OMIF – Music Industry Initiatives
Music Industry Initiatives
DeadlineOctober 26, 2023
5:00 PM EST
DeadlineOctober 19, 2023
5:00 PM EST
Deadline 1May 4, 2023
5:00 PM EST
Deadline 2September 14, 2023
5:00 PM EST
Global Market Development for Music Managers
DeadlineJune 15, 2023
5:00 PM EST
The OMIF Music Industry Initiatives (MII) stream provides support to Ontario's established music trade associations and music service organizations to offer initiatives, events and activities that strengthen, support and stimulate the economic and cultural growth of Ontario's music industry.
MII will provide funding to successful applicants that engage in strategic and collective initiatives with long-term impacts on growth and sustainability in the music sector by building market share, increasing sales, promoting innovation and expanding regional capacity. Eligible activities include: professional development, training, networking/business to business initiatives, business analytics and market development export activities (including showcasing Ontario talent).
The OMIF Music Industry Initiatives stream has a continuous application intake, and applications may be submitted from program launch until Thursday, October 26, 2023 at 5:00 PM ET.
Applicants will receive a response within 8-10 weeks of submitting an application.
Please note: Applications submitted after September 30, 2023 will be reviewed along with those received on the final program deadline, resulting in a longer response time.
Funding is provided in the form of direct grants towards costs of eligible activities. The OMIF Music Industry Initiatives stream requires applicants to provide a matching contribution to ensure that maximum ROI is achieved from provincial investment. Applicants must demonstrate clear, measurable outcomes which align with the objectives of the MII stream.
- Activities must take place within a (maximum) 12-month activity window ending no later than December 31, 2024.
- Spending may commence once an application has been submitted (at applicant’s own risk), provided a valid certificate of insurance is in place.
- For activities that are event-based (e.g. showcases, conferences, public-facing training programs) applications must be submitted a minimum of eight weeks in advance of the event.
- The minimum funding request is $10,000.
Applicants may submit more than one application to this program, provided the total funding request does not exceed the maximum funding amount of $300,000.
Music Industry Trade Associations and Music Service Organizations
Note: Full eligibility requirements can be found in the MII Program Guidelines.
IMPORTANT: First-time applicants must contact the Ontario Music Office (OMO) at least three weeks ahead of the application deadline to discuss eligibility. Email inquiries to firstname.lastname@example.org.
- Applicants must submit their applications electronically through the Ontario Creates Online Application Portal (OAP) at https://apply.ontariocreates.ca.
- Applicants that do not have a user account on OAP should go to https://apply.ontariocreates.ca/ and click on “Register.” For assistance, please see Ontario Creates’ website for the “OAP Quick Start Guide”.
- For technical assistance, please contact the OAP Helpdesk at email@example.com.
- Applicants are strongly encouraged to begin the application process early to allow ample time to compile and complete the necessary information. The application may be worked on incrementally, saving information as it is entered. Once saved, it's possible to go back and edit/add information up until the application is completed and ready to be submitted.
Late applications will not be considered for funding.
Prior discussion with Ontario Creates regarding the eligibility of an organization or activity does not guarantee funding.
Interested applicants are strongly encouraged to attend an Ontario Creates Webinar Session. Please complete the online registration form linked below by 5:00 pm ET on the day prior to the webinar session.
|Webinar 1:||REGISTRATION REQUIRED|
|Date:||Thursday, April 20, 2023|
|Time:||11:00 AM - 12:00 PM ET|
|Webinar 2:||REGISTRATION REQUIRED|
|Date:||Wednesday, August 16, 2023|
|Time:||11:00 AM - 12:00 PM ET|
Attending a Webinar Session is not a substitute for reading the guidelines. Please read the guidelines.
GUIDELINES, DOCUMENTS AND APPLICATION FORMS
Application Form/Online Application Portal
Applicants are encouraged to thoroughly review the guidelines and Program Policies, and if necessary, register your company’s corporate information with the OAP.
