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 for the international music marketplace. 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.
Applicants must be currently living on Cape Breton Island, be pursuing a professional career within the music industry, and be recording new material for commercial release to be considered eligible.
Most costs directly related to the recording and production of a new recording will be considered eligible. 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.
Ineligible costs include: 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, except where allowed within the allowance for promotional, not-for sale costs.
There is no deadline to apply.