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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 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...

Overview 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 (PEIBF) provides financial assistance to local Prince Edward Island internet service providers (ISPs) for the installation of infrastructure for enhanced broadband services. Through this program, partnerships and collaboration are encouraged and support is provided for increased service levels, improved access and consumer choice for connectivity. The PEIBF...

The PEI Labour Rebate (PLR) supports the growth of Island businesses through a refundable labour rebate on incremental job creation. Employment growth must be linked to the development, expansion and/or commercialization of new products, processes, and services that will be sold primarily beyond the borders of PEI. Who is eligible for PEI Labour Rebate? To be an eligible applicant, a business must be located in Prince Edward Island and: be registered to conduct business and actively operating in Prince Edward Island; manufactures, processes, or develops goods or services primarily for export...

Rental Incentive Assistance contributes to rental costs for Prince Edward Island businesses to establish a new business or to expand existing production capabilities. Who is eligible for Rental Incentive Assistance? 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 services primarily for export; operates within one of these strategic sectors: bioscience aerospace and defence advanced manufacturing and processing renewable energy and...

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...