OMDC Intellectual Property (IP) Development Fund
The OMDC Intellectual Property (IP) Development Fund assists Ontario corporations by providing a refund of 30% of prior costs incurred in direct support of eligible early stage development activities to bring screen-based content properties closer to production or market ready stage. Qualifying Ontario corporations may apply for expenditures incurred over the course of a taxation year that relate to a slate of early stage development activities undertaken by the corporation. Eligible expenditures are those incurred after March 31, 2009 up to and including March 31, 2010.
Applicants may apply up to twice during the span of the pilot program. Applicants must submit their application to OMDC at the end of a taxation year in which the applicant has incurred expenditures for eligible early stage development activities (Year End Application). If the applicant chooses, they may also file an Interim Application prior to their taxation year end. To be eligible to file an Interim Application a qualifying corporation must still meet all of the eligibility requirements set out in the guidelines, including the requirement to have incurred a minimum $30,000 in early stage development costs. Guidelines and applications forms are available at http://www.omdc.on.ca/Page5575.aspx.
We will be holding an information session in Ottawa on Wednesday, February 17 from 2pm – 4pm in the Tudor Room, Chateau Laurier, Ottawa. Registration will occur through the OMDC website www.omdc.on.ca
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