Prince Edward Island Small Business Grants (2024): 160+ Business Grants, Government Loans in PEI
Category: Funding & Financing, Prince Edward Island
Tags: . 2024 business grants, business grants, funding in PEI
Starting, or growing a small business in P.E.I, while exciting, can also be a challenging journey. One of the elements that can have a major impact on the success of your business, is access to funding.
Luckily, the province of P.E.I, offers a number of great business grants, government loans, tax breaks and incentives to help small businesses and to support entrepreneurs at different stages of their business development.
These business grants and funding options can provide a financial boost that is required to turn innovation into a reality, expand operations and overcome the unexpected challenges of business ownership.
Join us as we explore all available Prince Edward Island business grants for 2024.
We will be looking at the regions in Prince Edward Island which will be able to provide you with the funding, the different types of funding available, what the funds can be used for, eligibility criteria as well, your access to over 160+ business grants, government loans..etc
Access 160+ Business Grants and Government Loans in Prince Edward Island
Regions of Prince Edward Island Government Funding Coverage
As a small business in Prince Edward Island, there are various funding options that your business may be able to obtain.
This funding comes from local governments, as well as regional governments.
Western PEI
The Western PEI region includes areas like Tignish, Alberton, and O’Leary. Special funding programs often target this region to support agriculture, fisheries, and small business development. This includes business grants, government loans, as well as tax breaks and incentives.
Central PEI
The Central PEI region encompasses cities like Summerside, Kensington, and Borden-Carleton. Funding may focus on tourism, urban infrastructure, and economic growth initiatives to bolster the local economy.
Eastern PEI
Eastern PEI includes areas such as Montague, Souris, and Georgetown. Funding initiatives often aim at supporting rural development, enhancing fisheries, and promoting cultural tourism.
Charlottetown Area
Charlottetown, the capital city, and its surrounding areas receive funding directed towards urban development, infrastructure projects, and supporting technology and innovation sectors due to the dense population and economic significance.
Government funding in Prince Edward Island is tailored to address the specific needs and opportunities of each of these regions, aiming to promote balanced growth and equitable resource distribution across the province. You can review all regions of Prince Edward Island within the Funding Database to access all options at your fingertips.
Access 160+ Business Grants and Government Loans in Prince Edward Island
Are Prince Edward Island Business Grants and Funding Right For You
If you are considering starting a business, or have an existing business in Prince Edward Island, you should consider government funding.
Remember, government funding does not meant just borrowing money (via Loan), but utilizing provided funding options such as government grants, incentives, tax breaks, credits..etc, towards the various expenses you may have in order to grow your business.
The benefit of being in Prince Edward Island, or the above mentioned regions of Prince Edward Island is that the government puts a lot towards the success of entrepreneurship, covering many audience types, including Startups, Women, Immigrants, Youth, Indigenous, Veterans, Minority Owned Businesses, Non Profits, Specific Regions as well as those in Specific Industries.
In other words, if you are a Canadian (or have PR); or are in business with a Canadian Citizen (or PR holder) and in need of funding support, chances are you are eligible for certain Prince Edward Island business grants and government funding programs.
With that in mind, you must have expenses that you’d like to cover. Have a look at the below, to see what Prince Edward Island small business grants can be used for!
What Can Prince Edward Island Small Business Grants Be Used For?
Prince Edward Island business grants and funding options can be used to cover a number of startup and expansion costs as you run your business. Here are some of the more commonly used user cases as how to benefit from the available funding:
☑️ To cover the initial startup and/or expansion costs
☑️ To assist you with purchase of tools, equipment and inventory to lower your initial costs
☑️ To help you adopt technology use in your business and get your business online
☑️ To provide you costs for marketing and advertising campaigns, or hire marketing related assistance
☑️ To give you working capital for the every day, day to day expenses
☑️ To cover the cost of wages for yourself, your staff and provide training
☑️ and much more
These are just a few of the expenses that Prince Edward Island business grants and funding can be used towards. For a full list, access the Funding Database and take advantage of over 1,500 different options, covering hundreds of possible expenses your business may have.
What are the types of government funding options in Prince Edward Island?
Access 160+ Business Grants and Government Loans in Prince Edward Island
The province of Prince Edward Island, including the mentioned local and regional government offices provide a large number of options for small business owners to take advantage of. These options vary from business to business, however the majority will come in the form of business grants, business loans and tax breaks/credits.
While these funds are all government funds, some can be government backed as well (via banks and lenders).
Prince Edward Island Business Grants
Business grants, considered free money is often the best form of funding that a business owner can obtain as it can give a business several key benefits, including:
Government grants in Prince Edward Island offer several benefits for businesses, including:
- Non-Repayable Funding: These are grants that do not need to be repaid, unlike loans, which helps businesses manage cash flow and reduce financial burden.
- Financial Support: These business grants provide crucial financial support, allowing businesses to invest in growth, innovation, and development without impacting their capital reserves.
