The Ontario Creates Interactive Digital Media (IDM) Fund is aimed at strengthening and stimulating economic growth in the interactive digital media sector.
The Global Market Development program provides eligible Ontario companies with funding to participate in international activities that support company growth and produce measurable business and market development results. Primary activities supported include targeted sales trips and attendance at international market events. The 2022-23 Global Market Development program includes program and administrative updates.
The Global Market Development program provides eligible Ontario companies with funding to participate in international activities that support company growth and produce measurable business and market development results (sales, financing, licensing and/or publishing deals, audience awareness, media coverage, partnership development, etc.). The proposed global market development plan must support the company’s content creation and exploitation activities. Primary activities supported include targeted sales trips and attendance at international market events.
The Global Market Development program will provide up to $15,000 capped at 50% of a participating company’s eligible expenses to engage in international business and market development activities between August 1, 2022 and August 31, 2023 as part of a comprehensive plan.
Eligible Applicants
- This program is open to interactive digital media content production companies.
- Established Companies must meet one of the following tests: at least 25% of the company’s revenue or 50% of the company’s expenditures over the previous two fiscal years comes from the creation of screen-based content products.
- They must also have at least one owner or full-time employee with a minimum full-time equivalent of three years of experience in the creation of professional, commercialized content for interactive platforms, networks or devices (video games, mobile content, websites, etc.)
Applications from all companies must also meet the following requirements:
- be Ontario-based; o have a permanent establishment in Ontario which serves as head office and base of operations (i.e. applicant is eligible to pay corporate income taxes in Ontario; and Ontario address is listed as head office in T2 filing); o companies with more than 365 days of operation must be able to demonstrate that they had a permanent establishment in Ontario for at least one year prior to the deadline.
- Be a Canadian-owned organization; o as defined in the Investment Canada Act (Canada).
- be incorporated in Ontario or federally or prepared to incorporate immediately if their application is successful;
- be in a sound financial position; and
- be in good standing with Ontario Creates at time of application submission.
Eligible Activities
- Eligible activities include virtual and in-person participation in key international industry markets and events, planned sales trips or media tours to key territories to meet with identified leads and participation in trade missions organized by industry associations and government agencies. Proposed activities must take place outside of Ontario.
- All activities, whether virtual or in-person must focus on international audience and business development opportunities.
Application Process Applicants must submit their applications electronically through the Online Application Portal (OAP) at https://apply.ontariocreates.ca/
Application Deadline: April 25, 2022 by 5:00 pm ET
For More Information: Visit Ontario Creates Interactive Digital Media (IDM) Fund Webpage
