ONTARIO MUSIC FUND Live Music & Music Futures (Live) 2019 …Initiatives/... · Eligible Activity...
Transcript of ONTARIO MUSIC FUND Live Music & Music Futures (Live) 2019 …Initiatives/... · Eligible Activity...
ONTARIO MUSIC FUND
Live Music & Music Futures (Live)2019-2020
Presented by: Dahlia Thompson & Aisha Wickham
September 4, 2019
www.ontariocreates.ca
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
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
www.ontariocreates.ca
Significant financial investment into Ontario’s
music industry
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
www.ontariocreates.ca
PROGRAM OBJECTIVES
www.ontariocreates.ca
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
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?
www.ontariocreates.ca
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!
www.ontariocreates.ca
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
www.ontariocreates.ca
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.
www.ontariocreates.ca
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.
www.ontariocreates.ca
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
www.ontariocreates.ca
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)
www.ontariocreates.ca
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
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
www.ontariocreates.ca
FUTURES: SOURCES OF FINANCING
40%
60%
Applicant Contribution
MINIMUM cash contribution
MAXIMUM amount of in-kindcontributions permitted
www.ontariocreates.ca
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
www.ontariocreates.ca
ASSESSMENT CRITERIA
Operational Capacity
Activities & Proposal
Organizational Impact
Economic & Cultural Impact
Sustainability
Diversity & Inclusion
www.ontariocreates.ca
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
www.ontariocreates.ca
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
www.ontariocreates.ca
DEADLINE
Live Music & Music Futures (Live)
Thursday, October 3rd, 2019 – 5:00 pm
www.ontariocreates.ca
CONTACT US
Ontario Music Office
Program Coordinators
416-572-0436
416-642-6696
www.ontariocreates.ca