Start-ups to benefit from Ignition funds
Creating jobs for Islanders -
With the Ignition Fund grant it received from the provincial government last year, Island start-up company Exit Speed Inc. was able to get patents for its products, a web site, and a marketing plan.
The company – which helps baseball and softball players perfect their swing and add more power – is now in a much better position to promote its unique products across North America and around the world. Today, 10 new start-ups are looking to match Exit Speed’s success after being awarded Ignition Fund grants for 2018.
“We are in a great position today thanks in no small part to our successful application into the Ignition Fund in 2017,” Exit Speed co-owner Jeff Ellsworth said. “If it wasn’t for the $25,000 grant I’m not sure where we’d be at this point. It put us in a much better position to succeed.”
This year’s 10 new Ignition Fund recipients are:
• Broek Innovations Company Ltd
• Gallant's Seafood Market
• Maritime Marzipan Confectionary
• New World Foeders
• RecordFund Inc.
• Red Island Cider
• Safety Pro Incorporated
• Stemble Learning
• Westisle Special Projects
“The grant recipients this year have tremendous potential to succeed, and I am confident this support will help these companies as they move forward with their business plans and cutting edge ideas,” Economic Development and Tourism Minister Chris Palmer said. “The Ignition Fund is a great example of what makes Prince Edward Island mighty – we are a small Island of dreamers and doers that works together to help each other make big things happen.”
Since the Ignition Fund was created in 2014 it has assisted 48 new or expanding Island businesses. It originally awarded eight grants but increased to 10 in 2015 as committed by Premier MacLauchlan.
In fact, the Ignition Fund has been so successful over the last four years that two local organizations -- RDÉE Prince Edward Island and Food Island Partnership -- are adopting Ignition branding for their own start-up competitions:
• Innovation PEI will provide RDÉE PEI with $25,000 for its newly branded Francophone Ignition Contest – Business Startup Competition (previously known as “The Dragon’s Contest”); and
• It will provide $25,000 to Food Island Partnership for its Food Excel competition, whose winner will now receive the Food Ignition Award.
“The Francophone community of PEI will greatly benefit from this new and improved version of the contest,” RDÉE PEI president Martin Marcoux said. “Together we’ll be promoting entrepreneurship on PEI along with the development of new and innovative products that will hopefully find their way across Canadian markets and beyond.”
“We are pleased to work with partners in the PEI food cluster to reoffer Food Xcel launching on November 29 based on the success of the initial program that attracted 39 food entrepreneurs in 2016,” said Tyson MacInnis, director of company development for Food Island Partnership. “Through the 14-week Food Xcel startup competition, Island food entrepreneurs will learn how to move their food idea to market through networking and workshops.”
For more information about the Ignition Fund visit: www.princeedwardisland.ca/en/information/innovation-pei/ignition-fund
Broek Innovations Company Ltd (Tony Van den Broek - Cardigan): "Riley's Reel" an innovative and first of its kind product to roll up fire hoses faster and more efficiently.
Gallant's Seafood Market (Tyler Gallant and Christine Murnaghan - Stanley Bridge): A line of four locally inspired oyster and seafood sauces.
Maritime Marzipan Confectionary (Mike and Jessica Fritz - Goose River): Various sweet treat products headlined by the Maritime Marzipan, an all natural, almond-based sweet treat.
New World Foeders (Jordan Stetson - Freetown): Canada's first foeder manufacturer, a wooden vessel for fermentation and aging products in the brewery, winery, distillery and cidery industries.
RecordFund Inc. (Gideon Banahene and Ghislaine Cormier - Charlottetown): A digital platform where musicians can pre-sell their albums and solve the problem of upfront financing of vinyl record pressing.
Red Island Cider (Robert Van Waarden and James Van Toever - Hunter River): Premium alcoholic cider beverages at a facility in rural New Glasgow, PE.
Safety Pro Incorporated (Dennis Arsenault and Michel Arsenault - Kensington): Products to make work environments safer; the Clean Cut disposable cutting surface and the Drop'n Grip drop cloth.
ShopLaw (Randy Campbell - Charlottetown): Online platform to centralize and simplify the legal service shopping process.
Stemble Learning (Adam Proud and Jason Pearson - Cornwall): Web platform where students can learn class material in a customized method catered to their current comprehension level.
Westisle Special Projects (Scott Profit - Elmsdale): Innovative automotive products: RubiTracks, a snow track accessory enabling vehicles to travel off-road.