WHAT IS ICOF ?
The International Co-Production Fund (ICOF) is a selective fund provided by The Film Development Council of the Philippines (FDCP), through the FilmPhilippines Office (FPO), with the aim of promoting the Philippines as a viable filming destination and co-production partner for international projects.
This fund is given to qualified Filipino production companies that are co-producing a project (production to post-production) with a foreign partner.
- Full-length films (live-action, animation, or documentary)
- Scripted series (live-action, or animation), of minimum 24 minutes per episode
- A co-production project between the Philippines and any foreign country
- Has 60% secured financing (excluding possible support from ICOF)
- Project that will begin its principal photography, animation production, or post-production within one (1) year from its date of selection
- Project that will be completed within one (1) year and nine (9) months from the date of selection
- Projects that production, post-production, and/or animation is will be wholly or partly made in the Philippines
Filipino production companies or animation studio that meet the following qualifications:
- Organized and registered as a business in the Philippines
- Accredited by the FDCP National Registry
- Co-producer of an international project with a foreign production company
Note: Applicants will be considered ineligible for funding if they have overdue and/or outstanding deliverable(s) for a project that received funding from any of FDCP programs
- Any genre, except for pornography
- Does not contain issues that are insulting, offensive, and/or portraying the Philippines in a negative light
- Does not promote violence or pose any threat to the national security
All materials submitted must be written or translated in English.
- Fully accomplished provisional application form (form provided)
- Foreign co-producers’ proof of business
- Notarized co-production agreement between applicant and foreign co-producers
- Proof of secured financing (contracts, certificates, etc.)
- Copy of the script (if applicable) and/or project treatment
- Project dossier
- Vision statements of the producer and filmmaker
- Recorded pitch
- Copy of National Registry for Company (NRC) certificate
If applicable:
- For original work: A copy of the scriptwriters’ authorized agreement
- For adapted work: Authorization letter from the copyright holder
- For post-production applicants: A minimum of 30-minutes rough cut
- For projects with distributor: Evidence of distribution or broadcast in the Philippines and/or abroad
- Completed cultural test (form provided)
Qualifying Philippine Production Expenditures or QPPE is the fund’s allowable expenditure incurred in the Philippines for the purposes of producing and making the project, pursuant to FPI guidelines.
This covers all qualified expenses from principal photography to post-production/animation that were incurred from the date of confirmation of complete application (Provisional notification letter) up to the date of confirmation of complete final verification. Enumerated below are the allowable expenses under QPPE:
- Rights Acquisition
- Salaries, Wages, and Social Contribution
- Technical Goods and Services
- Project Related Overheads
- Post-Production and Animation
- Accommodation
- Meals
- Transportation and Travel Expenses
- Legal Costs
- Producer’s Fee (10% of the Fund amount)
All expenses must be paid by the applicant’s company in Philippine peso through a Filipino registered businesses and/or individuals. Final and complete QPPE audited report and Certified True Copy of all original documentary requirements like receipts, invoices, and service contracts, of at least 50% of the fund (inclusive of the cultural bonus if applicable) needs to be submitted to the FDCP for cross-checking.
Applications for ICOF will be evaluated based on the following criteria:
- Degree to which the Filipino producer participates in the overall production of the work
- Global appeal and quality of the project
- Degree to which the work contributes to the Philippine film industry
- The financial strength and stability of the project
- Degree to which the work promotes the Philippine culture and territory with the cultural test
- The international distribution potential through festival, theatrical/VOD release and platform to reach international audiences
Successful applicants of ICOF can receive a fund from:
- Php 3Mn up to Php 10Mn (approx. USD 53,000 up to USD 180,000) for feature & animated films
- Php 1Mn up to Php 5Mn (approx. USD 18,000 up to USD 90,000) for documentary
- Php 4Mn up to Php 10Mn (approx. USD 70,000 up to USD 180,000) for TV/VOD series (one season).
A guaranteed bonus of Php 1Mn (approx. USD 18,000) will be given to selected projects that are co-produced with another ASEAN country aside the Philippines
An additional bonus will be added to the fund amount of selected projects that passed the cultural test:
- Php 2Mn (approx. USD 35,000) for feature and animated films or series seasons
- Php 1Mn (approx. USD 18,000) for documentary
The application periods for submission for FPI are as follows:
CYCLE 1
Application period: JANUARY to FEBRUARY
Selection and Deliberation: MARCH
CYCLE 2
Application period: JUNE
Selection and Deliberation: JULY to AUGUST
In the event that the Film Philippines Incentives budget for the year has already been exhausted, the succeeding application period of that year will be closed.
