Open
Food Product Development Assistance
Funding for food product and process development
Record updated
- Funding available
- $ 50,000
- Up to 50% of project cost
- Deadline
- Open continuously
- Location
- Prince Edward Island, Canada
Overview
This program provides up to $50,000 per business to support food product and process development in Prince Edward Island. It helps businesses fund commercialization-related activities such as product testing, prototype development, technical assessments, and training.
At a glance
Funding available
- Maximum funding
- $50,000
- Maximum share of project costs
- 50%
- Develop a new product or service
- Conduct research and development activities
- Optimize production processes
- Develop workforce skills
- Conduct research or evaluation activities
Eligible candidates
- Location
- Prince Edward Island
- Eligible Industries
- All industries
- Annual revenue
- All revenue ranges
- Organisation size
- All organization sizes
- Audience
- Rural or Northern Residents
- Startups
- Legal structures
- For-profit business
Start applying for this program
Take a practical assessment to gain a clear understanding of how well this program aligns with your specific needs and long-term goals.
Availability timeline
2026
Periods: 1
Eligibility
Who is eligible?
- Prince Edward Island businesses
- Food development businesses
- Food manufacturing businesses
- Food processing businesses
Who is not eligible
- Businesses not located in Prince Edward Island
- Businesses not registered and actively operating in Prince Edward Island
- Businesses with a defaulted outstanding debt obligation in the Province’s Central Default Registry
Eligible expenses
- Professional and technical assistance for food product or process development
- Test-market production and facility rental for production runs
- Technical assessments, shelf-life and food safety testing, and sensory analysis
- Supplier sourcing, workshops, and technical training for plant personnel
Eligible geographic areas
- Prince Edward Island
Activities funded
- New food product and prototype development
- Technical feasibility and new process development
- Test-market production and production runs
- Processing line and packaging equipment assessments
- Shelf-life, food safety, and sensory testing
How to apply
- Step 1: Consult with an Innovation PEI Business Development Officer
- Discuss the suitability of your project
- Get guidance on the application process
- Step 2: Prepare the application package
- Gather business information and supporting documents
- Prepare project details, cost estimates, and funding sources
- Step 3: Submit the application
- Send the application to Innovation PEI
- Submit before any financial or legal commitment is made
- Step 4: Review and approval decision
- Wait for review under the program’s assessment process
- If approved, accept the letter of offer
Documents Needed
- Business history and description
- Financial statements for the previous two years
- Business plan for new businesses
- Project description and cost estimates with written quotations
- Source of funds and shareholder/management list
Selection criteria
- First-come, first-served review of complete applications
- Availability of program funds
- Long-term viability and economic benefit to Prince Edward Island
- Manager qualifications and track record
- Export sales, job creation, and environmental impact
Processing and Agreement
- Complete applications are reviewed on a first-come, first-served basis
- Funding is not guaranteed, even if minimum criteria are met
- Approved applicants must accept a letter of offer before funding is finalized
- The letter of offer becomes the contract once accepted
Additional information
- Consulting with an Innovation PEI Business Development Officer is encouraged before applying.
- Applications must be submitted before any financial or legal commitment is made on the project.
- A letter of offer must be accepted if the application is approved.
Contacts
Official sources
Frequently Asked Questions about the Food Product Development Assistance Program
What is the Food Product Development Assistance?
This program provides up to $50,000 per business to support food product and process development in Prince Edward Island. It helps businesses fund commercialization-related activities such as product testing, prototype development, technical assessments, and training.
How much funding can be received?
Food Product Development Assistance Funds up to 50% of admissible expenses, capped at $50,000 per project.
What is the deadline to apply?
The program is accepting continuous intake
Who is eligible for the Food Product Development Assistance program?
To be eligible for the Food Product Development Assistance program, you must:
Located in Prince Edward Island
Registered and actively operating
Food development, manufacturing, or processing business
What expenses are eligible under Food Product Development Assistance?
Professional and technical assistance for food product or process development
Test-market production and facility rental for production runs
Technical assessments, shelf-life and food safety testing, and sensory analysis
Supplier sourcing, workshops, and technical training for plant personnel
Who can I contact for more information about the Food Product Development Assistance?
You can contact Government of Prince Edward Island (PEI) by email at innovation@gov.pe.ca or by phone at 902-368-6300.
Where is the Food Product Development Assistance available?
The Food Product Development Assistance program is available the province of Prince Edward Island.