Innovation Canada — Innovation Advisors in PEI
PE, Canada
Personalized advisory services for innovators in Prince Edward Island
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateJuly 09, 2024
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Expert Advice
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Innovation, Science and Economic Development Canada (ISED)
- Innovation Canada
- Government of Canada
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grant_card_status|open
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If you're developing a new product, technology or process, an Innovation Advisor can provide you with free, one-on-one assistance to help you find the government supports that are right for your business.
Our advisors a
grant_single_labels|projects
If your business is ready to grow or scale, you can connect with an Innovation Advisor for support. The eligible projects revolve around leveraging innovation and accessing comprehensive government resources.
- Connection with Innovation Advisors to leverage extensive networks and expertise in scaling businesses.
- Access to a variety of government programs and services tailored to business growth, including financing and technical advice.
- Development and execution of new products, services, or processes with expert guidance.
- Strategic planning to access foreign market expertise and implement go-to-market strategies.
- Utilization of government resources to foster innovation and create competitive advantages.
grant_single|admissibleProjectsExample
$ 150,000
Developing a mobile app to support mental health in remote areas of Winnipeg
$ 400,000
Establishing a tech incubator to support startups
$ 300,000
Developing a renewable energy solution for residential homes
$ 225,000
Implementing a cloud-based inventory management system for small businesses
$ 400,000
Creating a sustainable packaging solution for organic food companies
grant_single_labels|admissibility
Eligibility for connecting with an Innovation Advisor involves certain conditions related to the business's structure and objectives.
- The applicant must be an incorporated business.
- The business should be ready to grow or scale.
- There should be an intention to create a new product, service, or process, or seek business advice.
grant_eligibility_criteria|who_can_apply
This service is aimed at Canadian businesses that are incorporated and are looking to grow or scale by creating new products, services, or processes. The program offers the opportunity to connect with Innovation Advisors who have extensive business experience.
- Businesses must be incorporated in Canada.
- Must be ready to grow or scale their operations.
- Seeking to create new products, services, or processes.
- Open to receiving advice on leveraging government programs and services for business growth.
grant_eligibility_criteria|eligible_expenses
The grant connects businesses with Innovation Advisors who assist in leveraging government programs and services to support growth and innovation. Eligible activities focus on connecting businesses to expertise and resources necessary for development and scaling.
- Accessing financing and technical advice.
- Receiving guidance on business development and market strategy.
- Connecting with foreign market expertise and support for international expansion.
- Utilizing government programs for financial and strategic growth.
- Getting advice on product development and commercialization.
- Receiving mentorship and support from experienced entrepreneurs.
grant_eligibility_criteria|zone
This grant is available to businesses in specific regions as designated by different Innovation Advisors across various Canadian provinces and territories. Assistance is offered to align with local economic development initiatives and to support innovation-driven growth.
- Pacific and Yukon: Victoria, BC and Vancouver, BC
- Prairies and Northwest Territories: Edmonton, AB, Winnipeg, MB, and Calgary, AB
- Ontario: Toronto, ON and Ottawa, ON
- Quebec and Nunavut: Quebec City, QC and Montreal, QC
- Atlantic: Charlottetown, P.E.I., St. John's, NL, and Moncton, NB
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. The grant is evaluated based on the following criteria:
- Business viability and potential for growth
- Innovation and uniqueness of the product/service/process
- Alignment with program objectives and government priorities
- Demonstrated need for funding and ability to leverage government support
- Creative and scalable business model
grant_single_labels|otherInfo
Other than eligibility, a grant applicant may also consider the following when dealing with Innovation Advisors in Canada:
- Innovation Advisors are experienced entrepreneurs and private-sector professionals, providing a personalized approach to support businesses.
- The service aims to leverage government programs and services for business growth and innovation, tailored to specific industries and regions in Canada.
- Advisors come from diverse backgrounds, offering expertise in areas like digital marketing, financial modeling, business development strategy, international marketing, product competitiveness, and innovation management.
- They can provide strategic advice, facilitate introductions, and assist in navigating complex government processes.
- Access to the service can broaden business networks, develop strategic partnerships, and enhance the ability to participate in government programs effectively.
grant_single_labels|contact
1-833-201-4358
Apply to this program
Meet the Experts: Innovation Advisors
Innovation Advisors offer invaluable support and guidance to Canadian businesses seeking growth and development. With extensive entrepreneurial and industry experience, they provide advice on navigating government programs and leveraging resources for business success.
Exploring the Role and Impact of Innovation Advisors on Canadian Businesses
Innovation Advisors play a crucial role in the Canadian economic landscape by assisting businesses in unlocking their growth potential. These advisors are seasoned professionals from diverse sectors, including finance, marketing, technology, and entrepreneurship, bringing a wealth of knowledge and insight to their roles. They serve as strategic partners for businesses aiming to innovate, expand, and compete in global markets.
One of the primary functions of Innovation Advisors is to demystify the complex network of government programs available to Canadian enterprises. With their deep understanding and extensive networks, they help businesses identify and access the right resources, be it financial support, technical expertise, or market entry strategies. This tailored guidance is particularly beneficial for small and medium-sized enterprises (SMEs), which often face barriers in leveraging these opportunities due to limited resources and knowledge.
The advisors' industry-specific expertise is another significant advantage. For instance, an advisor with a background in digital marketing or finance can offer targeted advice to a business looking to boost its online presence or optimize its financial strategy. This specialized knowledge means businesses can make more informed decisions and increase their chances of successful outcomes. The advisors also assist in strategic planning by identifying growth opportunities and advising on operational efficiencies and sustainability practices.
In addition to strategic advice, Innovation Advisors serve as connectors, introducing businesses to potential partners, investors, and collaborators. Their extensive networks within both the public and private sectors enable them to facilitate partnerships that drive innovation and economic development. By fostering these connections, they help businesses open new market avenues and collaborate on transformative projects that align with national and global economic goals.
The impact of Innovation Advisors extends beyond individual businesses. By helping companies grow, innovate, and create jobs, they contribute to broader economic growth and competitiveness. Their efforts are aligned with national goals to drive innovation across key sectors, enhance productivity, and build a resilient economic future for Canada. This alignment ensures that innovation is not confined to technology hubs but is distributed across regions, benefiting diverse industries and communities.
Furthermore, Innovation Advisors are committed to inclusivity and diversity. They actively support programs and initiatives that promote the participation of underrepresented groups in innovation ecosystems, thereby driving equitable growth and development. This commitment ensures that all Canadian businesses, regardless of size or background, can access opportunities to innovate and thrive.
In summary, Innovation Advisors are catalyst figures in Canada's innovation ecosystem. By providing expert guidance, fostering partnerships, and facilitating access to resources, they empower businesses to overcome challenges and seize opportunities. Their work not only supports individual business success but also bolsters Canada's position as a global leader in innovation and sustainable development.
