Pilot and Discovery Fund

Innovation PEI

Agency: State

GrantWatch ID #167019

Grant Description

Grants of up to $25,000 to Prince Edward Island new and existing businesses that are in the early stages of developing a new product, service, or process to enhance and grow their operations. Funding is intended to provide early stage capital to accelerate the research and development phases of proposed projects.

Innovation PEI is interested in easing the financial burden of developing a prototype, alpha or beta, pilot scale production, or other activity. Final products or services should display a high degree of innovation and have commercial or consumer interest in the final product.

Proposed Projects must:
- Fit clearly within the strategic sectors of bioscience, value-added food, ICT, aerospace, professional services, manufacturing or advanced marine technologies.
- Disclose and address any potential ethical considerations regarding use of human subjects and testing, potential impact on the environment, information privacy, etc.
- Outline the potential gain (or use) of any intellectual or material property.
- Create a positive economic impact for the Province (jobs, economic spin-offs, etc.).

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Eligibility:

Others (see text field entitled "Additional Eligibility Criteria" for clarification)

Additional Eligibility Criteria:

Applicants Must:
- Be from the private sector, industry associations, or academia (federal and provincial government departments, agencies, or crown corporations are not eligible).
- Reside or be incorporated in Prince Edward Island.
- Demonstrate capacity to meet project outcomes as evidenced through appropriate experience, education and training, or partnerships.
- Be majority owners of their business or lead researchers on their project.

Eligible Use of Funds:
Eligible expenses include salaries, direct material, sub-contracting services, and equipment costs of up to $5,000. Indirect costs can total no more than 20% of direct costs. (This list is not exhaustive.)

Ineligible Use of Funds:
Ineligible costs include location related costs; rent, insurance, phone lines, internet charges, goodwill, property tax, and other taxes. (This list is not exhaustive).

Other Considerations:
- Applications should not be dependent on an existing or ongoing project. If a project is cost-shared with another organization, the applicant should ensure compliance with all funding sources when establishing budgetary requirements for the project.
- Applicants who have received previous government funding will have to provide additional information to clearly differentiate project activities and results.
- Applicants may submit one application for each round of funding. If an applicant submits more than one application, all applications will be disqualified from the competition.
- Applicants in arrears with any Government Department or Crown Corporation will be disqualified.
- Provincial government employees are ineligible as applicants.

Pre-Application Information:

Timeline:

Intake Deadline: January 22, 2016
Assembly of Peer Review Committee: Week of February 16, 2016
Peer Review Committee Meeting: Week of February 29, 2016
Notification to Applicants: Week of March 21, 2016

Additional Funding Information:

Estimated Size of Grant:

Approved projects are eligible for up to 50% to a maximum of $25,000 in funding for eligible project expenses.

Contact Information:

Heather Rossiter, MBA
Phone: (902) 368-5125
Email: hlrossiter@gov.pe.ca

Pilot and Discovery Fund
94 Euston Street / PO Box 910
Charlottetown, PE
C1A 7L9

RFP & Supporting Documents:

Full Grant Text RFP

Before starting your grant application, please review the funding source's website listed below for updates / changes / addendums / conferences / LOIs.

167019_2663.pdf

167019_IPEI-Pilot-AP.doc