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Magazine Fund

Grants to Ontario Magazine Publishers
to Develop and Expand Operations

Agency Type:

Foundation / Corporation

Funding Source:

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Ontario Creates - Magazine Fund

Deadline Date:

05/28/20 5:00 PM ET

Description:

Request a Grant Writer

Grants to Ontario print and digital magazine publishers to support efforts to develop and expand operations. Projects that incorporate responses to the Coronavirus (COVID-19) crisis will also be considered. Funding is intended to support activities that increase revenue and strengthen operations.

All projects must:

  • Be an activity not already underway at the time of submitting the application or, if for an existing activity already in progress, demonstrate how funding would enhance the scope and impact of the activity 
  • Be focused on driving sales and increasing publisher revenue in a tangible and measurable manner and/or improving operational efficiencies and  productivity(expected return on investment is a key criterion for the jury in their review of the applications), or expected direct and positive impact on the Company’s overall business strategy must be stated.

For a list of eligible projects, see: http://www.ontariocreates.ca/Assets/Industry+Initiatives/English/Content+and+Marketing/Magazine+Fund/Magazine+Fund+Guidelines_en.pdf#page=7

Ontario Creates understands that COVID-19 has created many challenges across the creative industries. While the 2020-21 program application processes and deadlines will remain unchanged, please note: 

  • Projects may address necessary COVID-19 responses, in keeping with the program objectives. Companies will be permitted to budget funds for operations-related costs, including salaries. Project outcomes should account for these types of necessary expenses.
  • The cost of participating in virtual activities/events that facilitate international business and audience development will be eligible including costs associated with the preparation of marketing materials.
  • As the COVID-19 situation evolves, successful applicants will be permitted to make activity changes as necessary.

GrantWatch ID#:

GrantWatch ID#: 186217

Estimated Size of Grant:

Successful applicants are eligible to receive up to $75,000, depending on eligible sales revenue, capped at 75% of the total project budget.

Publishers may apply for the following levels of funding, based on eligible sales revenue:
Eligible sales revenue over $2,000,000
Total funding available per applicant: up to $75,000

Eligible sales revenue from $500,001 to $2,000,000
Total funding available per applicant: up to $65,000

Eligible sales revenue from $140,001 to $500,000
Total funding available per applicant: up to $40,000

Eligible sales revenue from $20,000 to $140,000
Total funding available per applicant: up to $35,000

For publishers with eligible sales revenues of less than $140,000, the total request for funding from this program should be in reasonable proportion to overall eligible sales revenue – i.e., approximately 25% of your eligible revenue.

Term of Contract:

Projects must be completed with Final Reports submitted by February 18, 2022.

Additional Eligibility Criteria:

Independent, Canadian-owned and -controlled, Ontario-based magazine publishers may apply for this program. In the case of affiliated companies and subsidiaries, only one may apply for funding.

Entities for which the same person, or group of persons, holds or controls the majority of shares with full voting rights, or has been shown to have control, will be considered affiliated. Where companies are not affiliated according to the above definition, to be considered non-affiliated a corporation must maintain full control over editorial processes, have editorial autonomy from any other publisher applying for this program, and must produce separate financial statements.

To be eligible to apply, the corporation must:
- Be a magazine publisher, publishing at the time of application;
- Derive more than 50% of the Company’s revenue from magazine revenues and related brand extension of the core magazine business (i.e., events, trade shows, website, television properties);
- Be Ontario-based, with its central place of business located in Ontario and pay Ontario corporate taxes;
- Be at least 75% Canadian-owned and -controlled;
- Be incorporated in a Canadian jurisdiction at the time of application submission;
- Be in good standing with Ontario Creates at time of application submission;
- Have a minimum sales revenue of $20,000; and
- Be financially solvent at the time of application.

Partners may be involved in your project. An eligible partner must be:
- One or more content creation companies from the book and magazine, film and television, interactive digital media, or music industries that was eligible to submit an application at the immediately preceding deadline for one of Ontario Creates’s Content, Marketing or Export Funds, or the Ontario Music Fund;
- An Ontario-based organization; and
- A Canadian-owned and -controlled organization.

Companies with less than two years of operations should contact Ontario Creates in advance of the application submission deadline.

Expenses incurred prior to the application being submitted are not eligible.

For information about eligible magazine titles, see:
http://www.ontariocreates.ca/Assets/Industry+Initiatives/English/Content+and+Marketing/Magazine+Fund/Magazine+Fund+Guidelines_en.pdf#page=3

For information about ineligible publications, see:
http://www.ontariocreates.ca/Assets/Industry+Initiatives/English/Content+and+Marketing/Magazine+Fund/Magazine+Fund+Guidelines_en.pdf#page=5

For information about ineligible expenses, see:
http://www.ontariocreates.ca/Assets/Industry+Initiatives/English/Content+and+Marketing/Magazine+Fund/Magazine+Fund+Guidelines_en.pdf#page=9

Pre-Application Information:

The deadline to apply is May 28, 2020, by 5:00 PM ET.

For COVID-19-related projects, please contact your program consultant in advance to discuss the specifics of your circumstances and projected deliverables.

Where Audited or Review Engagement financial statements are being prepared at the time of application, please contact the Program Consultant or Coordinator prior to application to discuss the submission of the statements at a later date. Please also provide the most recent financial statements with your application.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Apply online: https://apply.ontariocreates.ca/

Matt Hilliard-Forde, Program Consultant, Industry Initiatives
Phone: 416-642-6627
mhilliard-forde@ontariocreates.ca

Program Coordinator, Industry Initiatives
Phone: 416-642-6652
programs2@ontariocreates.ca

For help with the online application portal: applyhelp@ontariocreates.ca

URL for Full Text (RFP):

Geographic Focus:

Canada: Ontario

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