IDC Media & Audio Visual Funding : Industrial Development Corporation
Organisation : Industrial Development Corporation (IDC)
Facility Name : Media & Audio Visual Funding
Country : South Africa
Website : https://www.idc.co.za/media-audio-visual/
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What is IDC Media & Audio Visual Funding?
The Media & Audio-Visual Strategic Business Unit (SBU) places a primary focus on producing locally relevant and internationally palatable content, with an emphasis on feature films, animation and TV series. The SBU also aims to close the financing gap, as well as cash-flow – the film rebate incentive.
Related / Similar Facility : IDC Textiles & Wood Products Sector Funding
The objectives of the SBU include assisting in the following:
** Production, post-production, and broadcast studios
** The creation and acquisition of platforms across TV, radio, and digital media
** The development of new or alternative distribution systems for content
** The funding of gaming and interactive media
** Projects or initiatives that support the more significant media industry along the value chain, such as equipment rental.
Driving the development of South Africa’s film industry, the IDC Media and Audio-Visual SBU aims to ensure that local filmmakers and producers can create compelling films and content that are commercially viable in local and international markets.
How To Apply For IDC Media & Audio Visual Funding?
Application for funding should be in writing; a comprehensive business plan including an executive summary and detailed financials.
Media Funding:
** Studios
** Equipment
** Broadcast
** Digital media
** Gaming
** Other Media Projects
Applications for Content Production Funding:
Applications for content production funding i.e. feature film, television series, are selected through the pitching process. The Media and Audio-Visual unit holds pitches every two weeks; applicants have 10 minutes to pitch and the presentation should include the information below
** Synopsis of project and a brief overview of previous production experience.
** Shareholding structure for both the SPV and Production Service Company, transformation and skills development plans.
** The Finance Plan, total production budget, funding from other sources/investors as the IDC funds up to 49% of the total production budget
** The Recoupment Plan with sales estimates from an independent distributor or sales agent, pre-sales for budgets over R10m.
** Anticipated Timelines
Apply Here : https://protected.idc.co.za/clientportal/Home/Index?ReturnUrl=%2Fclientportal%2F
Benefits of IDC Media & Audio Visual Funding
The project must be of direct benefit to South Africa in any of the following ways:
** Must promote regional economic development with linkage to SA
** Upstream / Downstream businesses within IDC value chains
** Must develop and integrate regional value chains in line with IDC priority sectors
** Must support the implementation efforts of the AFCFTA in order to entrench the development of regional VCs and a move away from a reliance on offshore supply chains
The minimum size of the total project funding requirement must be:
** R5-million SACU-based investments
** USD 3 million for SADC-based investments
** USD10-million for investments in countries outside SADC
** Rand, US Dollar and Euro-based funding are available.