Potato Stabilization and Innovation initiative
Last Update: January 24, 2025
PE, Canada
Funding projects in PEI's potato sector
Potato Stabilization and Innovation initiative at a glance
Eligible Funding
- No Condition
Timeline
- Open Date : May 22, 2022
- Closing date : May 22, 2024
Financing Type
Grant and Funding
Eligible Industries
- Agriculture, forestry, fishing and hunting
Grant Providers
- Government of Canada
- Atlantic Canada Opportunities Agency (ACOA)
Status
Open
Overview of the Potato Stabilization and Innovation initiative program
Get financial support to modernize and diversify activities to adapt to changing supply chain conditions in response to the market disruption from the detection of potato warts.
Financing terms and conditions
This grant offers tailored financial support aimed at reinforcing the potato sector in Prince Edward Island. Specific modalities are designed to assist projects in modernizing and diversifying their operations post-market disruptions.
- Investment in automation and technology to boost productivity and competitiveness.
- Funding for improving storage facilities to enhance product quality and lifespan.
- Assistance for modifying packaging to meet changing market preferences.
- Support for developing pest or disease management technologies.
- Incentives for creating value-added products from byproducts or processing waste.
- Grants for accessing new markets or expanding existing ones.
Eligible projects & activities
The Prince Edward Island Potato Stabilization and Innovation Initiative focuses on advancing the potato sector by enhancing productivity, adaptability, and market expansion. It funds projects which integrate technology, improve storage, and add value through innovation.
- Investing in automation and technology that increase a business’ productivity and competitiveness.
- Improving storage to increase product quality and lifespan.
- Modifying packaging, including changing volume of bags and packaging preferences.
- Developing equipment or technology that manages pests or disease.
- Creating value-added products, especially those utilizing byproducts or processing waste.
- Investing in new markets or expanding existing markets.
Examples of admissible projects:
$ 144,000
Creating a new line of potato-based snack products
$ 150,000
Implementing pest management technology to tackle potato wart
$ 96,000
Developing eco-friendly packaging made from potato byproducts
$ 120,000
Automating packaging lines to improve efficiency and reduce waste
$ 200,000
Investing in market expansion to enter the Asian market
$ 160,000
Improving cold storage facilities to extend potato shelf-life
Eligibility criteria of the Potato Stabilization and Innovation initiative program
Eligibility for the Prince Edward Island Potato Stabilization and Innovation Initiative is determined by specific criteria related to the applicant's business and its impact by the market disruptions.
- The applicant must be a table or seed potato grower, or a key supplier to the potato sector operating on Prince Edward Island.
- The applicant must be able to demonstrate impacts resulting from the imposed restrictions on the movement of P.E.I. potatoes.
- Alternatively, the applicant can be a non-profit organization or provincial entity providing support to the P.E.I. potato sector.
Who is eligible?
To be considered for PSII funding, applicants:- must be either a table or seed potato grower, or a key supplier to the potato sector operating on Prince Edward Island, and- must be able to show impacts resulting from the imposed restrictions on the movement of P.E.I. potatoesOR- must be a non-profit organization or provincial entity providing support to the P.E.I. potato sector.
Who is not eligible
According to the Prince Edward Island Potato Stabilization and Innovation Initiative, companies in sectors other than potato production or those not directly involved in the potato supply chain are not eligible for the grant.
- Companies outside the potato sector or supply chain
- Companies not impacted by the restrictions on the movement of P.E.I. potatoes
Eligible expenses
This grant supports projects aimed at modernizing and diversifying Prince Edward Island's potato sector to enhance competitiveness and adapt to market changes. The initiatives focus on technology, storage improvements, and developing new markets.
- Investing in automation and technology to increase productivity and competitiveness.
- Improving storage facilities to enhance product quality and lifespan.
- Modifying packaging to cater to market preferences, such as changing bag volumes.
- Developing equipment or technology for pest or disease management.
- Creating value-added products using byproducts or processing waste.
- Investing in new markets or market expansions.
Eligible geographic areas
This grant is focused on supporting the potato sector within Prince Edward Island. As a result, only entities operating in this specific region are eligible.
- Prince Edward Island, Canada.
Eligibility criteria of the Potato Stabilization and Innovation initiative program
There are evaluation and selection criteria for the Prince Edward Island Potato Stabilization and Innovation Initiative grant. Applicants must demonstrate impacts from restrictions on P.E.I. potatoes and must be either a table or seed potato grower, key supplier, or a non-profit organization supporting the sector.
- Applicants must show impacts resulting from the imposed restrictions on the movement of P.E.I. potatoes.
- Applicants must be either a table or seed potato grower, a key supplier to the sector, or a non-profit organization supporting the P.E.I. potato sector.
How to apply to the Potato Stabilization and Innovation initiative program
1
Initial Contact
- Contact the ACOA PEI & Tourism office to discuss your project idea.
- Engage with a representative who can guide you on the next steps.
2
Complete Application Form
- Obtain the relevant application form from ACOA PEI & Tourism office.
- Fill in all required sections about your project, detailing how it aligns with the funding criteria.
3
Submission
- Submit the completed application form to the ACOA PEI & Tourism office as instructed.
- Ensure all supporting documents are included with your application.
Contact Government of Canada
1-888-576-4444
Apply to this program
Grant and FundingOpen
Charlottetown, Prince Edward Island
Funding to implement innovative technologies in P.E.I. agriculture and agri-food
Grant and FundingOpen
Prince Edward Island, Canada
Money to help agri-businesses in Prince Edward Island grow
Grant and FundingClosed
Prince Edward Island, Canada
Funding for specialized equipment in Prince Edward Island for organic farming
Loans and Capital investmentsOpen
Charlottetown, Prince Edward Island
Micro-loans for PEI entrepreneurs
Grant and FundingClosed
Prince Edward Island, Canada
Funding for agricultural land sustainability in Prince Edward Island
Grant and FundingOpen
Prince Edward Island, Canada
Funding for short-term applied research in Prince Edward Island agriculture
Grant and FundingOpen
Charlottetown, Prince Edward Island
Funding to increase agricultural sustainability in PEI
Grant and FundingOpen
Prince Edward Island, Canada
Money to help agri-businesses in Prince Edward Island grow
Grant and FundingClosed
Charlottetown, Prince Edward Island
Funding for short-term applied research in Prince Edward Island agriculture
Grant and FundingOpen
Prince Edward Island, Canada
Insurance to protect farming operations in Prince Edward Islands