- Risk Mitigation: Accessing these business grants reduces the financial risk associated with new projects, research and development, or expansion plans.
- Competitive Advantage: Government grants can enhance a business’s competitive edge by enabling investments in new technology, skilled labor, and market expansion.
- Encourages Innovation: Grants often target innovative projects, helping businesses develop new products, services, or processes that can lead to significant market advantages.
- Improves Credibility: Receiving a government grant can enhance a business’s credibility with investors, customers, and partners, as it demonstrates government support and validation of the business’s potential.
- Access to Expertise: Many grant programs offer additional resources such as mentorship, networking opportunities, and access to industry experts, which can be invaluable for business growth and development.
- Job Creation: These business grants aimed at job creation help businesses hire more staff, contributing to local economic development and increasing the company’s operational capacity.
Prince Edward Island Government Loans
Much like traditional bank loans, Prince Edward Island government loans are not different in a standard sense that you are still borrowing money, however, government loans have number of key benefits to a business owner utilizing them, including:
- Lower Interest Rates: Government loans often come with lower interest rates compared to traditional bank loans, making them more affordable and reducing the overall cost of borrowing.
- Flexible Repayment Terms: These loans typically offer more flexible repayment terms, allowing businesses to choose repayment schedules that align with their cash flow and financial situation.
- Access to Larger Amounts: Government loans may provide access to larger amounts of capital than other funding sources, enabling businesses to undertake significant projects or expansions.
- Support for Specific Sectors: Many government loan programs are tailored to support specific industries or sectors, providing targeted financial assistance to businesses in those areas.
- Encourages Investment in Innovation: Government loans often support innovation and development projects, helping businesses invest in new technologies, research, and development efforts that can drive growth and competitiveness.
- Boosts Business Credit: Successfully securing and repaying a government loan can help build and improve a business’s credit history, making it easier to obtain additional financing in the future.
- Job Creation and Economic Growth: Government loans can facilitate job creation and contribute to local economic development, benefiting both the business and the wider community.
- Supplementary Support: In addition to financial assistance, government loan programs may offer supplementary support such as business advisory services, mentorship, and networking opportunities.
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Less Stringent Requirements: Government loans may have less stringent eligibility and collateral requirements compared to private sector loans, making it easier for small and medium-sized businesses to qualify
Access 160+ Business Grants and Government Loans in Prince Edward Island
Prince Edward Island Tax Breaks / Tax Credits For Small Businesses
One of the easier funding types offered by the government of Prince Edward Island and the federal government is the available tax breaks and credits. These tax breaks and credits directly reduce the amount of taxes a business owes, resulting in significant cost savings that can be reinvested into the business.
By lowering tax liabilities, businesses retain more of their earnings, improving cash flow and financial stability. This also can encourage businesses to invest in new equipment, research and development, employee training, and other growth initiatives that might otherwise be cost-prohibitive.
No matter of the type of funding, be it a government business grant, a government loan, or a tax break/credit, as a startup or growing business, you should regularly check available government funding options in Prince Edward Island and take advantage of them.
How Much Grant Money Or Funding Can I Get For My P.E.I Business
Our Funding Database currently has over 1,500 different funding options available.
A typical business owner in P.E.I, starting up, or expanding their business, will be eligible to 4-5 different options. Multiple more options, if regular funding searches are conducted (this is done by our experts for you).
Funding amounts and how much you can get in grant funding varies from business to business, as it is based on your specific funding needs, in accordance to the expenses that you wish to cover.
Currently, for 2024, business grants and funding ranges from $1,000 to $500,000 (larger options are available when combined)
Access 160+ Business Grants and Government Loans in Prince Edward Island
Am I Eligible for P.E.I Small Business Grants?
Based on the current availability of government grants for small businesses in P.E.I, there are key factors that can determine eligibility. Not all factors apply to every program, but worth noting to help maximize your access to grants and funding.
☑️Business Location (often your city or region)
☑️Business Type (ie: your industry)
☑️Business Stage, or Business Size (new business, existing business, # of employees and revenue)
☑️Funding Needs (what the funds will be used for)
☑️Economic Impact (what your business can do for the economy; ie: create jobs)
It is important to note: Most cities and regions within P.E.I, offer some sort of government business grants and funding options to startups and existing business owners. While not every single business can get funds for every single type of expense, working with a funding expert can unlock potential to these options for you.
As mentioned, using our Funding Database, a typical business in P.E.I is eligible to 4-5 funding options!
2024 P.E.I Small Business Grants and Funding List – 160+ Options
Government funding options are constantly changing.
New city and regional options are constantly closing; and new incentives are coming in. Staying on top of these funding options is crucial to ensure you don’t miss any business grants and funding options for the rest of 2024.
Below is a list of over 160+ business grants, government loans and funding options that can help your small business in P.E.I.
