Before starting your claim: Individual receipts must be valued at greater than $50.00 All expenses must be incurred between April 1 and March 31. The Company's request for payment must be submitted to Innovation PEI not later than May 31. Ensure you have electronic copies of all...
PROGRAM SUMMARY The Enriched Investment Tax Credit (EITC) is intended to advance the competitiveness of Prince Edward Island’s manufacturing industry by encouraging investment for modernization and productivity improvement. The Prince Edward Island Income Tax Act provided for a...
By submitting the Small Business Assistance application (the “Application”), the applicant (the “Business”) agrees to the following Terms and Conditions of the Small Business Assistance program (the “Grant”). These Terms and Conditions, the Application, the Request for Payment...
Food Product Development Assistance is available to Prince Edward Island businesses to access professional and technical assistance in creating or improving a new food product or process. This assistance can be used to develop and test new and improved products and processes, and other technical development-related activities. Funding through this program is intended to support the engagement of expertise as the business moves its product or process from the earliest stage of development through to commercialization. Who is eligible for Food Product Development Assistance? To be an eligible...
The Equity Investors Incentive provides new and expanding businesses in Prince Edward Island with a tool to encourage and attract private sector investment. The program provides a non-repayable incentive to investors to encourage investment in an approved Prince Edward Island-based investee business by increasing the return-on investment to investors. To be deemed an approved investee company, a Prince Edward Island business must receive approval of its application and enter into a contract with Innovation PEI before accepting investments from eligible investors. This web page provides an...
Strategic Improvement Assistance supports Prince Edward Island businesses undertaking strategic activities to become more productive, profitable and competitive. The program supports costs for outside professional expertise required for projects related to improving operational efficiencies, internal planning or processes, and quality assurance. Who is eligible for Strategic Improvement Assistance? To be an eligible applicant, a business must be located in Prince Edward Island and: registered to conduct business and actively operating on Prince Edward Island; manufactures, processes, or...
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...
To encourage the creation and viability of small businesses in Prince Edward Island, Small Business Assistance supports activities that increase productivity and competitiveness. The program supports eligible costs related to internal planning and processes. A new business is eligible for support for marketing and promotion activities. 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 (business registration may not be required for business planning support)...
COVID-19 Special Leave Fund - Employee Declaration Form