Vehicle 19, funded by The IDC, with post-production by Refinery

THE INDUSTRIAL DEVELOPMENT CORPORATION (IDC)

Investment Criteria
•Minimum commercial and venture loans of R1 000 000
•IDC to contribute up to 49% of a project, subject to the potential risk-return profile
•IDC investment to be expensed in South Africa and/or SADC countries
•Project to be considered on its particular merit and show sustainable commercial viability.
•Project to secure a significant theatrical release and /or high profile television airing with a distributor or broadcaster acceptable by the IDC
•IDC cashflow subject to the confirmation of all third party funding and the draw down schedule
•IDC to require raising and commitment fees
•IDC require a back-end profit share commensurate with its finance participation
•Recoupment on a pro rata parri passu basis with other investors
•IDC will expect to share in the rights (copy rights and ancillary rights) proportional to its investment

Required Documentation
•Script and underlying rights (script, musical with chain of title documentation)
•Script coverage
•Director, producer, scriptwriters, other key management (with attached CVs) and principal cast
•Production budget top sheet (including proposed fees for principals) and cashflow
•Sources of co-finance and the terms and conditions thereof, including recoupment schedules
•Distributor and terms of distribution (including marketing expenses, draft copy of distribution agreement, and information on other productions distributed/company profile)
•Detailed sales estimates per territory
•Co-production agreements (where applicable)
•Details of territorial rights
•Completion guarantor and its insurance agreement on which the IDC will require to be a beneficiary
•Collection agent and terms of agreement where applicable
•Brief production information, including location of principal photography, equipment to be used, number of cast and crew, who will be doing post-production, timing of relevant stages of production
•Skills development and skills transfer plan

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