Technology PEI Inc.: Film & Television Equity Investment Program 1/2 Film and Television Equity Investment Program Program Outline: To support Prince Edward Island based production, Technology PEI will invest in qualifying projects where the potential of recoupment and profits is sufficiently high and where there is significant benefit to the province’s film industry in terms of employment and economic benefit to Prince Edward Island. Form of Assistance: Technology PEI acquires a position of ownership commensurate with its level of investment with the other investors in the project; terms of recoupment and profit participation will be negotiated on a project by project bases. Normally, the calculation of the Technology PEI’s equity investment shall be no less favourable than that of any other cash investor. Level of Assistance: Technology PEI’s investment will not exceed 20% of the approved eligible budget costs and will be subject to a maximum of $200,000. The level of Technology PEI’s financial participation is based upon a number of factors, including: • Quality of the project; • Potential for recoupment of Technology PEI’s investment; • Economic impact of the project in Prince Edward Island; • Creation of employment opportunity in the province; • Leverage of funds from the private sector and from outside Prince Edward Island • Project size, scope and genre; • Prince Edward Island creative and business involvement; • Broadcast licenses, distribution, revenue guarantees; • Available funds. Eligible Applicants: Eligible applicants are corporations incorporated in Canada that have a permanent establishment in Prince Edward Island and have as their principal business the production of film and television. Financial participation from broadcasters and/or distributors is required to access Technology PEI equity investment funding. Projects which include broadcast licenses, and/or which demonstrate potential for additional export sales upon completion, will receive preference. Eligible Activities: Eligible activities are those activities associated with pre-production, production and post-production of a project. Equity financing is not available for project development (please refer to Technology PEI’s Development Loan Program). Supported project genres include documentaries, features, TV series, MOWs, TV mini-series, and TV specials. Projects that may be excluded from assistance are: sponsored films, sports, instructional videos, game shows, news, current affairs programming, reality TV, galas, special events, magazine formats, infomercials, infotainment, commercials, travelogues, industrial programs, amateur videos and music videos. Technology PEI reserves the right to exclude projects which include excessive violence or violence of a sexual nature, sexual exploitation or depiction of people in a demeaning, libellous or defamatory manner. Technology PEI Inc.: Film & Television Equity Investment Program 2/2 Funding Process: If Technology PEI decides to participate, it will issue a Letter of Commitment (or Deal Letter) outlining the major terms and conditions of what will be the Production Financing Agreement, the signing of which is subject to receipt of all outstanding documentation and confirmation of all committed financing arrangements, and setting out the terms and conditions of Technology PEI’s funding. All funding from Technology PEI is provided in stages throughout production. For More Information: Technology PEI staff are experienced in dealing with project inquiries and applications are treated in the strictest confidence. Application forms and additional program information can be obtained from: Technology PEI Inc. Business Investment -Film, Television & New Media PO Box 340 Charlottetown, PE C1A 7K7 Canada Tel: (902) 368-5336 Fax: (902) 368-6255 e-mail: ndroberts@gov.pe.ca