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Music PEI Investment Program – Career Investment Program

ByMaurice

Amount:

$10,000

Type of Program:

Grants

Description:

The Career Investment Program supports exporting artists who have demonstrated a commitment to a career in the Music Industry and are currently exporting their product to markets outside of PEI.

Comments on Funding:

Funding is up to $10,000 over 1 year, 75% payable on approval and remaining payable on completion of final report. 

When It Ends:

Ongoing

Deadline:

2022 dates to be announced

Eligibility:

The applicant must:

  • career artists (artists fulfilling seven (7) of the following nine (9) criteria: 
  • have an up to date marketing and business plan,
  • have at least three (3) commercial releases (minimum six (6) songs or thirty (30) minutes), at least one of which must have been released within the past thirty-six (36) months.
  • have a minimum of 50,000 streams on Spotify and/or other streaming services (includes YouTube views),
  • have upcoming bookings or a contract for a current musical production (i.e. live performance, stage production, song-writing collaboration, composition/soundtrack interest from film/TV, etc.),
  • have a dedicated bank account for their business,
  • have a history of regional industry recognition/awards,
  • have toured at least once outside of Canada or three times (3) outside of Atlantic Canada,
  • have an established team infrastructure (may include but is not limited to: manager, booking agent, or publicist),
  • have a minimum of 3,500 combined Likes/Follows on Facebook, Twitter, Instagram, or other social media).
  • PEI residents (the primary artist and/or the majority of the group must have a permanent address in PEI and the applicant has been a resident of PEI for at least one year),
  • Music PEI members.

Application Steps:

1

are encouraged to meet with the Program Officer prior to submitting applications,

2

must submit a proposal through the online application process.

​Career Investment applicants are only able to submit 1 application per deadline. Applicants who are successful in attaining investing through the Career Investment Program will not be able to apply for the round of investment funding that immediately follows.

Documentation Needed: 

​Applicants must submit a proposal including the following:

  • contact Information, 
  • the proposed project,
  • support materials,
  • a link to recorded music,
  • an artist biography and a high res artist photo,
  • a website and/or links to all other online profiles,
  • a detailed budget,
  • a business plan (including a critical path as well as a marketing plan).

​Applicants must complete an online “Completion Report” when submitting for final payments. It must include a full written summary of the project, measures for the success of the project and copies of all expenses and invoices.

Program Contact:

​Music PEI Programs - How Decisions Are Made

​Career Investment Program​​​

​Music PEI Investment Applications​​​

Related posts:

PEI Business Registry: Plain English Guide for Prince Edward Island Entrepreneurs
Major Industries in Prince Edward Island: Overview of 8 Top Industries
Aboriginal Business Financing Program (ABFP)
Jobs and Growth Fund (JGF)

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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