If you wish to consider any of the options, speaking with a qualified expert is recommended – call 1-800-288-9691.
Access 160+ Business Grants and Government Loans in PEI
| Tourism Loans – PEI | Various Amounts |
Tourism businesses in PEI can receive loan funding for various reasons from this program.
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| Heritage Places Grant | $3,000 |
Grants are available to support owners of designated heritage properties on PEI to undertake repairs or restoration projects.
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| Information Technology Planning Program | $5,000 |
The Information Technology Planning Program helps PEI businesses to hire an information technology consultant.
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| Early Learning & Child Care Grants | Various Amounts | Funding opportunity for child care centres in PEI |
| Community Celebration Fund | $2,500 | Funding for PEI non-profits to hold festivals or events. |
| Tuition & Subsidy – On Site Courses | $1,500 |
Bonavist Institute for Cultural Tourism offers workshop fees and subsidies in order to enhance learning experiences in the cultural tourism industry.
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| Craft Development Program | $1,000 | The purpose of this program is to assist craft producers in PEI. |
| Marketing Support Assistance | $16,000 |
Funding opportunity for PEI ventures to cover market research and marketing expenses
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| CBDC Social Enterprise Loan | $150,000 |
CBDC Social Enterprise Loans and financing is available to Social Enterprises such as non-profit organizations, cooperatives or membership organizations in a form of a loan or loan guarantee. The Social Enterprise Loans provides financial support to businesses with revenue generating operations. The loan can be also used to purchase assets, renovate existing ones or to expand a social enterprise.
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| Community Capacity Fund | $10,000 | Offers initial planning stage  |
| Translation Assistance Program | $4,000 |
The Translation Assistance Program offers financial assistance to small and medium-sized businesses in the Atlantic region who wish to translate their promotional material. You can apply for up to 50% of the costs of eligible translation projects, up to a maximum of $2,000. The minimum allowed size for translation projects is above $1,000 (approximately 4,500 words).
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| Funding for Publishing Companies | $15,000 |
The Publishing Assistance promotes the development of a strong PEI literary community and publishing industry by helping Prince Edward Island publishers produce and distribute literary works.
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| Food Product Development Assistance | $50,000 | Funding to assist in the creation of new food products. |
| Small Loan Program for the Cottage Craft Industry | $1,000 |
Provide loans to aboriginal cottage craft business owners for the purchase of inventory, tools, raw materials, and to cover other eligible expenses.
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| Information Technology Implementation Program | $40,000 |
This program helps businesses on PEI to implement information technology solutions.
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| Marketing Support Program | $16,000 |
Marketing Assistance helps Prince Edward Island businesses with marketing costs to execute exporting plans and activities. The fund enables businesses to accelerate sales and increase their market reach.
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| PEI Broadband Fund for Internet Service Providers | Various Amounts | Funding opportunity for PEI Internet Service Providers |
| Acadian and Francophone Culture Fund | Various Amounts |
Financial assistance for PEI non-profits to develop or promote a unique and innovative cultural experience that will attract Francophone residents/visitors.
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| Storytelling Development Fund | $5,000 |
Grants for PEI businesses towards scriptwriting costs required for film, TV and screen based projects
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| Stingray Stimulus Plan | $15,000,000 |
Radio advertising grants for local Canadian businesses in Stingray radio markets.
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| PEI Arts Grants Funding | $5,000 | Grants to support art and artists of Prince Edward Island |
| PEI Food Product Development Fund | $50,000 |
Provide grants to help businesses access professional and technical services offered by BIO|FOOD|TECH.
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| Bioscience Tax Holiday | Various Amounts |
To provide Prince Edward Island companies looking to expand and build on commercial opportunities in the Bioscience industry with a tax holiday which will provide up to ten years of provincial corporate income taxes.
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| GST/HST credit | Various Amounts |
Taxpayers building or buying a new house or substantially renovated one that will be their primary place of residence can get a housing rebate on the GST or federal part of the HST. The rebate will reduce GST/HST from 5% to approximately 3.5% for homes valued at $350,000 or less.
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| Manufacturing and Processing Loans | Various Amounts |
This program is designed to provide loans to individuals who own a business in the value-added, raw-product transformation industry in Prince Edward Island.
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| Enriched Investment Tax Credit | Various Amounts |
A tax rebate for export oriented manufacturing and processing businesses in Prince Edward Island.
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| Advanced Marine Technology Tax Assistance | Various Amounts |
Advanced marine technology companies will benefit from this scheme and will enhance their potential to parallel the success of the aerospace industry in P.E.I.
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| Summerhill Venture Partners | $4,000,000 |
Summerhill Venture Partners is an early stage venture capital firm that focuses on working with digital media and information technology.
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| Apply for Information Technology Planning Assistance | $2,500 |
This program is designed to provide loans to individuals working in the IT sector.
