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The Quebec Culture Capital Fund was created on November 7, 2011 by the Government of Québec and the Fonds de solidarité FTQ to provide innovative financing to Québec cultural organisations interested in exporting their projects and products.

The Quebec Culture Capital Fund has a $100 million budget to support the marketing and export of major Québec cultural products.

It proposes new and innovative financial instruments in the financing of Québec cultural organisations, which take the form of equity voting shares, preferred shares, and loans.


Evaluation

Files for potential investment are evaluated by the Quebec Culture Capital Fund’s management and professionals. They are reviewed by the Advisory Committee, composed of four experts from the cultural industries, and by the Investment Committee, composed of three directors who will approve the project. The projects are evaluated by the Quebec Culture Capital Fund according to the following criteria:

  • Growth and profit potential;
  • Contribution to creation and maintenance of jobs;
  • Expertise, experience and competence of managers;
  • Level of investment requested as compared to that of the applicant and/or other investors;
  • Economic benefits in Québec and potential for recognition of Québec outside of its borders;
  • Working conditions and staff relations within the company;
  • Compliance with agreements with affected associations;
  • Limits set for each category and project.

During the project evaluation process, management can transmit letters of intention and offers which describe the types of financing proposed, subject to project approval.