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 Film Philippines Office (FPO), with the aim of promoting the Philippines as a highly-viable filming destination and co-production partner for international projects. This fund is given to qualified projects that are co-produced (production to post-production) by a Filipino production and an international partner.
- Full-length films (live-action, animation, or documentary)
- Scripted series (live-action or animation), minimum 24 minutes per episode
- Co-production between the Philippines and any foreign country
- 60% secured financing
- Begin production within one (1) year from selection
- Completed within one (1) year and nine (9) months
- Production/post-production wholly or partly in the Philippines
Filipino production companies or animation studio that:
- Registered as a business in the Philippines
- Accredited by the FDCP National Registry
- Co-producer of an international project
- Any genre except pornography
- Must not insult or portray the Philippines negatively
- Must not promote violence or threaten national security
- Completed application form
- Co-production agreement
- Proof of secured financing
- Script or project treatment
- Project dossier
- Vision statements
- Recorded pitch
- NRC certificate
QPPE refers to allowable expenditure incurred in the Philippines for production.
- Rights Acquisition
- Salaries & Wages
- Technical Goods & Services
- Overheads
- Post-production
- Accommodation
- Meals
- Transportation
- Legal Costs
- Producer’s Fee (10%)
- Filipino producer participation
- Global appeal & quality
- Contribution to Philippine film industry
- Financial strength
- Cultural promotion
- International distribution potential
Qualified and accepted projects will receive a fund ranging from:
- PHP 3Mn up to Php 10Mn (approx. USD 51,000 up to USD 169,000) for Feature and Animated Films
- PHP 1Mn up to Php 5Mn (approx. USD 17,000 up to USD 85,000) for Documentary
- PHP 4Mn up to Php 10Mn (approx. USD 68,000 up to USD 169,000) for TV/VOD Series per season
Bonuses:
ASEAN Bonus
A guaranteed bonus of PHP 1Mn (approx. USD 17,000) will be given to selected projects that are co-produced with another ASEAN country aside the Philippines
Cultural Bonus
An additional bonus for selected projects that pass the cultural test:
- PHP 2 Mn (approx. USD 34,000) for Feature and Animated Films or Series
- PHP 1 Mn (approx.USD 17,000) for Documentary and Short Films
CYCLE 1
Application period: FEBRUARY to MARCH
Selection and Deliberation: MARCH
CYCLE 2
Application period: JULY to AUGUST
Selection and Deliberation: 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 Film Philippines Office (FPO), with the aim of promoting the Philippines as a highly-viable filming destination and co-production partner for international projects. This fund is given to qualified projects that are co-produced (production to post-production) by a Filipino production and an international partner.
- Full-length films (live-action, animation, or documentary)
- Scripted series (live-action or animation), minimum 24 minutes per episode
- Co-production between the Philippines and any foreign country
- 60% secured financing
- Begin production within one (1) year from selection
- Completed within one (1) year and nine (9) months
- Production/post-production wholly or partly in the Philippines
Filipino production companies or animation studio that:
- Registered as a business in the Philippines
- Accredited by the FDCP National Registry
- Co-producer of an international project
- Any genre except pornography
- Must not insult or portray the Philippines negatively
- Must not promote violence or threaten national security
- Completed application form
- Co-production agreement
- Proof of secured financing
- Script or project treatment
- Project dossier
- Vision statements
- Recorded pitch
- NRC certificate
QPPE refers to allowable expenditure incurred in the Philippines for production.
- Rights Acquisition
- Salaries & Wages
- Technical Goods & Services
- Overheads
- Post-production
- Accommodation
- Meals
- Transportation
- Legal Costs
- Producer’s Fee (10%)
- Filipino producer participation
- Global appeal & quality
- Contribution to Philippine film industry
- Financial strength
- Cultural promotion
- International distribution potential
Qualified and accepted projects will receive a fund ranging from:
- PHP 3Mn up to Php 10Mn (approx. USD 51,000 up to USD 169,000) for Feature and Animated Films
- PHP 1Mn up to Php 5Mn (approx. USD 17,000 up to USD 85,000) for Documentary
- PHP 4Mn up to Php 10Mn (approx. USD 68,000 up to USD 169,000) for TV/VOD Series per season
Bonuses:
ASEAN Bonus
A guaranteed bonus of PHP 1Mn (approx. USD 17,000) will be given to selected projects that are co-produced with another ASEAN country aside the Philippines
Cultural Bonus
An additional bonus for selected projects that pass the cultural test:
- PHP 2 Mn (approx. USD 34,000) for Feature and Animated Films or Series
- PHP 1 Mn (approx.USD 17,000) for Documentary and Short Films
CYCLE 1
Application period: FEBRUARY to MARCH
Selection and Deliberation: MARCH
CYCLE 2
Application period: JULY to AUGUST
Selection and Deliberation: 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.
Application period: FEBRUARY to MARCH
Selection and Deliberation: MARCH
CYCLE 2
Application period: JULY to AUGUST
Selection and Deliberation: 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.
