If my project doesn’t receive financing in the Short Form Series Production Program, but the series goes into production without IPF’s participation, do I need to repay the advance?

Yes.

In the event that the series is produced without financial participation from the IPF, the advance must be repaid on the first day of principal photography. In addition, the IPF will also receive 10% of the producer’s profit participation in the series, subsidiary rights and subsequent works based on the project developed through the Development Program.