Closed
Innovation PEI Small Business Assistance
Money for small business improvement in PEI
Last Update: March 24, 2026
Funding available
$ 4,000
Timeline
- Closing date : May 17, 2024
Location
Prince Edward Island, Canada
Overview
Get up to $4,000 to cover 50% of the costs of activities that increase productivity and competitiveness for your business, such as internal planning and processes, as well as marketing activities if you are a new business.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Access new markets
Eligible Funding
- Maximum amount : 4,000 $
- Up to 50% of project cost
Timeline
- Closing date : May 17, 2024
Eligible candidates
Eligible Industries
- All industries
Location
- Prince Edward Island
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- 1 employees minimum
Audience
- All groups
Next steps
1
Determine your project
2
Validate your eligibility
Eligibility
Who is eligible?
Given the context provided, the information about the specific evaluation and selection criteria for the grant projects is not available. This implies that without further details, we cannot accurately outline the criteria or the scoring system used by the grant issuers.Who is not eligible
Yes, certain types of companies are not eligible for this grant:
- Businesses with a defaulted outstanding debt obligation on file in the Province’s Central Default Registry.
- Fishers, farmers, and realty companies (including commercial/residential landlords and developers).
- Banks and financial companies, including pawnbrokers, payday loan providers, cheque cashing and white label cash machine operators.
Eligible expenses
Yes, there are eligible expenses for the Small Business Assistance grant.
- Professional fees for a business plan or market research (up to $2,500 in eligible costs).
- Professional fees for projects related to operational efficiencies, internal planning or processes, and quality assurance (up to $5,000 in eligible costs).
- Marketing and promotion costs (up to $5,000 in eligible costs), including signage, ad placement, or creation of advertising, branding, or promotional materials for new businesses.
Additional information
The Small Business Assistance program in Prince Edward Island is designed to support small businesses by enhancing their productivity and competitiveness through the funding of eligible costs related to planning and internal processes. Applicants must be prepared to provide detailed business information, project details, and cost estimates, and they must apply before making any financial or legal commitments.
- Applications are reviewed on a first-come, first-serve basis.
- Not all projects meeting minimum criteria will receive funding; evaluation may include assistance from other government programs and fund availability.
- The purchase of capital equipment is excluded but may be eligible under the Small Business Investment Grant (SBIG).
- The project must provide economic benefits to Prince Edward Island.
- Applicants in default on any existing obligations to Innovation PEI will not have new submissions reviewed until the default is resolved.
- Applicants need to submit detailed descriptions and cost estimates supported by written quotations.
- Business Development Officers can help guide applicants on project suitability and alternative funding programs.
Contacts
Frequently Asked Questions about the Innovation PEI Small Business Assistance Program
Here are answers to the most common questions about the Innovation PEI Small Business 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 Innovation PEI Small Business Assistance?
Get up to $4,000 to cover 50% of the costs of activities that increase productivity and competitiveness for your business, such as internal planning and processes, as well as marketing activities if you are a new business.
How much funding can be received?
Innovation PEI Small Business Assistance Funds up to 50% of admissible expenses, capped at $4,000 per project.
Who is eligible for the Innovation PEI Small Business Assistance program?
To be eligible for the Innovation PEI Small Business Assistance program, you must:
The business must be located in Prince Edward Island.
The business must be considered a small enterprise according to provincial standards.
Who can I contact for more information about the Innovation PEI Small Business 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 Innovation PEI Small Business Assistance available?
The Innovation PEI Small Business Assistance program is available the province of Prince Edward Island.
Is the Innovation PEI Small Business Assistance a grant, loan, or tax credit?
Innovation PEI Small Business Assistance is a Grant and Funding
Who are the financial supporters of the Innovation PEI Small Business Assistance?
Innovation PEI Small Business Assistance is funded by Government of Prince Edward Island (PEI), Innovation PEI
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