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...
Effective March 31, 2026, the PEI Broadband Fund for Business program will be paused and not accepting any new applications. Previous applications and claims submitted prior to March 31, 2026 will be processed. 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...
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...
By submitting the Small Business Assistance application (the “Application”), the applicant (the “Business”) agrees to the following Terms and Conditions of Small Business Assistance (the “Grant”). These Terms and Conditions, the Application, the Request for Payment, and the Small...
PEI’s economic strength is historically grounded in well established industries like agriculture, fishing and tourism. The economic focus for the future involves innovative research and development as well as supportive clustering in several key growth sectors: Advanced Marine...
By submitting the Small Business Investment Grant application (the “Application”), the applicant (the “Business”) agrees to the following Terms and Conditions of the Small Business Investment Grant (the “Grant”). These Terms and Conditions, the Application, the Request for...
The Small Business Assistance Program helps small businesses in Prince Edward Island improve productivity and competitiveness. It supports eligible costs related to accessing expert advice for strategic planning and improving operations. New businesses can also get support for marketing and promotional costs in their first year of operations. 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; actively operating on PEI; and is the primary source of income for...