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Fonds Capital Culture Québec (FCCQ) provides support to cultural enterprises having a place of business in Quebec, dedicated to the creation, production, dissemination of cultural content and technical or technological support services offered to content business.

These enterprises typically operate in the performing arts, animation, digital production (excluding games), publishing and series production areas.

2. Financial products

Financial products

Fonds Capital Culture Québec uses quasi-equity and equity financial products and occasionally banking financial products to support enterprises.

For all projects, the minimum threshold is $2,000,000 and $500,000 for the youth animation sector. The maximum amount is $5,000,000.

Voting and participating shares

  • Minority participation
  • Voting and participating

Preferred shares

  • With a dividend aligned with market standards and the risk incurred
  • Redeemable at the issue cost plus any accrued and unpaid dividends 


  • With or without guarantee
  • Participatory or with share purchase option
  • Minimum interest rate aligned with market forces and the risk incurred for an unsecured loan
  • Loan guarantee

Units in limited partnerships

  • Pro-rata interest in investments
  • Maximum interest of 50% in the share capital of the general partner

Bank gap loan guarantee

  • For the production of youth animation series and films
  • Minimum of $500,000 per project
  • Cumulative maximum of $500,000 per enterprise
  • Maximum of 15% of a series budget
  • Maximum of 20% of a film’s budget

Other clauses

Enterprises must comply with the agreements settled with the Union des artistes, the Quebec Musicians’ Guild, the Union des écrivaines et des écrivains québécois and the Société de développement des entreprises culturelles.

Commitment fees are set at 2.5% of the investment amount.

Financial product mix and terms tailored to the needs of the enterprise and the project

Fonds Capital Culture Québec (FCCQ) may, in some cases, invite other financial partners to co-invest in the company. Cultural enterprises often find it hard to convince traditional financial backers. The FCCQ feels that inviting these financial backers to take part in joint ventures is an effective way to eliminate prejudices surrounding cultural enterprises.

3. How do we proceed?

How do we proceed?

Preliminary meeting

The interested entrepreneur contacts a member of the Fonds Capital Culture Québec (FCCQ) and preliminary analysis begins at the first meeting.

At this point, the FCCQ indicates whether it is interested in receiving an investment proposal. If so, the entrepreneur is invited to submit a business plan and financial statements for review.

In essence, the business plan must set out the nature of the enterprise’s business activities and products, describe the purpose of the financing application, include an analysis of the enterprise’s market and competition and present the team tasked to successfully implement the business plan.

Term sheet

After reviewing the business plan, the FCCQ confirms its interest in investing in the enterprise and a letter of intent is presented. This document outlines the main financial and business parameters of the potential investment. 

In the event of an agreement on the main investment parameters, a detailed analysis of the enterprise’s achievements and market and financial data is carried out by the FCCQ. Once this analysis is completed, the FCCQ submits an investment proposal to its board of directors for approval.

Investment offer

Following the approval of the proposal, an offer letter is issued to confirm the FCCQ's commitment to invest in the enterprise. This document details all the terms and conditions of the investment.


After carrying out the usual due diligence checks (legal, financial, business), the FCCQ proceeds with the disbursement of its investment and embarks on its partnership with the enterprise. The expertise of its team and its business network are then called upon to support the enterprise’s development.

4. Investment criteria

Investment criteria

The investment criteria of the Fonds Capital Culture Québec (FCCQ) for an enterprise seeking financing are based on the following: the objectives and quality of the enterprise’s business project, its product, its management team, its financial performance and its market.

The FCCQ will support business projects that:

  • Target international markets
  • Create and support job opportunities for artists and artisans in the culture industry
  • Support the development of Quebec’s intellectual property
  • Generate significant economic benefits for Quebec
  • Target the development of new business models

Innovation and quality of the product or service

Fonds Capital Culture Québec favours enterprises that have developed products or services of outstanding quality and originality. Enterprises must demonstrate how they stand out from the competition, the innovative aspects of their products and how these products can evolve over time.


Core team competencies

An enterprise’s success is largely dependent on its team’s creativity, the management quality, industry knowledge and the expertise of its leaders. The management team must demonstrate rigour, professionalism, competence and know-how.


Current and future profitability of the enterprise

The enterprise’s strategy should indicate how, over a period of three to five years, it will be able to generate sufficient profitability to meet the objectives of the business plan.


A solid business plan

To thrive, an enterprise must not only create and produce but also market its products. The business plan should identify the target market and its size, specify the promotional approach and broadcast and/or distribution channels that the enterprise intends to use to reach and influence the target market.