Gap financing is a bank guarantee evaluated according to the sales potential of the product on international markets. Such financing is intended above all for film and television productions.

• Features

  • A guarantee covering up to 40% of the financial structure

  • A maximum of CAN $5 million per project

  • A guarantee for a maximum of 36 months

  • A maximum of 30% of the capital committed by FIDEC in respect of a given company

Eligibility criteria

Québec and foreign companies engaged in strategic alliances with a Québec company or which maintain a stable place of business in Québec and whose projects generate significant economic spinoff in Québec are eligible for gap financing.

An investment can be made in exchange for a share of the profits generated by the project and the sales of derivative products on international markets. This form of financing is intended mainly for the performing arts, i.e. productions that require heavy investment, and audiovisual and multimedia productions offering prospects of high return, such as musical comedies, the circus arts, the development of artists' careers, animation productions, and IMAX productions.

• Features

  • A maximum of CAN $2 million per project

  • A maximum of 10% of the capital committed by FIDEC in respect of a given company

Eligibility criteria

Québec and foreign companies engaged in strategic alliances with a Québec company or which maintain a stable place of business in Québec and whose projects generate significant economic spinoff in Québec are eligible for such investment.

In partnership with producers and distributors, the acquisition of rights is intended for enterprises in the audiovisual, sound recording, entertainment and multimedia sectors and with respect to any other business opportunity arising in the cultural sector.

• Features

  • A maximum of CAN $2 million per project

  • A maximum of 10% of the capital committed by FIDEC in respect of a given company

Eligibility criteria

The acquisition of rights is reserved solely for Québec-controlled enterprises.

This type of financing takes the form of a direct holding in the capital stock of enterprise at the request of the Fonds d'investissement de la culture et des communications (FICC)*. It may take the form of bonds or convertible or non-convertible guaranteed or non-guaranteed debentures. This form of financing is intended for the performing arts, publishing, sound recording, arts and crafts, audiovisual and multimedia sectors.

• Features

  • A maximum of CAN $2 million

  • An investment equivalent to up to 50% of the company's capital stock

Eligibility criteria

Investment in equity, quasi-equity or debt is reserved solely for Québec-controlled enterprises.

* The Fonds d'investissement de la culture et des communications (FICC) is a venture capital fund intended for developing or expanding cultural and communications enterprises. The Fonds de solidarité des travailleurs du Québec (FTQ) and the Société de développement des entreprises culturelles du Québec (SODEC) sponsor the fund.