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| Desjardins GoodSpark Grants | $20,000 |
Grants are available for eligible SMEs across numerous provinces for projects focused on sustainable development, employment and innovation.
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| CBDC Business Counselling | Various Amounts |
To help entrepreneurs create small businesses and assist in the expansion and modernization of existing businesses by way of offering guidance and counseling.
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| Employment Services and Supports | Various Amounts |
The program provides funding to PEI employers that want to upgrade the skills of their employees through training.
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| Export Help! Program | $5,000 |
To give export-ready companies on Prince Edward Island access to qualified consultants with expertise in the export market.
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| NOHC-Investment Grow Stream | $1,000,000 |
The program provides funding to encourage business productivity as well as expansion in Northern Ontario.
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| Web Presence Assistance | $2,500 |
The program provides grant funding for PEI businesses to establish an internet presence.
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| Ignition Fund Program for Changemakers | $10,000 |
The Ignition Fund Program for Changemakers is designed to help early-stage changemakers kick-start their validated idea into business model development and prototype development. It is designed to update and streamline the opportunities provided through the PDC Social Innovation Fund, Technology Ignition Fund, and Failure Fund Programs. You can apply for between $5,000 to $10,000 from the Ignition Fund Program for Changemakers.
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| Enriched Investment Tax Credit | $35,000 |
The Share Purchase Tax Credit Program offers a tax rebate on your Prince Edward Island personal income tax, provided as 35 per cent of the value of an eligible investment in an eligible PEI corporation. The maximum credit that an individual may claim in any taxation year is $35,000.
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| Catalyst Fund Program for Changemakers | $5,000 |
The Changemaker Funding Program is designed to update and streamline the opportunities provided through the PDC Student Catalyst Fund, Social Innovation Fund, Technology Ignition Fund, and Failure Fund Programs. In general, applicants must successfully complete the Catalyst Fund Program in order to apply for the Ignition Fund Program. You can apply for up to $5,000 in grant funding from the Catalyst Fund Program.
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| Work Smarts | $7,735 |
Work Smarts provides a wage subsidy to employers in Atlantic Canada who hire recent graduates.
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| Cluster Development Program | $7,500 |
Export-ready companies on Prince Edward Island are given a non-repayable contribution of up to 75% (or $7,500) of maximum allowable costs of $10,000 to hire a skilled facilitator who will provide assistance tailored to their specific export related needs.
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| Business Development Program | Various Amounts |
To provide venture capital financing to small and medium-sized Atlantic Canada-based businesses for start-up, expansion, or modernization.
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| Ulnooweg Loan | $250,000 |
To provide financial assistance to aboriginal business owners in Atlantic Canada.
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| Innovation Loan | $150,000 |
The Innovation Loan encourages business productivity and effectiveness in rural Atlantic Canada by offering finance, up to $150,000, to support the adoption of new technologies and methods for commercial applications, as well as new products or services, training, and counselling.
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| Entrepreneurial Leaders Program | $10,000 |
The Wallace McCain Institute invites a small, exceptional group of high potential entrepreneurs each year for the Entrepreneurial Leaders Program. The class meets once each month for one year. Each session will be two days in length and will be focused on a central topic.
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| First Angel Network | Various Amounts |
First Angel Network is a network of angel investors. Companies that are deemed investment ready will be provided with the opportunity to present to the full membership of the First Angel Network at quarterly dinner meetings. You get to make a pitch to member investors as a group, instead of having to seek them out one by one.
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| Human Resources Implementation Program | $5,000 |
Provides funding to assist Prince Edward Island SMEs with implementing a human resources strategy.
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| Black Business Initiative Financial Assistance | $25,000 |
A collection of programs and services designed to assist small to medium-sized enterprises, start-up companies and aspiring entrepreneurs in the African Nova Scotian Community.
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| CBDC General Business Loan | $150,000 |
The General Business Loan provides up to $150,000 in funding for an expansion of your existing premises, to purchase an existing business, construct a new building, or buy new equipment and additional materials to meet increased customer demand.
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| Innovative Communities Fund (ICF) | Various Amounts |
Provides financial assistance to projects that contribute to the economic development of Atlantic Canada’s communities.
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| 3+ SEED Capital Program | $20,000 |
Seed Capital Program provides loans towards starting, expanding or improving a small business and acquiring training business skills. ACOA’s Seed Capital Program provides up to $20,000 per applicant in the form of a repayable, unsecured, personal loan with flexible interest and repayment terms, and up to $2,000 is available per applicant for specialized training and business counseling.
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| Human Resources Planning Program | $1,000 |
The Human Resources Planning Program assists new and existing small businesses in Prince Edward Island who want to develop long-term human resource policies. Subject to a maximum limit of $1,000 per business, you can apply for up to 50% of the cost of engaging qualified professionals to assess the company’s existing human resource policies, and develop a Human Resource Action Plan.
