FICC provides support to profit-minded cultural enterprises as well as enterprises in the social economy, namely non-profit organizations (NPOs) and cooperatives (co-ops), having a place of business in Quebec.

These companies are dedicated to the creation, production, dissemination of cultural content and technical or technological support services offered to content businesses.

These companies typically operate in areas of the performing arts, publishing, audiovisual, recording, radio, television, multimedia and digital.

Financial products

FICC provides businesses with financial products such as quasi-equity and equity. Occasionally,  FICC can use bank financial products.

Equity loan

Unsecured debt bearing interest at a rate based on the risk rating of the file.

A premium to participate in the gain associated with the growth of the company can take various forms:

  • Option to purchase shares or warrants
  • Royalties on sales or profits as a percentage or lump sum determined in advance
  • Any other form of bonus suited to the financial structure of the company

The loan period is up to 8 years.

Interest is payable on the first day of the month, starting the first month after disbursement.

The payment of interest and repayment of principal are made by pre-authorized debit.

Equity participation

Unless special circumstances, FICC will not hold the majority of voting shares in the company. It may also hold preferred shares.

Shareholder agreements between FICC and other shareholders of the company include, inter alia, provisions allowing the FICC to protect its investment and clauses guaranteeing the redemption of shares held by the FICC.

Other clauses

Companies must comply with the agreements with Union des Artistes (UDA), Quebec Musician’s Guild, Union des écrivaines et des écrivains québécois, SODEC and L’Association du Disque et de l’industrie du spectacle québécois (ADISQ).

The commitment fees are set at 2.5% of the total amount of the investment.

The financial product mix and conditions are customized to meet the needs of the companies

FICC may invest up to $ 3 million in a single company, including $ 1.5 million in a first round. The minimum investment in a for-profit company is $ 250,000 and is $ 150,000 in a company of the social economy.

On occasion, FICC invites other financial partners to join in the financial structure of a company. The reason for this approach is that cultural companies often have difficulties selling their projects to traditional financiers. FICC feels that inviting these financiers into joint ventures is an effective way to eliminate the prejudices surrounding the cultural industry.
as much as
3 000 000$

How do we proceed?


A preliminary meeting

The entrepreneur contacts a member of FICC, and the preliminary analysis begins at the initial meeting. At that time, FICC indicates whether it is interested in receiving an investment proposal. If so, it invites the entrepreneur to submit a plan and the company’s financial statements for review.

In essence, the business plan must sert out the nature of the company’s operations, the features that make the product for which funding is sought superior to and different from the competition, how the company plans to market this product and a presentation of the team that will successfully carry out the business plan.

Deal memo

After reviewing the business plan, FICC confirms its interest in investing in the company and a letter of intent is presented. This document outlines the main financial and business parameters for use in a possible investment.

In the event of an agreement on the key investment parameters, a detailed analysis of the company's achievements, market data and financial data is performed by FICC. Once this analysis is completed, FICC submit an investment proposal to its Board of Directors for approval.

The offer of investment

Following approval of the investment, an offer letter is issued to confirm the commitment to invest in the company. This document presents all terms and conditions of the investment.


After completing the usual due diligence (legal, financial, business), FICC proceeds to the disbursement of its investment and starts its partnership with the company. The expertise of its team and its business network are then called upon to support the company in its development.

Investment Criteria

The investment criteria of FICC for any company looking for funding, are based on the following elements: objectives and qualities of its business plan, its product, management team, financial performance and market.

FICC will foster business plans aimed at:

  • Growth of the company. 
  • Marketing of a product and / or market expansion. 
  • Development of new business models. 
  • Technological innovation. 
  • Merger and acquisition of businesses whose goal is to consolidate an industry sector in Quebec or on the international market. 
  • Allowing a company's succession to continue to contribute to the prosperity and development of the cultural industry.

The quality and innovation of the product or service

FICC favours companies that have developed products or service s of outstanding quality or originality. Companies must demonstrate how they stand out from the competition, the innovative aspects of their products and how those products will be able to evolve over time.

The quality of the team

The success of any cultural company is largely dependent on the creativity of its team. Equally important are its strategic plan, business vision, management quality, industry knowledge and leadership expertise. The management team must demonstrate rigorous professionalism as well as competence and know-how.

The current and future profitability of the company

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

A solid business plan

To thrive, a company must not only create and produce but it must also sell its products. The business plan should highlight the shape and size of the target market, identify the promotional approach and broadcast channels and / or distribution that the company intends to use to reach and influence the market.