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Capital Acquisition Support
Financial help for Prince Edward Island businesses
Last Update: October 27, 2025
Funding available
$ 25,000
Timeline
- Open continuously
Location
Prince Edward Island, Canada
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.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Optimize production processes
- Start a business
- Renovate or expand facilities
Eligible Funding
- Maximum amount : 25,000 $
- Up to 25% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Manufacturing
- Information and cultural industries
- Arts, entertainment and recreation
Location
- Prince Edward Island
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Eligibility
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
Here are the steps to submit an application for this grant:
- Step 1: Preliminary Consultation
- Contact an Innovation PEI Business Development Officer for guidance.
- Discuss the project's suitability for the Capital Acquisition Assistance program.
- Step 2: 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.
- Step 3: 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.
Frequently Asked Questions about the Capital Acquisition Support Program
What is the Capital Acquisition Support?
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.
How much funding can be received?
Capital Acquisition Support Funds up to 25% of admissible expenses, capped at $25,000 per project.
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.
Who can I contact for more information about the Capital Acquisition Support?
You can contact Government of Prince Edward Island (PEI).
Where is the Capital Acquisition Support available?
The Capital Acquisition Support program is available the province of Prince Edward Island.
Is the Capital Acquisition Support a grant, loan, or tax credit?
Capital Acquisition Support is a Grant and Funding
Who are the financial supporters of the Capital Acquisition Support?
Capital Acquisition Support is funded by Government of Prince Edward Island (PEI), Innovation PEI (PEI)