Apply for Quality Improvement Assistance
The Quality Improvement Support contributes to the cost for Prince Edward Island companies to hire a professional to create or improve a system for quality improvement within the company or provide a certified quality education program for management and employees.
Who is eligible for Quality Improvement funding?
A company (sole proprietorship, partnership, cooperative or limited liability) is eligible for funding if it has a well-developed business and marketing plan and manufactures, processes, or provides exportable services in one of the following sectors:
- food development
- information and communication technology
- First-of-its-kind exportable services in other sectors may be considered.
Retail and consumer services businesses are not eligible for assistance through this service.
What activities are supported?
This assistance will contribute to the cost to:
- hire an expert to develop and implement a productivity or quality improvement plan
- establish a quality assurance/quality control program (QA/QC) including the cost of technical equipment necessary for testing, inspecting and measuring quality and productivity improvement
- provide quality assurance documentation, auditing, registration, certification
- implement HACCP and other food safety projects
- provide certified quality education programs for management or key supervisory employees, excluding degree granting or credit courses
- provide environmental management planning with a focus on increased efficiency through waste reduction
What level of assistance is available?
Assistance is limited to one application per business per calendar year and will contribute up to maximum $16,000 or 40 per cent of costs associated with:
- engaging outside expertise to design, develop and implement a plan to improve productivity, quality, food safety, or environmental management
- technical equipment necessary for testing, inspecting and measuring quality and productivity improvement
- purchasing or registering for certified quality education programs for management or key supervisory employees
What criteria are used to evaluate funding applications?
Not all projects meeting the minimum program criteria will receive funding. Applications will also be evaluated using the following considerations:
- potential for long-term viability
- export sales
- qualifications and track records of managers
- import substitution
- cost benefit to the province
- environmental impact
- availability of support funds
- employment creation
- level of assistance from other government services offered or available
The Quality Improvement Support will be monitored for a two-year period. In addition to yearly financial statements, applicants must be prepared to provide information, as requested, on the ongoing activities of the business.
If your project is approved, the accepted letter of offer shall constitute a contract between Innovation PEI and the applicant(s).
Should the project fail to comply with the terms of the contract or be discontinued, Innovation PEI may, at its sole discretion:
- declare the applicant to be in nonperformance (default of the contract)
- request the applicant to repay in full the incentive received
- take necessary legal action to collect the incentive amount in full with interest.
Application must be submitted before any financial or legal commitment is made on the project.
What do I need to apply for this service?
You should be prepared to provide the following:
- Business Plan Marketing Plan Project
- Feasibility or Market Study
- Competitive Analysis
- If the application concerns a study, please provide the consultant’s proposal(s) and the study’s terms of reference. (Costs should be supported by written quotations.)
What other information do I need to know before I fill in the application?
- Outline the history and description of your business.
- Existing businesses are required to provide detailed Financial Statements for the previous two years.
- New businesses and businesses planning expansions are required to submit complete business plans.
- List all shareholders and key management personnel.
- Describe the proposed project or activity in relation to the products and/or services delivered by your company.
- Describe the economic benefits to your organization and to Prince Edward Island.
- Provide detailed information on the estimated costs of the proposed project or activity. (Cost estimates should be supported by written quotations.)
- Outline all financial sources and provide appropriate contact information. (For example, lending institutions, banks, government loans and/or grants).
- Describe the size and capacity of your existing facility in relation to the proposed activity.
- Explain your current market position and identify your projected market outlining any increases in market share.