Open
Food Product Development Assistance
Funding for food product and process development
Last Update: April 6, 2026
Funding available
$ 50,000
Timeline
- Open continuously
Location
Charlo, Charlottetown, 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.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Develop a new product or service
- Conduct research and development activities
- Optimize production processes
Eligible Funding
- Maximum amount : 50,000 $
- Up to 50% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Manufacturing
- Wholesale trade
- Retail trade
- Accommodation and food services
Location
- Charlo, Charlottetown
- Prince Edward Island
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Rural or Northern Residents
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
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
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
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
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
Frequently Asked Questions about the Food Product Development Assistance Program
Here are answers to the most common questions about the Food Product Development Assistance. 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.
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.
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?
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
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.
Is the Food Product Development Assistance a grant, loan, or tax credit?
Food Product Development Assistance is a Grant and Funding