CBMIC, through the generous support of the Atlantic Canadian Opportunities Agency, is now accepting applications to our brand new Product Development Program. This program will match investment from artists in the music industry who are developing new products. Physical music sales have been steadily declining in Canada for years now, while live music sales have increased and are projected to continue to increase in the coming years. (Source: PWC, Global Entertainment and Media Outlook, 2015-2019, June 2015) Recorded music remains a key resource in developing touring markets, this program will help to ease the cost of producing recorded music for artists.
Product Development Program Guidelines
In order to apply you will need the following information:
- A copy of your artist bio along with a discography, links to social media content, commercial media content, awards, successes and achievements.
- Project Outline providing a description of the project including timelines, contractors/suppliers, project outcomes.
- The proposed release date for your project.
- A link to a sample of your music to be recorded for this project. (One track only)
- A copy of your budget showing all pertinent expenses and revenues.
Who is eligible to apply:
The Product Development Program is accessible to all Cape Breton based artists or groups who are pursuing a professional career within the music industry and are recording new material for commercial release. There are no restrictions on genre of music. Of course, Cape Breton based is fairly opened to interpretation, so we’ve devised a series of questions included in the application process that our jurors will use to assess the eligibility of each artist or group. At CBMIC we strive to aid first and foremost artists that live and work on Cape Breton Island though we realize that there are various circumstances that keep Cape Breton artists all over the world. A strong weighting will be given to those applicants who remain living on Cape Breton Island on a year-round basis.
All suppliers/contractors should be operating in Cape Breton. Music Producers from outside of Cape Breton are an eligible expense. Eligible expenses are only those that have occurred after the application has been submitted to CBMIC. Eligible expenses include but may not be limited to:
- Studio time
- Hiring an engineer, producer and musicians (other than the applicants)
- Renting recording equipment
- Hiring instrument tech/vocal coach
- Mixing and mastering
- Graphic design for album artwork
Ineligible expenses include but may not be limited to:
Equipment purchases and purchases of capital assets, taxes that are subject to rebate to the recipient (such as HST), musicians’ union dues, penalties, fines, pension contributions and any other union-mandated payments, CD, vinyl or other music media manufacturing and duplication costs.
The funding available through this program is 50% of the total eligible budget up to a maximum of $5,000. Successful applicants will receive 50% of the allotted funding upon receipt of a fully executed Funding Agreement. The following 50% of allotted funding will be released only when the Final Report for the applicant’s project has been submitted and reviewed by CBMIC.
The Final Report must contain the following items:
- A budget with projected and actual revenue/expenses stated in Canadian dollars and must provide reasons for any significant variances.
- Invoices and/or receipts that list items and charges, and cancelled cheques or receipts as proof of payments (2 copies) must be included and add up to the expenses declared in the Budget
- A completed and signed letter stating any additional funding that was received by the applicant for the project.
- A copy of the recording produced through the assistance of the Product Development Program
In all publications, promotional materials, signage and activities relating to the Project in this Agreement, the Applicant must acknowledge the financial support received from CBMIC by including the words, or like sentiment of, “This project is supported by funding from the Atlantic Canada Opportunities Agency through the Cape Breton Music Industry Cooperative.”
Shauna Walters, Program Manager
Product Development Program
There is no deadline to apply.
Please contact our Program Manager, Shauna Walters for more information by email: email@example.com