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| Pitch for the Purse | Various Amounts | Pitch competition win seed funding for female founders |
| Funding For Canadian Small Businesses | $300,000 |
Funding is available for Canadian SMEs across numerous industries.
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| Web Presence Assistance | $2,500 | Up to $2,500 in grants PEI SMEs to build a web presence |
| Launch Program | Various Amounts |
The Launch Program is a 12-week training program to help guide entrepreneurs through the early stages of validating, developing and launching a startup. You can attend it on-site at one of their community partners – St. John’s NL, Fredericton NB, Halifax NS and Charlottetown PE.
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| Atlantic Innovation Fund | $3,000,000 |
To help Atlantic Canadians compete on the international stage through the development of new ideas, products, businesses and markets.
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| Canada-PEI Job Grant | $10,000 |
The Canada- PEI Job Grant provides training grants of up to $10,000 per trainee to assist employers in providing their choice of employees and new hires with the skills training required to do their jobs. The grant funding is meant to provide unemployed, under?employed or employed individuals in Prince Edward Island with the skills they need get gainful employment or a better job.
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| Employ PEI | Various Amounts |
To provide financial compensation in order to encourage employers to hire eligible individuals and provide them with an on-the-job work experience to enhance their skills and ability to be employed.
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| Professional Services Assistance Program | $1,000 |
To provide non-repayable contributions and counseling to owners of small businesses in P.E.I..
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| Indigenous Youth Cultural Resilience Grant | $5,000 |
To provide business loans to aboriginal Canadians living in Atlantic Canada.
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| Prince Edward Island Business Women’s Association | Various Amounts |
The Prince Edward Island Business Women’s Association provides advice, mentoring, networking events, and other business resources to women in business on PEI.
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| Self-Employ PEI | Various Amounts | To help unemployed people start their own business. |
| Build Program | $150,000 |
The Build Program focuses on later stage startups, and is a 12-week
training program to develop the entrepreneurial skills required to grow the company. There is a strong emphasis on sales and marketing support. The cost of the program is $5,000, payable only if you manage to raise outside funding at the end of the program.<br> |
| Finance PEI: Entrepreneur Loan Program | $100,000 |
The Entrepreneur Loan Program is designed to increase the financing in order to help new businesses get started and established firms make improvements and expand, to improve access to loans that would not otherwise be available to small businesses and to stimulate economic growth and create jobs for Islanders.
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| Product and Market Development Program | $50,000 |
The PEI Product Development Program offers business grants of up to $50,000 as technical assistance for Prince Edward Island for the development and testing of new and improved products and processes, and other technical development-related activities. The grant can cover up to 50% of project costs, subject to a maximum of $50,000 for one company in a 12-month period. Applicants may seek funding for multiple projects, but total funding provided to the company will be limited to $50,000 in one year.
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| Incoming Buyers Program – Domestic | $2,250 |
The Incoming Buyers Program (Domestic) offers business grants of up to $2,250 (75% of maximum allowable costs of $3,000) for active exporters and export ready companies on Prince Edward Island. The grant funding is meant to assist in bringing qualified potential Canadian buyers and business partners to the province.
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| PEI Broadband Fund for Businesses | Various Amounts |
Funding opportunity for PEI businesses to finance high-speed internet
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| Incoming Buyers Program – International | $2,250 |
This program is intended to help PEI businesses secure international buyers. The Incoming Buyers Program will provide a non-repayable contribution of up to 75% or $2,250 of maximum allowable costs of $3,000 associated with bringing a qualified buyer/partner to the province. The client must be willing to bear the remaining 25% of total budgeted costs.
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| Trade Mission Support Program | Various Amounts |
Provides financial assistance to Prince Edward Island businesses participating in international trade missions and trade shows.
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| Specialized Labour Tax Credit | Various Amounts |
The Specialized Labour Tax Credit Program offers a tax rebate of up to 17% on personal income tax, available to specialized workers who migrate to Prince Edward Island to fill a specific, identified position which the employer can demonstrate could not be filled from the existing PEI labour pool. The tax credit is intended to help kick-start new business growth by providing an incentive for workers with specialized expertise or skills to take up employment in Prince Edward Island.
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| Innovation and Development Labour Rebate Program | Various Amounts |
To provide employers with a refundable labour rebate to help offset the costs of projects that will support of the development and/or commercialization of new products, processes and services that will be sold primarily beyond the borders of PEI.
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| Capital Acquisition Assistance | $25,000 |
Supports Prince Edward Island businesses investing in technology, equipment, and infrastructure.
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| Propel Accelerator | Various Amounts | Online accelerator for promising tech start-ups in Atlantic Canada |
| Aerospace and Defense Tax Rebate | Various Amounts |
To help create new employment opportunities and wealth for the Prince Edwards Island’s aerospace and defence-related industry.
