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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, as well as domestic and international travel to support the company’s development objectives.

Components in this program

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

Who is Eligible

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

Deadlines

For Business Development, there are two rounds of application deadlines.

Round 1 – April 26, 2018

Round 2 – September 27, 2018

Applicants must submit a Business Development Plan with the template provided by FACTOR, outlining the nature and scope of the project. All Business Development projects must be scheduled to take place within the FACTOR fiscal year (April 1 2018 – March 31 2019).

Multiple Business Travel applications can be submitted throughout the year, subject to the Program and Component Guidelines.

Business Development Applications must be submitted by 11:59 PM PST on April 26, 2018 for Round 1, or September 27, 2018 for Round 2.

Funding & Payments

Funding in this program is a grant. FACTOR will contribute 50% of the Total Eligible Budget to a maximum of:

  • $7,500 per Applicant companies rated 2 (max limit across both components)
  • $20,000 per Applicant companies rated 3 and 4 (max limit across both components)

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 date of application.