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.).
Estimated Size of Grant:
Heather Rossiter, MBA
Phone: (902) 368-5125
Pilot and Discovery Fund
94 Euston Street / PO Box 910