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| Proof of Concept | $20,000 |
Proof of Concept is one of the four streams of grant programs under Springboard Atlantic’s Innovation Mobilization Program. Proof of Concept grants are meant to be used for accelerating the pre-competitive development of promising technologies. Applicants may seek up to $20,000 per project, including matching funds.
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| Marketing Support | $25,000 |
Marketing Support is one of the four streams of grant programs under Springboard Atlantic’s Innovation Mobilization Program. Marketing Support grants are meant to be used for building and/or developing a prototype of a technology for marketing purposes. Applicants may seek up to $25,000 for market consulting (including matching funds).
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| Patent and Legal | $15,000 |
Patent and Legal is one of the four streams of grant programs under Springboard Atlantic’s Innovation Mobilization Program. Patent and Legal grants, meant to be used for analysis, establishment or strengthening of an early IP or patent position, cover up to $15,000 in project costs, including matching funds.
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| Quality Improvement Support Program | $16,000 |
The program provides financing for PEI businesses to create or improve a quality enhancement program.
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| Productivity Improvement Program | $16,000 |
Financial assistance is available to businesses on Prince Edward Island to increase knowledge about productivity improvement.
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| Rental Incentive Program | Various Amounts |
Provides financial assistance to PEI businesses for leasing incremental space.
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| Capital Acquisition Program | $25,000 |
To offer financial assistance to Prince Edward Island businesses in acquiring the infrastructure necessary to the development of export capabilities from start-up through to international exporting.
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| Industry Engagement | $15,000 |
Industry Engagement is one of the four streams of grant programs under Springboard Atlantic’s Innovation Mobilization Program. The Industry Engagement grants, meant to promote the development of effective regional partnerships with industry, cover up to $15,000 in project costs, including matching funds.
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| Organic Industry Development Program: Increasing Market Competitiveness Subprogram | $60,000 |
Provide funding to assist farmers and processors increase their competitiveness in the certified organic market place.
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| Live Lobster Holding Program | $50,000 |
The Live Lobster Holding Program offers business grants of up to $50,000 as financial assistance for the development and expansion of land based live lobster holding facilities in Prince Edward Island. This is provided as a 10% non-repayable contribution towards eligible project costs during a 12-month period.
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| Fisheries and Aquaculture Loans | Various Amounts |
To provide loans to individuals working in commercial fishery and aquaculture, with flexible repayment options customized to cash flow.
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| Business Development Program: Benchmarking and Risk Management | Various Amounts |
The BDP Benchmarking and Risk Management sub-program provides grants for projects that build the capacity of Prince Edward Island farmers to better understand their financial situation, know their costs of production, benchmark their farm performance, and assume responsibility for comprehensive risk management. Funding is available to groups of five or more farmers, and to PEI agricultural industry organizations, clubs, and associations.
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| Business Development Program: Training and Organizational Development | $30,000 |
The BDP Training and Organizational Development sub-program provides training grants for group training to PEI agricultural producers, and to strengthen farm organizations through funding for strategic planning and executive training. You can apply for up to 90% of eligible expenses, to a maximum of $30,000 per project under the Group Training for Farmers program. For strategic planning and executive training programs, you can apply for up to 40% of eligible expenses, to a maximum of $15,000 per project.
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| Organic Industry Development Program: Specialized Equipment Subprogram | $15,000 |
Provide assistance to producers of organic products in terms of utilizing competitive soil fertility practices and pest control.
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| Strategic Industry Growth Initiative Program | Various Amounts |
Funding opportunity for PEI agricultural ventures to improve commercialisation of food products
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| Business Development Program: Planning | $30,000 |
The BDP Planning sub-program provides agricultural producers with financial assistance for a variety of consulting services to address issues such as cost control, benchmarking, diversification, marketing, value-added enterprises, succession plans, etc. The exact amount of funding you can apply for depends on the type of activity and consultant, the number of farming entities involved, and whether the applicant has completed the BDP Self-Assessment program.
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| Technology and Science Adoption Sub-Program | Various Amounts |
Funding opportunity for PEI agricultural ventures and organizations
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| Product and Market Development Program | Various Amounts | Funding opportunity for PEI agricultural ventures |
| Farmland Financing Program | Various Amounts |
This program works to provide Prince Edward Island farmers with term loans to purchase additional farmland.
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| Organic Industry Development Program: Increasing Market Competitiveness Sub-Program | $40,000 |
Provide funding to encourage agricultural producers to expand into certified organic production.
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| AgriInvest | Various Amounts |
AgriInvest is one of the business risk management programs the Sustainable Canadian Agricultural Partnership (Sustainable CAP)
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| Innovative Technologies Sub-Program | Various Amounts |
Funding opportunity for PEI agricultural ventures to launch innovative projects
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| Business Development Program: Self-Assessment | $1,500 |
The BDP Self-Assessment sub-program provides workshops and grants for Prince Edward Island agricultural producers to help you assess current farm management practices and skills, and develop and implement sound business management practices and Action Plans. Applicants who have attended the workshop and have come up with an approved Action Plan may be eligible to receive up to $1,500. This funding can be claimed within 24 months of attending a workshop for implementing the Action Plan.
