Applications are open for Innovation PEI’s 2024 spring Ignition Fund, which offers up to $25,000 to launch or expand a business in Prince Edward Island.
Since launching the Ignition Fund, 95 Island companies have been awarded $2,375,000 in funding to transform their ideas to market-ready innovations.
“The Ignition Fund process gives start up organizations like ours a fantastic opportunity to develop pitching skills in a safe environment” said Shelley Montreuil, CEO and co-founder of trippl inc. “Being one of the successful recipients is a proud moment for trippl. It has allowed us to fast track beta testing and improved customer experience for all our app users.”
The Ignition Fund is a competitive-based fund designed to support entrepreneurs seeking startup capital for new innovative business ventures or to develop and launch groundbreaking products.
“By providing startup capital and fostering a culture of innovation, we are laying the groundwork for a prosperous future in our province. This funding represents our commitment to nurturing innovation and supporting the dreams of local entrepreneurs.”
- Economic Development, Innovation and Trade Minister Gilles Arsenault
Innovation PEI will be accepting Ignition Fund applications until May 13 at 1 p.m.
Media contact:
Brooke Miller
Department of Economic Development, Innovation, and Trade
bmmiller@gov.pe.ca