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Innovation Canada — Innovation Advisors in PEI - PE - Canada

Innovation Canada — Innovation Advisors in PEI

Last Update: April 10, 2025
PE, Canada
Personalized advisory services for innovators in Prince Edward Island

Innovation Canada — Innovation Advisors in PEI at a glance

Eligible Funding
  • No Condition
Timeline
  • Open Date : July 9, 2024
Financing Type
Expert Advice
Eligible Industries
  • All industries
Grant Providers
  • Innovation, Science and Economic Development Canada (ISED)
  • Government of Canada
  • Innovation Canada
Status
Open

Overview of the Innovation Canada — Innovation Advisors in PEI program

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

Eligible projects & activities

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.
Examples of admissible projects:

$ 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

Eligibility criteria of the Innovation Canada — Innovation Advisors in PEI program

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.

Who is eligible?

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.

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.

Eligible geographic areas

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

Eligibility criteria of the Innovation Canada — Innovation Advisors in PEI program

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

How to apply to the Innovation Canada — Innovation Advisors in PEI program

1
Get in touch
  • Call 1-833-201-4358 to discuss your eligibility with an innovation advisor.
  • You can also send your contact information to be reached out to.

Additional information

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.

Contact Innovation, Science and Economic Development Canada (ISED)

1-833-201-4358

Apply to this program

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