Program Coordinator, MII
Enquiries regarding the Online Application Portal (OAP) should be directed to firstname.lastname@example.org
To receive notification of upcoming deadlines and program updates, please register with your complete contact information, including your full name, company name and telephone number, as well as the name of the program that you are interested in.
Frequently Asked Questions
OMIF - General
What Is the Ontario Music Investment Fund (OMIF)?
The OMIF (formerly the Ontario Music Fund) was launched in 2020 to provide targeted economic development investment to the province’s vibrant and diverse music industry.
The Key Program Goals:
- Focus resources on music companies/organizations with strong growth potential by:
- Providing investment to drive long-term growth; and
- Maximizing ROI and enhancing opportunities for emerging talent.
- Strengthening support at critical stages in the career of artists.
The OMIF has four program streams:
- Music Creation
- Music Industry Initiatives
- Global Market Development for Music Managers
- Live Music
- Focus resources on music companies/organizations with strong growth potential by:
Who is eligible to apply to the OMIF?
The program provides support through four program streams – applicants include:
- Music Creation — eligible domestic and multinational record labels and domestic music publishers. Eligibility as a domestic record label may extend to high potential self-releasing BIPOC (Black, Indigenous, People of Colour) and Francophone artist-entrepreneurs.
- Music Industry Initiatives — eligible music industry trade associations and music service associations.
- Global Market Development for Music Managers — eligible music management companies support to participate in national and international activities that correspond to a strategy for company growth.
- Live Music — eligible domestic music promoters and presenters (including festivals)
- Domestic music promoters and presenters with revenues under $1M who meet the eligibility criteria for OMIF as well as Reconnect Ontario may not receive funding from both programs for the same event in the same activity window. Domestic music promoters and presenters (including festivals) with revenues over $1M who meet the eligibility criteria of Reconnect Ontario are NOT eligible to apply for OMIF..
- Domestic music promoters and presenters with revenues over $1M who do not meet eligibility criteria for the Reconnect Ontario may be considered eligible for OMIF support. Please contact the Ontario Music Office (OMO) a minimum of two weeks ahead of the application deadline to discuss eligibility.
- First–time applicants are strongly encouraged to contact the OMO a minimum of two weeks ahead of the application deadline to discuss their eligibility.
How does OMIF define an emerging artist and can I only apply for emerging artists?
Under OMIF, an emerging artist is defined as an artist or group that has not achieved Gold Album status in Canada in the past 6 years and has had no more than 3 gold albums in their career (Gold Album threshold is currently 40,000 Album Equivalent Units sold). The Gold Record threshold is a useful guide to identify artists at earlier stages in their careers. If you are unsure of an artist’s status, visit https://musiccanada.com/gold-platinum/.
Recognizing that the meaning of “emerging” may vary for different artists/genres/communities, alternative approaches to defining an emerging artist may be considered if accompanied by a sound rationale. Applicants may apply for activities that support artists at all stages in their careers, but funding for emerging artists will be prioritized.
Applicants may apply for activities that support Canadian artists at all stages in their careers, but funding for emerging artists will be prioritized.
What is the definition of a "Canadian" artist?
A “Canadian Artist” must be a Canadian citizen or have landed immigrant status. A Canadian group is defined as having more than one member, at least half of whom are Canadian citizens or permanent residents.
OMIF – Music Industry Initiatives
How does the eligibility window work?
Since the Music Industry Initiatives stream has a “rolling deadline”, applications may be submitted from program launch until October 26, 2023 by 5:00 PM ET. Activities must take place within a (maximum) 12-month window ending no later than December 31, 2024. Spending may commence once an application has been submitted, provided a valid certificate of insurance is in place.
Note: Applicants that choose to commence spending prior to funding approval do so at their own risk.
For activities that are event-based (e.g. showcases, conferences, public-facing training programs) applications must be submitted a minimum of eight weeks in advance of the event.
OMIF - Technical
How many years’ worth of financial statements am I required to submit?
Financial statements for the most recently completed fiscal year and the previous fiscal year, for a total of two sets of financial statements are required. Financial statements must be current and dated within six months of the applicant’s fiscal year-end.
For example, for the September 14, 2023 deadline, if the applicant’s fiscal year-end is prior to and including February 28, 2023, then financial statements for 2023 or 2022 (most recently completed fiscal year) and 2022 or 2021 (previously completed fiscal year) are required upon application submission. For the October 20 & October 27, 2023 deadlines, if the applicant’s fiscal year-end is prior to and including March 31, 2023, then financial statements for 2023 or 2022 (most recently completed fiscal year) and 2022 or 2021 (previously completed fiscal year) are required upon application submission.
At the time of application my company will have just reached its Fiscal Year End and audited financials will not be ready for a couple of months. Are we ineligible?
Financial statements must be current and dated within six months of the applicant’s fiscal year-end.
- Internally prepared statements will be accepted for applications requesting $15,000 or less (note: minimum request is $10,000).
- A minimum of Compilation Engagement Report or Notice-to-Reader financial statements will be accepted for applications requesting more than $15,000 and up to $150,000. Financial statements must be prepared and signed by a third party accountant who is a member in good standing of a provincial branch of the Chartered Professional Accountants (CPA).
- Review engagement or audited financial statements are required for applications requesting more than $150,000, and must be conducted by an independent public accountant.
What is the definition of a “Canadian-controlled corporation”?
Canadian-controlled corporation” is generally a corporation that is more than 50% owned by Canadians, as determined under sections 26 to 28 of the Investment Canada Act (Canada).
What are the criteria that a company needs to meet in order to be an Ontario-based music company?
To be considered Ontario-based, the company must be registered in Ontario and have a permanent office in Ontario.
Are there specific dollar amounts that I should submit in the budget for travel, accommodations and meals?
Air travel should be budgeted at economy rates and should reflect the costs of booking at least 30 days in advance of travel. Accommodation expenses should be at moderate per night rates and should reflect the average for the travel destination/activity, and per diems are capped at C$75/day for domestic travel and C$100/day for international travel (including daily meals and incidentals).
Can I include the cost of capital expenditures (purchase of equipment, software, etc.) in my activity budget?
As outlined in the OMIF Guidelines, costs related to capital expenditures (i.e. equipment, software) are restricted to specific circumstances. In the circumstances where costs related to capital expenditures are permitted to be included in the activities budget, an applicant can only include the “amortization expense” related to the cost of the capital expenditure. Where a capital asset has been rented, the actual rental cost is permitted for inclusion.
The amortization expense for each capital expenditure must be calculated using the prescribed amortization method outlined in each program stream guideline (i.e. straight line method, % of cost). See the applicable guidelines to determine the maximum amount of amortization expense that is eligible to be included in the activities budget.
Do the expenses listed in the activities budget and cost report include sales taxes (GST/HST, PST, VAT)?
No. Taxes that are recoverable by the applicant may not be included in the Activities Budget or claimed as an eligible cost in the Final Cost Report.
What is a Related Party Transaction?
Related parties exist when one party has the ability to exercise, directly or indirectly, control, joint control or significant influence over the other. Two or more parties are related when they are subject to common control, joint or common significant influence. Related parties also include management and immediate family members.
A related party transaction is a transfer of economic resources or obligations between related parties, or the provision of services by one party to a related party, regardless of whether any consideration is exchanged. The parties to the transaction are related prior to the transaction. When the relationship arises as a result of the transaction, the transaction is not one between related parties.
Control of an enterprise is the continuing power to determine its strategic operating, investing and financing policies without the cooperation of others.
Joint control of an economic activity is the contractually agreed sharing of the continuing power to determine its strategic operating, investing and financing policies.
Significant influence over an enterprise is the ability to affect the strategic operating, investing and financing policies of the enterprise.
[This definition is quoted directly from the CICA Standards & Guidance Collection paragraph 3840.03.]
What is an Associated Corporation?
