McGuinty Government invests $2.9 M to support innovative economy
TORONTO, Feb. 10 /CNW/ - Ontario is strengthening its economy with a
$2.9 million investment through the Ontario Media Development
Corporation (OMDC) to support 19 innovative projects.
The investment from the Entertainment and Creative Cluster Partnerships
Fund (the Partnerships Fund) will leverage an additional $7.6 million
from 108 partners. The Partnerships Fund is designed to stimulate
growth in Ontario's dynamic and fast-growing entertainment and creative
industries by promoting capacity building, marketing, innovation and
skills development. The industries eligible for funding include: book
and magazine publishing, film and television, music, interactive
digital media and commercial theatre.
From its inception in 2006, the Partnerships Fund has provided almost
$12.7 million in support to 79 projects involving 487 partners with
total budgets of $33 million.
"The Partnerships Fund brings together leading Ontario companies to help
them grow and compete in new markets. The McGuinty Government is proud
to invest in strategic partnerships that transform ideas into
high-value content, which will create jobs and foster a prosperous
creative economy that is open for business."
Michael Chan, Minister of Tourism and Culture
"The Partnerships Fund encourages innovation and fosters new business
partnerships that encourage growth across Ontario's creative media
industries and academic institutions. Ontario's entertainment and
creative cluster employs almost 300,000 people in highly-skilled jobs
that contribute $12.2 billion annually to the province's GDP. Those
figures are expected to grow significantly over the next decade. By
supporting the cluster, we are helping to ensure that Ontario plays a
leading role on the competitive world stage."
Karen Thorne-Stone, President & Chief Executive Officer, Ontario Media
"The Partnerships Fund has enabled CIMA to work towards developing its
Music Export Portal and Mobile Application, a mobile digital
transformation project ensuring Ontario's music industry is one touch
away to a world of consumers."
Grant Dexter, Chair of Canadian Independent Music Association (CIMA)
Ontario's entertainment and creative industries support over 200,000
Since 2003, creative-industry jobs have increased by 12 per cent -
representing 23,000 new jobs.
In September 2006, the Partnerships Fund was established as a three-year
$7.5 million fund to stimulate growth in Ontario's entertainment and
creative industries by promoting capacity building, marketing,
innovation and skills development.
In 2009, the Government announced a $12 million, four-year extension to
The latest round of recipients includes: Hot Docs' Docs on Demand (Phase 2), a project that involves developing an integrated strategy to increase
financing and distribution opportunities for Ontario's documentary
filmmakers; and CIMA's Music Export Portal and Mobile Application, a mobile application for their website that lists 400 international
gigs, 267 artists and international trade events and also houses 12,000
Ontario Media Development Corporation (OMDC) is an agency of the Ontario Ministry of Tourism and Culture that facilitates economic development opportunities for Ontario's
cultural media industries including book and magazine publishing, film
and television, music and interactive digital media industries.
BE PART OF IT
Ontario is a global hub for content creation and distribution. From
digital innovation to literature, Ontario's cultural sectors contribute
billions of dollars to the economy, employ hundreds of thousands of
people and power some of the world's most innovative content.
For investors and creators, businesses and consumers, OMDC's investment
funds and programs help bring a wealth of opportunity to Ontario. Be
part of it and visit www.OMDC.on.ca to learn more.
SOURCE Ontario Media Development Corporation
For further information: