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CANADA NEW MEDIA FUND GUIDELINES CLARIFICATION 2006-2007

Canada New Media Fund (CNMF) guidelines - Market Research & Prototyping phase

Montreal, June 1, 2006 - In order to recognize a number of new scenarios, Telefilm Canada has clarified the Terms of Repayment in the CNMF Guidelines. As such, please be advised that the third sentence in the Terms of Repayment (Section 4.1.7.) which states, ''In such cases, Telefilm will insist that the repayment of its market Research and Prototyping participation be treated more favorably within the recoupment schedule than its participation in other phases of project financing." has been reinterpreted.

As well, please note that Telefilm is providing a clarification on both this policy as well as the current contractual definition of the term "Product." You can find both of these clarifications by accessing the Frequently Asked Questions section of the CNMF guidelines.
Please click here to review the 2006-2007 CNMF guidelines in their entirety.

Application deadlines
The next CNMF deadline for Product Development and Marketing is August 14, 2006.

New media applications for Market Research and Prototyping will be accepted between August 14 and December 15, 2006 (or until available funds have been committed).

eTelefilm®
New Media producers are encouraged to streamline their application process to Telefilm Canada by taking advantage of our eTelefilm® service. Companies that submit applications via eTelefilm® enjoy two notable advantages:

- Access to direct deposit for Telefilm funding payments; and
- Submission of applications up to 10 p.m. (EST) on the deadline date (vs. 5 p.m. for those delivered by mail to a Telefilm office).

To register online: http://www.telefilm.ca/extranet/en/02_comment.asp.