Funding decisions are the sole discretion of the Board which operates at arm’s length to the TELUS Corporation and any of its affiliates. The Directors of the Fund are also responsible for the consideration of official language minority communities’ realities in their decision making.
Depending on the volume of applications, applicants can expect to receive an email acknowledging receipt of their submission within five business days. The Board of Directors will typically render a funding decision within eight to ten weeks of submission.
The Fund provides a recoupable advance similar in nature to an unsecured, non-interest bearing, forgivable loan. The Fund does not acquire an equity interest in the copyright or participate in profits. Amounts paid back to the Fund are reinvested into the financing of more exceptional health and wellness content.
At the development stage, financing is repayable to the TELUS Fund if the Content moves forward to a next stage or if Content rights are transferred, sold or exploited in any manner. At the production and discoverability stages, financing is repayable from production revenue, if any is earned.
As provincial and federal tax credit policies are complex, Applicants are encouraged to consult with them directly on this question. To date, many of these programs have determined financing from the Fund to be akin to a grant or subsidy reducing the eligible tax credit.
Not yet. Wherever possible we align with and rely upon excellent templates and policies already developed by more mature Certified Independent Production Funds.
Perhaps. The Fund will consider, on a case by case basis, waiving or delaying receipt of letters of commitment from Third Party Financiers and deal memos with Distribution Platforms. The Fund’s decision making will be strongly influenced by the support obtained from Expert Organizations.
No. The Distribution Platform must be accessible by Canadians.
No. However, Programming that has obtained distribution commitments on platforms accessible by both English and French Canadians will be more competitive than those that have not.
Yes, all submissions are required to attach health expertise at all stages of financing. The Fund seeks to ensure a high standard of accuracy, integrity, fairness and comprehensiveness in the treatment of the health and wellness subject matter by requiring minimum support from Expert Organizations.
The Fund relies on credit placement to raise awareness of its programs and stimulate more exceptional health and wellness content. Wherever the Applicant is credited in content and promotion elements the Fund will expect comparable recognition. When the Fund is the largest financier we expect single card and prominent placement in content and promotion elements.
Yes. You will be required to verify all submissions are feasible and can be successful before selecting more than one for funding.
You may apply again provided there are material changes in the submission to better align with the evaluation criteria.
There is no cap. However, as the content plans progress, the Fund will seek to ensure an increasing level of diversity in the financial structure with other sources sharing in the risk.