One corporation is associated with another in a taxation year if, at any time in the year:
- One of the corporations controlled, directly or indirectly in any manner whatever, the other;
- Both of the corporations were controlled, directly or indirectly in any manner whatever, by the same person or group of persons;
- Each of the corporations was controlled, directly or indirectly in any manner whatever, by a person and the person who so controlled one of the corporations was related to the person who so controlled the other, and either of those persons owned, in respect of each corporation, not less than 25% of the issued shares of any class, other than a specified class, of the capital stock thereof;
- One of the corporations was controlled, directly or indirectly in any manner whatever, by a person and that person was related to each member of a group of persons that so controlled the other corporation, and that person owned, in respect of the other corporation, not less than 25% of the issued shares of any class, other than a specified class, of the capital stock thereof; or
- Each of the corporations was controlled, directly or indirectly in any manner whatever, by a related group and each of the members of one of the related groups was related to all of the members of the other related group, and one or more persons were members of both related groups, either alone or together, owned, in respect of each corporation, not less than 25% of the issued shares of any class, other than a specified class of the capital stock thereof.
[This definition is quoted directly from Subsection 256(1) of the Income Tax Act (Canada)].
What is considered a recoupable expense?
A recoupable expense is an amount of money, and/or the cost of goods or services that is offered to an artist in a recording, license, publishing, performance or any service agreement; the recoupable amount is then paid back to the record label or publisher, usually at the rate of the artist’s share of royalties and/or other form of earnings. Recoupable amounts are generally paid back to the offer in first position, meaning that the artist receives no royalties until recoupment.
Applicants will be required to clearly state recoupable expenditures where applicable. OMIF funding provided to eligible Applicants for artist expenditures and investment may be nonrecoupable in certain cases.
For funding that comes from private sources, how do I list that in my Financing Plan (i.e. Radio Starmaker Fund and private broadcaster-portions of FACTOR)?
For consistency, OMIF will recognize all FACTOR funding as 50% public and 50% private. Radio Starmaker Fund is 100% private. Applicants should list the applicable funding from these entities in the appropriate lines in the Financing Sources section of the Activity Budget Financing Plan.
What are you looking for in my company business plan?
Business Plans must contain, at minimum, the following components:
- Applicant profile (company history, the team, and description of the unique space you fill in the marketplace)
- Overview of business activities, including and short/long-term goals. Outline competitive strengths, artist development strategies, human resources, corporate financing and other key details
- A S.W.O.T. analysis (strengths, opportunities, weaknesses, threats) that demonstrates your knowledge of the market conditions in which you are operating
- An outline of risk management and mitigation plans for any risk factors (including financial, logistical, HR, operational, environmental, health & safety, and legal) that could potentially impact your operations and proposed activities.
- Case for Eligible Activities to be Funded: How can these activities take you to the next level? We want to help you grow beyond what you’re already doing…. Present a clear picture of how, with our assistance, you can make this happen. (Essentially we are looking for an analysis of how OMIF support will contribute to company growth and long-term potential; how your company demonstrates the capacity to undertake the proposed activities, and what the anticipated outcomes are for activities. Please refer to Appendix 2 of the guidelines for a list of potential Measurable Outcomes that you could speak to in your business plan.
When do I need to provide a certificate of insurance and what are the requirements?
At the time of the application, eligible applicants are only required to acknowledge they have or can obtain general liability insurance.
Successful funding recipients must provide a Certificate of Insurance before the transfer payment agreement can be executed and it must contain all of the following criteria:
- Commercial general liability insurance on an occurrence basis for third-party bodily injury, personal injury, and property damage, to an inclusive limit of not less than two million dollars ($2,000,000) per occurrence
- Ontario Media Development Corporation* and His Majesty the King in right of Ontario as additional insureds with respect to liability arising in the course of performance of the Recipient’s obligations under, or otherwise in connection with, the Agreement (Address: 175 Bloor Street East, South Tower , Suite 501, Toronto, ON M4W 3R8)
- Cross-liability clause
- Contractual liability coverage
- 30-day written notice of cancellation, termination, or material change
* Ontario Creates’ legal name is Ontario Media Development Corporation. When naming additional insureds on the certificate, please use “Ontario Media Development Corporation and His Majesty the King in right of Ontario” (not Ontario Creates).
Please note the eligibility activity window will reflect the first day that you are insured until the last date of the activity window.