Innovation PEI offers a variety of financial supports and services to business development in Prince Edward Island. Business development professionals are available to help determine which supports and services are best for your business.
Innovation PEI's Business Development and Innovation Division provides information and help to new and existing business in Prince Edward Island. For the start up, expansion and diversification, the division provides: counselling financial help business guidance entrepreneur...
To encourage the creation and viability of small businesses in Prince Edward Island, Small Business Assistance supports activities that increase productivity and competitiveness. The program supports eligible costs related to internal planning and processes. A new business is eligible for support for marketing and promotion activities. Who is eligible for Small Business Assistance? To be an eligible applicant, a business must be located in Prince Edward Island and: be registered to do business in Prince Edward Island (business registration may not be required for business planning support)...
The importance of proper planning cannot be over-emphasized. Planning should include the preparation of a business plan which encompasses management, marketing, production and financing details. See the New Business Check list for assistance.
There are four basic methods of getting into business; start from scratch, purchase the assets of a business that has ceased operation, purchase an existing operation, or pay the fee for a franchise license. There are strengths and weaknesses for each method. Starting a business...
The availability of stable, high‑speed Internet infrastructure is critical for access to essential resources and public services, and to enable economic growth and diversification. The Prince Edward Island Broadband Fund provides financial assistance to local Prince Edward Island internet service providers (ISPs), communities and businesses for the installation of infrastructure for enhanced broadband services. Through this program, partnerships and collaborations are encouraged and support is provided for increased service levels, improved access and consumer choice for connectivity. The...
This form is a portion of your complete application. Details are available at Broadband Fund for Businesses
The Small Business Investment Grant helps Prince Edward Island’s small businesses improve efficiency and innovation by way of a non-repayable financial contribution toward the purchase of eligible capital asset costs. Who is eligible for Small Business Investment Grant? To be an eligible applicant, a business must be located in Prince Edward Island and: be registered to do business in Prince Edward Island as a for-profit entity; actively operating on Prince Edward Island; and be the primary source of income for the applicant OR employ at least one employee (minimum of 560 hrs). Ineligible...
Bolstering support for entrepreneurs promotes a stronger, diversified economy that creates more opportunity for job growth and innovation by turning ideas into viable new businesses. The governments of Canada and Prince Edward Island are supporting organizations such as JobSite...
Applications are now open for Innovation PEI’s 2019 Ignition Fund competition, which offers up to $25,000 to launch or expand a business in Prince Edward Island. “The Ignition Fund is an excellent option for businesses looking to turn their new and innovative ideas into reality,”...