WHAT IS ICOF ?

Filipino producers who are working with international co-productions can avail of a selective fund of up to PhP 10 Million when they conduct their production and post-production in the Philippines. For majority of minority Filipino co-production rojects, the International Co-Production Fund spells significant savings in production or post-production costs.

Feature films (documentary, animation, live action) with a majority or minority co-production agreement with the Philippines.

The project can be initiated by either the foreign company or the Filipino production company.

A company organized and registered as a business in the Philippines which is engaged in an international co-production with a foreign production company can apply for ICOF. 

The Philippine production or post-production services company must be registered with the FDCP National Registry.

Any genre. Themes that are not pornographic or portraying the Philippines in a negative light.

  • A completed ICOF Application Form and supporting documents.
  • The project must apply for the first time to ICOF.
  • At least PHP 5 Million (or approx. 98,000 US$) on Qualifying Philippine Production Expenditures (QPPE)

Project development or pre-production (location scouting, casting, pilots), production (studio, on-set shootings, artist/technician/crew fees, equipment rental, accommodations, food) and/or post-production (animation, visual effects, 3D conversion, editing, music and scoring, sound design, editing and mixing, voice-overs, color grading) expenses spent in the Philippines by the applicant producer, with receipts dated from the date of completion of the Provisional Application until the date of completion of the Final Verification

Projects will be evaluated and selected for awarding based on the following criteria:

  • Degree to which the work promotes Philippine culture and locations
  • Degree to which the work contributes to the Philippine film industry
  • Degree to which the Filipino producer's participation in the creative production of the work.
  • The global quality of the project
  • The financial viability and potential success of the project
  • The international distribution potential through festivals, theatrical release and other distribution platforms in order to reach international audiences

Successful applicants receive a grant of up to PHP 10 Million (approx. 198, 000$).

50% of the grant amount will be paid to the Applicant Company within 60 days after the issuance of the Provisional Notification, and the balance of 50% will be paid to the same within 60 days after the issuance of the Final Notification.

January-March, May to July, and September to December

 

 ICOF 

APPLICATION PROCESS

1
Apply for Provisional Application
 
 
4 Months Max
2
Receive Provisional Notification with your fund amount as well as a 50% down payment
 
 
6 Months Max
3
Start your production or post-production work in the Philippines
 
 
3 Months Max
4
Apply for Final Verification
 
 
4 Months Max
5
Receive final approval and get the remaining 50% of your fund