Support for Eligible Music Companies

The Support for Eligible Music Companies program provides funding for business development initiatives that support the marketing and promotion of the company and its services, domestic and international travel to support the company’s development objectives through two components: Business Travel and Business Development. Please note that the Songwriter Support for Music Publishers component is currently on hold and will be launched at a separate time.

Components in this program

This program consists of two components, Business Development and Business Travel.

Who is Eligible

  • Artist Manager 2 or 3
  • Music Distributor 2 or 3
  • Record Label 2
  • Record Label 3
  • Record Label 4
  • Music Publisher 2 or 3

Only Eligible Music Companies that have an approved Applicant Profile with a company rating of 2 or higher are eligible to apply for this program.

Deadlines

Business Development:

Applications can be submitted at any time prior to October 21, 2021.

Note that FACTOR will only approve one Business Development component application per Applicant per FACTOR fiscal year. Applicants must submit a Business Development Plan with the template provided by FACTOR, outlining the nature and scope of the project. FACTOR will only recognize expenses related to eligible activities occurring within the FACTOR fiscal year (April 1, 2021 to March 31, 2022).

Business Travel:

Rolling deadline. Applications must be submitted to FACTOR at least one calendar day before departure, and no earlier than six months in advance.

 

Funding & Payments

Funding in this program is a grant. FACTOR will contribute 75% of the Total Eligible Budget to a maximum of:

  • $7,500 per Applicant companies rated 2 (max limit across both components per FACTOR fiscal year)
  • $20,000 per Applicant companies rated 3 and higher (max limit across both components per FACTOR fiscal year)

Assessment Process

FACTOR staff assess the eligibility of the projects and costs and make a recommendation to the Board of Directors for their approval. Assessment time is six to eight weeks from the application deadline, or date of application (Business Travel).