Company Envelope: Mid-Tier
Company Envelope: Mid-Tier is intended to serve businesses between FACTOR’s entry level Support for Eligible Music Companies programs and the Company Envelope: Top-Tier program. It replaces the Comprehensive Music Company program and is designed for increased flexibility for eligible activities and expenses during the program year.
Where to find the application?
You can find the Excel spreadsheet linked within the program guidelines, point 11 a.
I have existing CMC/JSR projects remaining active/generating expenses after the Mid-Tier intake. Will the costs be honoured or lost?
FACTOR will work with you to transition eligible expenses from active projects to Envelope.
Can an applicant apply budget to activities not yet set in stone – i.e. signing an artist to our roster mid-way through the year and investing in their career?
Yes, budget for these potential expenditures – with all possible realism.
Do I include all expenses (flight, accommodations, per diem, registration fees) when attending a conference?
Yes, include all expenses as the travel costs normally put through SEMC are now included in your annual Envelope funding plan.
Read the program guidelines.Download PDF
Components in this program
There are no components outside of the main Company Envelope: Mid-Tier funding in this program.
- Company Envelope: Mid-Tier
Application deadline for activities taking place from April 1, 2023, to March 31, 2024, has passed and deadline for fiscal 2024-2025 to be announced.
Read FACTOR’s Glossary of Standard Terms and Business Policies.
Funding & Payments
The maximum funding level for individual companies is up to $100,000; affiliated companies are capped at $150,000. The percentage of FACTOR’s contribution is 50% of total eligible expenses.
For full details on how applications are assessed make sure you read the program guidelines.
Contributions to Canadian music companies will be determined on two main criteria:
- The companies’ ability to reach audiences (assessed based on the applicant’s recent revenues and recent investments); and,
- The companies’ efforts to develop the careers of Canadian artists, to promote and develop audiences (based on an assessment of the business plan, including planned investments).
As Company Envelope: Mid-Tier funding provides financial support for companies’ investment plans in their Canadian artists in the upcoming fiscal year, the bulk of the budget is allocated via assessments of those plans. The budget is divided across the three assessment steps: 40% on revenue, 30% on recent investments and 30% for planned investments.