Montreal, – Telefilm Canada is pleased to announce that it has approved 26 of the 39 applications submitted to the Music Entrepreneur Program (MEP) on June 20 under Phase 1, which provides support for the development of corporate business plans. The MEP is designed to help music entrepreneurs make the transition to the digital economy, effectively develop Canadian talent and ultimately become self-sufficient.
"We are very pleased to see that the music entrepreneurs submitting projects represent a broad cross section of the industry and of the different musical genres," said Shelley Stein-Sacks, Director of the MEP."
Applicants were assessed against the performance-based criteria set out in the MEP guidelines: number of albums/CDs sold worldwide over the last three years, number of years in business, number of employees and number of original albums/CDs produced and/or released over the last three years.
The companies are categorized according to minimum business activity levels, and it bears noting that the approved applications stem equally from established firms and emerging firms. Eighteen of these companies produce popular music, while eight specialize in other genres.
This first round of successful applicants will receive Telefilm Canada investments totalling close to $1 million.
The application deadline for Component 2 of the MEP – Support for the Implementation of Business Plans – is September 30, 2002.
For further information on the MEP, visit Telefilm Canada's website: www.telefilm.gc.ca.
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