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Equity Investors Incentive
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...
Food Product Development Assistance
Food Product Development Assistance is available to Prince Edward Island businesses to access professional and technical assistance in creating or improving a new food product or process. This assistance can be used to develop and test new and improved products and processes, and other technical development-related activities. Funding through this program is intended to support the engagement of expertise as the business moves its product or process from the earliest stage of development through to commercialization. Who is eligible for Food Product Development Assistance? To be an eligible...
Prince Edward Island Film Production Fund
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...
Storytelling Development Fund
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...
PEI Broadband Fund for Businesses
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...
Capital Acquisition Assistance
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...
Web Presence Assistance
Web Presence Assistance provides a non-repayable contribution to Prince Edward Island businesses and local not-for-profits to assist with the creation of an online presence or to upgrade an existing website to include e-commerce. The purpose of Web Presence Assistance is to help Island businesses and not-for-profits increase business by creating a website to establish an online presence, reach customers and increase sales. Who is eligible for Web Presence Assistance? To be an eligible applicant, a business or a local not-for-profit organization must be located in Prince Edward Island and: not...