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| Fisheries Interest Relief Program | Various Amounts | Financial support for fisheries in PEI |
| Future Farmer Program | $10,000 |
To help encourage new Prince Edward Island farmers to develop successful commercial farm operations.
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| Business Development Program: Agri-Skills | $16,000 |
The BDP Agri-Skills sub-program provides training grants for agricultural producers and their spouses for skills training related to increasing farm profitability, managing business risks, and being better positioned to adopt new technologies for the farm. You can apply for up to $8,000 per participant and up to $16,000 per farm entity over the life of the program. Approved applicants are referred to Holland College for approval of training and payments.
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| Agriculture Loans | Various Amounts |
Provides loans to individuals in the agricultural industry to purchase farm lands, buildings and more.
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| PEl Product Development Assistance | $50,000 | Up to $50,000 in financial support for PEI food companies |
| Equipment Purchase and/or Renovations Assistance | $10,000 | Up to $10,000 for PEI SMEs to cover equipment costs |
| PEI Productivity Improvement Assistance | $16,000 | Grant for PEI-based SMEs to improve productivity |
| PEI Quality Improvement Assistance | Various Amounts |
Grant opportunity for PEI SMEs to create or improve a system for quality improvement
|
| Information Technology Planning Assistance | $2,500 | Up to $2,500 in grants for PEI SMEs to cover IT costs |
| PEI Business Development Assistance | Various Amounts | Business Development grants for PEI SMEs |
| Impact Loan | $25,000 | Low-interest loans for young entrepreneurs. |
| PEI Rental Cost Assistance | Various Amounts | Grant available to cover rent expenses for PEI SMEs |
| CBDC Youth Loan Program | $150,000 |
Provide loans to help young entrepreneurs develop their business ideas.
|
| CBDC First-Time Entrepreneur Loan | $150,000 |
To encourage small business activity in rural Atlantic Canada by offering loans for use as an investment in eligible new businesses.
|
| Human Resources Implementation Assistance | $5,000 | Up to $5,000 in grant for PEI SMEs to cover HR costs |
| Small Business Investment Grant | Various Amounts |
Funding for SMEs to improve efficiency and innovation by way of a non-repayable financial contribution toward the purchase of eligible capital asset cost.
|
| Affordable Housing Development Program | $55,000 |
The Prince Edward Island Housing Corporation can provide a forgivable loan of up to $55,000 per unit to support construction costs in exchange for maintaining rental rates at an affordable level.
|
| Critical Minerals and Emerging Tech | Various Amounts |
Grant funding opportunity to support development of next-generation materials, critical minerals, and end products for a more competitive, modern, and sustainable minerals and materials industry.
|
| Bioenergy and Circular Economy | Various Amounts |
Grant funding opportunity to support projects focused on renewable fuels, waste conversion and building a circular economy in plastics
|
| Global Grand Challenges Network | Various Amounts |
Accelerating Catalyzing Solutions for Climate Change’s Impact on Health, Agriculture, and Gender
|
| Humanitarian Grand Challenge: Transition to Scale | $1,500,000 |
$300,000 CAD up to $1.5 million CAD to fund groundbreaking, sustainable, and local solutions to pressing issues affecting communities touched by conflict
|
| Grand Challenges Canada – Transition to Scale | $3,000,000 |
$250,000 to $3 M CAD in grant funding for global health innovations
|
| National Arts Service Organizations | Various Amounts |
Grant funding opportunity for Canadian arts service organizations with mandates to promote and support the arts on a national level.
|
| Representation and Promotion – Arts Across Canada | $30,000 |
Up to $30,000 of grant funding for travel linked to promotion and the development of new markets for Canadian artists and artistic works.
|
| Market Access Strategy for Official Language Minority Communities Fund | $60,000 |
Up to $60,000 of grant funding to support Canadian professional artists, arts professionals, artistic groups and arts organizations who self-identify as belonging to an OLMC
|
| Strategic Innovation Fund: Seed Grants | $25,000 |
Up to $25,000 of seed funding to kickstart small-scale innovation activities that explore and develop capacity, partnerships, and promising innovation ideas.
|
| Search and Rescue New Initiatives Fund | Various Amounts |
Grant funding for projects that will improve Canada’s search and rescue system
|
| Commercialization Consulting and Mentoring Program | $16,000 |
Up to $16,000 in grant funding to help Atlantic Canadian businesses and institutions in the final stages of commercialization.
|
| Canada Digital Adoption Program | $15,000 | Up to $15,000 in grant funding for Canadian SMEs |
| PEI Innovation Fund | $50,000 |
Get a maximum of $50,000 in financial support to cover up to 50% of the cost of refining and commercializing a new innovative product or modifying an existing one for a new market.
