Capital Acquisition Support

Q: How much funding can be received?

Capital Acquisition Support Funds up to 25% of admissible expenses, capped at $25000 per project.

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Is the Capital Acquisition Support a grant, loan, or tax credit?

Capital Acquisition Support is a Grant and Funding

Q: Who are the financial supporters of the Capital Acquisition Support?

Capital Acquisition Support is funded by Government of Prince Edward Island, Innovation PEI

Q: Who is eligible for the Capital Acquisition Support program?

To be eligible for the Capital Acquisition Support program, you must: • No specific eligibility criteria are provided due to lack of information.

Q: Who can I contact for more information about the Capital Acquisition Support?

You can contact Government of Prince Edward Island.

Q: Where is the Capital Acquisition Support available?

The Capital Acquisition Support program is available the province of PE.

Last Update: July 22, 2025

PE, Canada

Financial help for Prince Edward Island businesses

At a glance

Eligible Funding

Max. $25,000
Up to 25% of project cost

Timeline

Unspecified

Financing Type

Grant and Funding

Eligible Industries

Manufacturing
Information and cultural industries
Arts, entertainment and recreation

Funds Providers

Unspecified

Program status

Open

Overview

Get funding of up to $25,000 to cover 25% of project costs for businesses of all levels, from local start-ups to international exporters that want to invest in technology, equipment, and infrastructure in order to grow their business.

Activities funded

Examples of admissible projects:

$ 5,000

Renovating a workspace for a co-working center

$ 8,750

Renovating a community center gym

$ 7,500

Upgrading the digital infrastructure for a financial services company

$ 18,750

Purchasing new farming machinery for an agricultural cooperative

$ 6,250

Upgrading the kitchen facilities at a local bakery

$ 18,750

Expanding a dental clinic with new equipment

Eligibility

Eligibility for this grant is determined by specific requirements related to the location, registration, and sector of operation of the business.

The business must be located in Prince Edward Island.
The business must be registered to conduct business and actively operating in Prince Edward Island.
The business must primarily manufacture, process, or develop goods or services for export.
The business must operate within one of the strategic sectors: bioscience, aerospace and defence, advanced manufacturing and processing, renewable energy and clean technology, information and communications technology, or creative and cultural industries.
Businesses providing first-of-its-kind exportable goods or services in other sectors may also be considered.
The business must not have a defaulted outstanding debt obligation on file in the Province’s Central Default Registry.

Who is eligible?

Eligible businesses must be located in Prince Edward Island, be registered and actively operating on Prince Edward Island. They must manufacture, process, or develop goods or services primarily for export and operate within one of the strategic sectors like bioscience, aerospace and defence, advanced manufacturing and processing, renewable energy and clean technology, information and communications technology, and creative and cultural industries. Businesses offering first-of-its-kind exportable goods or services in other sectors may also qualify. Businesses with defaulted outstanding debt obligations in the Province’s Central Default Registry are ineligible, as well as any new project submissions from applicants in default on any reporting, project completion, or financial obligation to Innovation PEI.

Who is not eligible

This grant excludes certain companies and industries due to their status or main activity. The restrictions aim to ensure that funds are directed toward businesses in Prince Edward Island contributing to the strategic sectors.

Businesses not operating primarily in the strategic sectors defined by the program.
Companies with defaulted outstanding debt obligations on the Province's Central Default Registry.
Businesses in default on reporting, project completion, or financial obligations to Innovation PEI.

Eligible expenses

This grant supports Prince Edward Island businesses in acquiring capital assets necessary for business growth. It focuses on investments in technology, equipment, and infrastructure improvements.

Acquisition of machinery and equipment for business operations.
Renovations or leasehold improvements directly related to business establishment or expansion.

Selection criteria

The evaluation and selection of projects for the Capital Acquisition Assistance grant are based on a set of criteria to determine the project's potential impact and alignment with the program's objectives.

Potential for long-term viability.
Export sales potential.
Qualifications and track records of managers.
Import substitution capability.
Economic benefit to the province of Prince Edward Island.
Environmental impact assessment.
Availability of program funds.
Employment creation potential.
Level of assistance from other government assistance offered or available.

How to apply

Preliminary Consultation

Contact an Innovation PEI Business Development Officer for guidance.
Discuss the project's suitability for the Capital Acquisition Assistance program.

Prepare Application Documents

Outline the history and provide a description of the business.
Compile detailed financial statements for the previous two years if an existing business, or a completed business plan if a new business.
Prepare a description of the proposed project or activity.
Detail the economic benefits to the organization and Prince Edward Island.
Gather detailed cost estimates of the proposed project supported by written quotations.
List the sources of funds for the project.
Describe the business's current market position and projected market.
List all shareholders and key management personnel.

Submit Application

Ensure the application is submitted before any financial or legal commitment is made on the project.
Send the completed application and all supporting documents to Innovation PEI.

Additional information

Here are additional relevant details for this grant:

Applicants should consult with an Innovation PEI Business Development Officer for guidance before applying.
An application must be submitted before making any financial or legal commitments related to the project.
If the application is successful, the acceptance of a letter of offer will form a contract between the applicant and Innovation PEI.

Apply to this program

Frequently Asked Questions about the Capital Acquisition Support Program

Here are answers to the most common questions about the Capital Acquisition Support. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.