisha Wickham

September 4, 2019

www.ontariocreates.ca

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OUTLINE

Overview

OMF Goals

Program Objectives

Applicant Eligibility

Funding Assistance Available

Eligible Activities & Costs

Business Plans

Budgets & Financing

How to Apply & Assessment Criteria

Recipient Obligations

Application Tips & Advice

Deadline

Q&Awww.ontariocreates.ca

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OVERVIEW

OMFSupports music companies and

organizations across Ontario’s music ecosystem

Driving growth in Ontario’s music sector

Four streams:Music Company Development

Music FuturesLive Music

Music Industry Development

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Significant financial investment into Ontario’s

music industry

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OMF GOALS

Increase music production activity in Ontario

Strengthen and develop the support structures that contribute to economic and cultural growth

Increase performance opportunities for new & emerging artists

Create opportunities for emerging artists/small music companies

Support Ontario’s musical diversity, with respect to music from culturally diverse, Indigenous and Franco-Ontarian communities

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PROGRAM OBJECTIVES

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Objective Live Futures

Support Ontario’s Live Music companies a a

Create jobs in Ontario & expand employment opportunities for the live music

industrya a

Increase the number and quality of live music experiences in ON a a

Create opportunities to drive revenue growth & economic development in ON a a

Increase company sales and build market share; Grow revenues a a

Increase the number of opportunities for Ontario-based artists a a

Stimulate entrepreneurship a

Grow company capacity a a

Position Ontario as a premier global destination for live music a

Support Ontario’s musical diversity a a

Strengthen production from under-represented but high-potential genres a

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Live Music

• Music Promoters

• Music Presenters

• Music Festivals

• Booking Agents

• Minimum $100,000in eligible revenue

Music Futures (Live)

• Music Promoters

• Music Presenters

• Music Festivals

• Booking Agents

• $30,000 - $100,000 in eligible revenue

ELIGIBILITY. WHO CAN APPLY?

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WHAT ELSE DO I NEED TO KNOW?

In order to be eligible, applicants must:

Be incorporated in Canada and be in operation for at least two years

Have a head office in Ontario

Have key management personnel who are Canadian citizens or permanent residents of Canada

living in Ontario

Be in good standing with Ontario Creates at time of application

Be a music company!

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FUNDING ASSISTANCE

NEW: The 2019 Provincial Budget reduced the Ontario Music Fund from $15M to $7M

annually, effective in the current fiscal year (April 1, 2019 to March 31, 2020). As a result,

the maximum funding award amounts for Live Music and Music Futures (Live) have been

adjusted as follows:

Live Music:

Maximum award may not exceed $100K in 2019-20

Music Futures (Live):

Maximum award may not exceed $25K in 2019-20

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ELIGIBLE ACTIVITIES & COSTS

Eligible Activity Window: December 1, 2019 – November 30, 2020

Live Music Performance and Programming: Activities that support the development, marketing and staging of concerts, festivals and live music events in Ontario

Artist fees (note: All artists must be remunerated for performances) Venue fees Ontario-based techs, security and other crews Advertising and marketing Onsite signage and stage dressing Administrative/Overhead costs

ie. Staff salaries, office space, equipment, corporate services

Canadian artists must form at least 50% of the total performance time of the event or tour.

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MORE ELIGIBLE ACTIVITIES & COSTS

Eligible Activity Window: December 1, 2019 – November 30, 2020

Business Development: Activities that will expand company capacity and accelerate the growth of live music in the province

Strategic Planning

Increasing the number of Canadian artists on company roster (Agents) or at an event (Promoters and Presenters)

Growing attendance and audiences

Professional Development

Creating new revenue streams

For a list of ineligible costs, please see guidelines.

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BUSINESS PLANS

Company Business Plan is required and must contain, at minimum:

Applicant profile

Company Strategy

Overview of business activities

Company S.W.O.T. analysis

A case for OMF funding

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BUDGETS & FINANCING

Applicants are required to submit two distinct budgets:

1. Comparative Company Budget

Overall company financial plan outlining all corporate revenue and expenditures for a specified fiscal period (year-over-year comparative)

2. Activity Budget

Ontario Creates template that includes cost breakdowns for each eligible activity, along with a summary of sources of financing for those activities

List activities in order of priority, and indicate the OMF $ amount requested for each activity

Operating Budget is optional (but recommended if different from the above)

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LIVE MUSIC: SOURCES OF FINANCING

50%

25%

25%

Financing of Total Project Budget

MAXIMUM PublicFunding contribution(including OMF Grant)

MINIMUM cashcontribution fromapplicant

MAXIMUM amounf ofin-kind contributionspermitted fromapplicant

OMF Contribution Applicant Contributions

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FUTURES: SOURCES OF FINANCING

10%15%

75%

Financing of Total Project Budget

MINIMUM cash contributionfrom Applicant

MAXIMUM amount of in-kindcontributions permitted fromapplicant

MAXIMUM OMF GrantFunding (Maximum PublicFunding of 75%)

OMF Contribution Applicant Contributions

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FUTURES: SOURCES OF FINANCING

40%

60%

Applicant Contribution

MINIMUM cash contribution

MAXIMUM amount of in-kindcontributions permitted

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HOW TO APPLY

Application is only available through Ontario Creates’ Online Application Portal

Company Information

Company Details

Activity Objectives

Activity Titles and Descriptions

Supporting Documents

Financial statements

Activity Plans & Activity Budgets

• Business Plan

• Back-up Quotes

• Proof of Insurance

• Marketing plan, Letters of support, Articles of Incorporation, etc.

Email [email protected] for technical support

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ASSESSMENT CRITERIA

Operational Capacity

Activities & Proposal

Organizational Impact

Economic & Cultural Impact

Sustainability

Diversity & Inclusion

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APPROVED! WHAT’S NEXT?

Short-term:

A conversation

Revised budget (if applicable)

Proof of insurance

Funding agreement

Longer-term:

Reporting (interim and final)

Financial statements

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TIPS & ADVICE

1. Read the guidelines and application requirements thoroughly

2. Be realistic with your funding request

3. Sell your unique business case

4. Know your competition (and let us know that you know)

5. Show how your proposed activities are new and/or expanded

6. Include measurable targets/outcomes resulting from activities

7. Don’t make assumptions

8. Be transparent - don’t be afraid to address obstacles & challenges

9. Double-check your work

10. Be concise and specific

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DEADLINE

Live Music & Music Futures (Live)

Thursday, October 3rd, 2019 – 5:00 pm

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CONTACT US

Ontario Music Office

[email protected]

Program Coordinators

416-572-0436

416-642-6696

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