Creative Saskatchewan Investment Programs
Highlights
This program is designed for businesses like yours in the creative industry. It offers financial support to help you achieve commercial success. Whether you are involved in film, TV, music, book publishing, live performing arts, or digital game development, this program can provide the funding you need.
Why Apply?
- Up to $1,000,000 in financing for your projects.
- Additional $150,000 for software or operating costs.
- Funds can be used for operating expenses, restorations, new equipment, software, and more.
Benefits
- Government-backed financing, offering more security and flexibility.
- Flexible repayment options with up to 15 years to repay.
- Easy qualification process tailored for creative businesses.
Being approved for this program can significantly boost your business, providing the resources you need to innovate, perform, and expand. Take advantage of this opportunity to enhance your commercial success and market access.
Financing Details
Type of Financing: Grant
Eligible Expenses:
- Production costs for film, TV, music, and digital game development.
- Costs related to live performing arts production and tour support.
- Expenses for marketing and promotion, including travel for showcasing or selling.
- Research and business improvement activities.
Use of Funds:
- Funds can be used for creating, performing, innovating, and exporting creative works.
- They support commercial success in various creative industries, such as film, TV, music, book publishing, live performing arts, and digital game development.
Restrictions:
- Funds cannot be used for personal expenses or non-business-related activities.
- They are not applicable for debt repayment or non-creative industry projects.
Fees:
- There are no application or processing fees associated with this grant program.
Qualifications
- Must be a creative industry business.
- Must be operating in Saskatchewan.
Must be involved in one of the following sectors:
- Film & TV
- Music
- Book Publishing
- Live Performing Arts
- Digital Game Development
- Craft & Visual Arts Production
- Marketing & Promotion
- Business Improvement
- Research
Disqualifications:
- Businesses not operating in Saskatchewan.
- Businesses not involved in the specified creative industry sectors.
Description
This program offers your business financial support to boost your creative projects. You can receive up to $100,000 to help with various expenses. This money can be used for:
- Production costs for film, TV, music, and digital games
- Marketing and promotion to reach new audiences
- Tour support for live performances
The funds are non-repayable grants, meaning you don’t have to pay the money back. This can significantly reduce your financial burden and allow you to focus on growing your business.
By participating in this program, you can enhance your commercial success and expand your market reach. This is a great opportunity to invest in your business’s future without the worry of repayment.
Program Steps
Gather Required Documentation: Prepare the necessary documents for your application. You will need:
- Business Plan
- Financial Statements (last two years)
- Proof of Business Registration
- Tax Returns (last two years)
- Project Proposal or Description
- Budget and Financial Projections
Complete the Application Form: Fill out the application form provided by the program. Ensure all sections are completed accurately.
Submit the Application: Submit your completed application form along with the required documentation. This can be done through the program's online portal or by mail, as specified.
Await Confirmation: After submission, you will receive a confirmation of receipt. The program administrators may contact you for additional information or clarification.
Review and Approval: Your application will be reviewed by the program administrators. This process may take several weeks. They will assess your business plan, financial health, and project proposal.
Receive Funding Decision: Once your application is reviewed, you will be notified of the decision. If approved, you will receive details on the funding amount and any terms and conditions.
Sign Agreement: If approved, you will need to sign a funding agreement outlining the terms and conditions of the grant or loan.
Receive Funds: After signing the agreement, the funds will be disbursed to your business account. You can then use the funds as specified in your project proposal.
Report Progress: Periodically, you may need to report on the progress of your project. This includes financial reporting and project updates as required by the program.
Complete Project: Once your project is completed, submit a final report detailing the outcomes and how the funds were used. This ensures compliance with the program's requirements.