FUNDING – FACTOR JURIED SOUND RECORDING PROGRAM

The FACTOR Juried Sound Recording Program funds a portion of the cost of production of an original full-length sound recording, and contributes to the marketing and promotion of that sound recording under the Marketing, Tour Support, Showcase, Radio Marketing, and Video components. Submissions are assessed by an independent jury of music industry professionals.

Eligibility

Artists rated General or 2 on their own behalf if the artist is unsigned, or record labels rated Approved, 2 or 3.

The next deadline for applications is October 17th, 2019.

Applicants can only apply to one of the two juried programs (either Artist Development or Juried Sound Recording), and only at one of the two deadlines (May 16 or Oct 17).

Applicants will not be able to apply to two deadlines in a row. If an applicant applies to the May 16 deadline, they cannot apply to either program at the October 17 deadline. Applicants will have to wait for their next eligible deadline (in this example, May 2020) to apply again. Think of it as “every other deadline”.

There is one exception to the “every other deadline” rule. For each program, the top 20 applications that do not receive funding will be eligible to make improvements to their applications and reapply for the next deadline without waiting a full 12 months. Clients will be notified when the jury results are communicated if they are eligible for this exception.

How to Apply

To apply for this funding, follow the application instructions on the FACTOR website carefully.

With your application, you must submit:

  • Goals and expected results
  • Recording start date
  • Detailed information for each track you intend to record
  • Lyrics (where applicable)2 MP3 assessment tracks
  • A description of changes you intend to make to the tracks
  • A detailed marketing plan

Payment Process and Project Completion

The Juried Sound Recording funding is a grant. For the first phase of the project, FACTOR will contribute 75% of the total eligible budget, to a maximum of $67,500 (including Radio Marketing) for General Artist (of which up to $10,000 can be spent in the sound recording component); and $77,500 (including Radio Marketing) for Artist 2 (of which up to $15,000 can be spent in the sound recording component.) Funding is paid out 50% on approval and the remainder on final completion. Juried Sound Recording projects with sales exceeding the qualifying sales threshold may also qualify for a second phase of funding up to $30,000 (General Artist) or $40,000 (Artist 2).

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