The Ontario Media Development Corporation (OMDC) has recently announced the creation of a new pilot fund. The Intellectual Property Development Fund is a new assistance program, designed to help qualified Ontario corporations bring screen-based content closer to production or market ready stage. Assistance is provided in the form of a 30% refund on eligible costs incurred between April 1, 2009 and March 31, 2010 in direct support of eligible projects. The refund is capped at $150,000 per corporate group (a group of associated companies each of which may apply individually for assistance), plus a possible 10% bonus capped at $20,000, based on specific criteria.

The Intellectual Property Development Fund is a $10 million pilot project, and applications are accepted on a first come first serve basis. It is not yet clear whether additional funds for the program will be allocated in the 2010 Ontario provincial budget. Given the limited funds, it is essential that companies considering filing an application do so as soon as reasonably possible.

MCN is pleased to offer corporations interested in applying for the IP Fund a comprehensive application service, whereby our consultants will prepare and submit an application for your organization. For more information about the Intellectual Property Fund, please visit http://www.omdc.on.ca/Page5575.aspx. To learn more about how MCN can assist your organization in filing an application, please Contact Us.