Taking the time to map out a realistic plan for your business before you open will pay off in the long run. Many successful entrepreneurs will agree that solid planning, both short-term and long-term, is the key to business success. The plan you begin to develop now will guide...
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...
The Export Enhancement and Diversification Fund helps Prince Edward Island exporters and export-ready businesses with marketing and trade costs to execute export plans and activities to explore new global export opportunities to diversify and enhance their business. Who is eligible for the Export Enhancement and Diversification Fund? To be an eligible applicant, a business must: be registered to do business and actively operate in Prince Edward Island; and be an active exporter or export-ready. A business with a defaulted outstanding debt or obligations with the province is not eligible for...
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)...
Strategic Improvement Assistance supports Prince Edward Island businesses undertaking strategic activities to become more productive, profitable and competitive. The program supports costs for outside professional expertise required for projects related to improving operational efficiencies, internal planning or processes, and quality assurance. Who is eligible for Strategic Improvement Assistance? To be an eligible applicant, a business must be located in Prince Edward Island and: registered to conduct business and actively operating on Prince Edward Island; manufactures, processes, or...
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.
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.
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...