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The Prince Edward Island Film Production Fund (“Fund”) supports the development and growth of the private-sector film and television industry in Prince Edward Island. The Fund provides a financial incentive to make Prince Edward Island a competitive location for productions and encourages the development, training and hiring of Prince Edward Island film personnel. PEI’s objective is to increase the volume of service and local productions to: Increase the visibility of Prince Edward Island on screens; Grow the skilled labour pool and support the development of PEI creative industries and...

As part of its Renewed Action Plan for Arts, Culture and Creative Industries in Prince Edward Island, Innovation PEI is thrilled to administer an Arts Awards program that celebrates excellence and artistic merit across the province of PEI. The next edition of the PEI Arts Awards will take place in the fall of 2026. The exact dates will be determined and announced at a later time. Award Categories Awards are presented in the following categories: The Leo Cheverie Cultural Connector of the Year Award (three awards given out in this category): Celebrates an individual, group or organization from...

The PEI Film Media Fund supports the development, growth and sustainability of homegrown, independent film in the private-sector film, television and video industry in Prince Edward Island. The objectives of the Fund are to: Build the sustainability and capacity of the domestic PEI film and television production industry; Support the development of PEI creative industries and workers; Provide eligible PEI producers with an opportunity to be more competitive in attracting financing and co-production opportunities; and Provide cultural benefits to Islanders by supporting the creation of Prince...

The Innovation Fund assists businesses to bring a new product, service, or process (“product”) to market by providing financial support for the costs to refine and commercialize an innovative product that has demonstrated potential for export market uptake. The Innovation Fund has two streams: The New Product stream can support the transition from a demonstrated beta/pilot/prototype product to the final stage refinements for scale-up and full commercial development of the product. The Product Diversification stream can support the adaptation of an existing product for a new market segment...

The Storytelling Development Fund is available for scriptwriting costs required for film, TV and screen-based projects. A registered Prince Edward Island Production Company can receive up to 50% of project costs through the fund. The department’s contribution will not exceed 50% of eligible costs and normally not exceed a maximum of $5,000. Who is eligible for film funding? Eligible applicants are Prince Edward Island producers and/or production companies. New project submissions from an applicant in default on any reporting, project completion or financial obligation to Innovation PEI will...

What is a high capacity well? Any well where 4 L/second or more of water is extracted is a high capacity well. What are high capacity wells used for? High capacity wells are used for drinking water supplies, aquaculture, food processing, irrigation for agriculture and golf courses, and various industrial or commercial uses. Does the government regulate high capacity wells? Yes, the Department of Environment, Energy and Climate Action permits the use of high capacity wells through the Groundwater Permitting Process. How many high capacity wells are located on PEI? There are over 300 high...

The Equity Investors Incentive provides new and expanding businesses in Prince Edward Island with a tool to encourage and attract private sector investment. The program provides a non-repayable incentive to investors to encourage investment in an approved Prince Edward Island-based investee business by increasing the return-on investment to investors. To be deemed an approved investee company, a Prince Edward Island business must receive approval of its application and enter into a contract with Innovation PEI before accepting investments from eligible investors. This web page provides an...

Capital Acquisition Assistance supports Prince Edward Island businesses investing in technology, equipment, and infrastructure needed to grow their business and increase capacity and competitiveness. The program provides businesses with financial assistance to leverage other traditional and non-traditional financing and reduce risk. Who is eligible for Capital Assistance funding? To be an eligible applicant, a business must be located in Prince Edward Island and: be registered to conduct business and actively operating on Prince Edward Island; manufactures, processes, or develops goods or...

The Enriched Investment Tax Credit complements the existing PEI Corporate Investment Tax Credit of 10 per cent. The tax credit is applied to certain capital investments made by manufacturing and processing businesses. Who is eligible for Enriched Investment Tax Credit? To be an eligible applicant, a business must be located in Prince Edward Island and: be registered to do business and actively operating in Prince Edward Island; manufactures, processes, or develops goods or services primarily for export; operates within one of these strategic sectors: bioscience aerospace and defence advanced...