Discover our products and criterias
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