|
| R-LABS Entrepreneur-in-Residence | Various Amounts | Funding opportunity for real estate entrepreneurs |
| Safe x Connected Cities Accelerator | Various Amounts |
Safe x Connected Cities Accelerator – Funding opportunity for innovative startups
|
| Arts Festivals and Presenters – Arts Across Canada | Various Amounts |
Grant funding opportunity for Canadian arts organizations to present and exhibit quality art and literary works to Canadian audiences
|
| Artistic Institutions – Engage and Sustain | Various Amounts |
Grant funding opportunity for major Canadian arts organizations rooted in their communities and dedicated to supporting artists and a variety of arts practices
|
| Artistic Catalysts – Engage and Sustain | Various Amounts |
Grant funding opportunity for Canadian arts organizations that play a pivotal role in nurturing artistic practices and respond to the evolution of creative communities across Canada
|
| Thrive Impact Fund | $700,000 | Up to $700k in loan funding for impact driven companies |
| Canada-UK Critical Minerals: Sustainability and Circularity | $500,000 |
Up to $500,000 in grant funding for Canadian SMEs looking to start joint R&D projects focused on driving circularity in critical minerals
|
| Access Support – Strategic Funds | Various Amounts |
Grant funding opportunity for individual applicants who self-identify as Deaf, having disabilities or living with mental illness, as well as groups and organizations that dedicate the majority of their resources towards supporting these communities
|
| Digital Greenhouse | $50,000 |
Up to $50,000 in grant funding to support short-term projects that leverage digital technology
|
| Digital Generator | $40,000 | Up to $40,000 of grant funding for artistic groups and collectives |
| Cultivate Grants | $250,000 |
Up to $250,000 in funding to implement, pilot and prototype innovation projects that address systemic issues and benefit the broader arts sector.
|
| GMF funding | Various Amounts |
Grant and loan funding for sustainability projects that help municipalities adopt climate solutions faster
|
| Newcomer Entrepreneur Accelerator Program | Various Amounts | Accelerator program for newcomer-owned start-ups |
| Velocity Fund | Various Amounts | Funding opportunity for innovative startups |
| Venture Ready (VR) Pre-Incubator Program | Various Amounts | Funding and mentorship opportunity for early-stage start-ups |
| Techstars Remote Accelerator | $120,000 | Funding & mentorship opportunity for innovative startups |
| Business purchase or transfer financing | Various Amounts | Financing opportunity for merger and acquisitions |
| Financing for tech companies | Various Amounts | Funding opportunity for tech businesses |
| Working capital financing | $350,000 | Up to $350,000 in loan funding for working capital |
| Climate Tech Fund II | Various Amounts | Funding opportunity for clean tech startups |
| Creating, Knowing and Sharing Program | Various Amounts |
Mentorship and grant opportunity for First Nations, Inuit and Métis-owned organisations in the arts industry
|
| Explore and Create – Research and Creation | $25,000 |
Up to $25,000 in grant funding for artistic organisations to invest in R&D
|
| Women Entrepreneurship Loan Fund | $50,000 | Funding opportunity for Indigenous women entrepreneurs |
| Kensington Capital Partners | Various Amounts | Funding opportunity for innovative startups |
| Timia Capital | Various Amounts | Funding opportunity for innovative startups |
| League of Innovators Labs Accelerator Program Batch 11 | Various Amounts |
Mentorship and funding opportunity for young entrepreneurial leaders
|
| Canada-UK: Biomanufacturing of Biologics and Advanced Therapies | $900,000 |
Up to $800,000 in funding for innovative technology that enables flexible, scalable, efficient and cost effective manufacturing of novel biological therapeutic products and delivery systems.
|
| Good Fashion Fund | $2,500,000 | Funding opportunity for sustainable fashion startups |
| Closed Loop Plastics Fund | Various Amounts |
Funding opportunity for startups focused on the recovery and recycling of plastics
|
| Closed Loop Ventures Group | Various Amounts |
Funding opportunity for innovative startups in the circular economy
|
| Vevolution Collective | Various Amounts |
Funding opportunity for plant-based and cellular agriculture startups
|
| The Drive Ventures | $250,000 | Up to $250,000 in funding for innovative startups |
| Housing Accelerator Fund | Various Amounts |
Supports the development of complete, low-carbon and climate-resilient communities that are affordable, inclusive, equitable and diverse.
|
| The Canada Fund for Local Initiatives | $31,000 |
Up to $31,000 in grants for small-scale, high-impact projects abroad
|
| The Momentum $1,000,000 Challenge | $1,000,000 | Up to $1,000,000 in funding for promising startups |
| Canada-Germany Digital Media Incentive | $300,000 | Up to $300,000 in funding for digital media projects |
| Canada–France Co-development and Co-production Incentive for Interactive and Immersive Digital Media Projects | $150,000 |
Up to $150,000 in funding for virtual and augmented reality projects
|
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