WHAT IS ICOF ?
The International Co-Production Fund (ICOF) is a selective fund provided by The Film Development Council of the Philippines (FDCP), through the FilmPhilippines Office (FPO), with the aim of promoting the Philippines as a viable filming destination and co-production partner for international projects.
This fund is given to qualified Filipino production companies that are co-producing a project (production to post-production) with a foreign partner.
- Full-length films (live-action, animation, or documentary)
- Scripted series (live-action, or animation), of minimum 24 minutes per episode
- A co-production project between the Philippines and any foreign country
- Has 60% secured financing (excluding possible support from ICOF)
- Project that will begin its principal photography, animation production, or post-production within one (1) year from its date of selection
- Project that will be completed within one (1) year and nine (9) months from the date of selection
- Projects that production, post-production, and/or animation is will be wholly or partly made in the Philippines
Filipino production companies or animation studio that meet the following qualifications:
- Organized and registered as a business in the Philippines
- Accredited by the FDCP National Registry
- Co-producer of an international project with a foreign production company
Note: Applicants will be considered ineligible for funding if they have overdue and/or outstanding deliverable(s) for a project that received funding from any of FDCP programs
- Any genre, except for pornography
- Does not contain issues that are insulting, offensive, and/or portraying the Philippines in a negative light
- Does not promote violence or pose any threat to the national security
All materials submitted must be written or translated in English.
- Fully accomplished provisional application form (form provided)
- Foreign co-producers’ proof of business
- Notarized co-production agreement between applicant and foreign co-producers
- Proof of secured financing (contracts, certificates, etc.)
- Copy of the script (if applicable) and/or project treatment
- Project dossier
- Vision statements of the producer and filmmaker
- Recorded pitch
- Copy of National Registry for Company (NRC) certificate
If applicable:
- For original work: A copy of the scriptwriters’ authorized agreement
- For adapted work: Authorization letter from the copyright holder
- For post-production applicants: A minimum of 30-minutes rough cut
- For projects with distributor: Evidence of distribution or broadcast in the Philippines and/or abroad
- Completed cultural test (form provided)
Qualifying Philippine Production Expenditures or QPPE is the fund’s allowable expenditure incurred in the Philippines for the purposes of producing and making the project, pursuant to FPI guidelines.
This covers all qualified expenses from principal photography to post-production/animation that were incurred from the date of confirmation of complete application (Provisional notification letter) up to the date of confirmation of complete final verification. Enumerated below are the allowable expenses under QPPE:
- Rights Acquisition
- Salaries, Wages, and Social Contribution
- Technical Goods and Services
- Project Related Overheads
- Post-Production and Animation
- Accommodation
- Meals
- Transportation and Travel Expenses
- Legal Costs
- Producer’s Fee (10% of the Fund amount)
All expenses must be paid by the applicant’s company in Philippine peso through a Filipino registered businesses and/or individuals. Final and complete QPPE audited report and Certified True Copy of all original documentary requirements like receipts, invoices, and service contracts, of at least 50% of the fund (inclusive of the cultural bonus if applicable) needs to be submitted to the FDCP for cross-checking.
Applications for ICOF will be evaluated based on the following criteria:
- Degree to which the Filipino producer participates in the overall production of the work
- Global appeal and quality of the project
- Degree to which the work contributes to the Philippine film industry
- The financial strength and stability of the project
- Degree to which the work promotes the Philippine culture and territory with the cultural test
- The international distribution potential through festival, theatrical/VOD release and platform to reach international audiences
Successful applicants of ICOF can receive a fund from:
- Php 3Mn up to Php 10Mn (approx. USD 53,000 up to USD 180,000) for feature & animated films
- Php 1Mn up to Php 5Mn (approx. USD 18,000 up to USD 90,000) for documentary
- Php 4Mn up to Php 10Mn (approx. USD 70,000 up to USD 180,000) for TV/VOD series (one season).
A guaranteed bonus of Php 1Mn (approx. USD 18,000) will be given to selected projects that are co-produced with another ASEAN country aside the Philippines
An additional bonus will be added to the fund amount of selected projects that passed the cultural test:
- Php 2Mn (approx. USD 35,000) for feature and animated films or series seasons
- Php 1Mn (approx. USD 18,000) for documentary
The application periods for submission for FPI are as follows:
CYCLE 1
Application period: JANUARY to FEBRUARY
Selection and Deliberation: MARCH
CYCLE 2
Application period: JUNE
Selection and Deliberation: JULY to AUGUST
In the event that the Film Philippines Incentives budget for the year has already been exhausted, the succeeding application period of that year will be closed.
