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.

Activities funded

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

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.

Selection criteria

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

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.

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.

Submission

Submit the completed application form to the ACOA PEI & Tourism office as instructed.
Ensure all supporting documents are included with your application.

Contacts

1-888-576-4444

PE, Canada

Apply to this program

Frequently Asked Questions about the Potato Stabilization and Innovation initiative Program

Here are answers to the most common questions about the Potato Stabilization and Innovation initiative. 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 Potato Stabilization and Innovation initiative?

How much funding can be received?

What expenses are eligible under Potato Stabilization and Innovation initiative?

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.

What is the deadline to apply?

Is the Potato Stabilization and Innovation initiative a grant, loan, or tax credit?

Who are the financial supporters of the Potato Stabilization and Innovation initiative?

Who is eligible for the Potato Stabilization and Innovation initiative program?

To be eligible for the Potato Stabilization and Innovation initiative program, you must: The applicant must be either 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 show impacts resulting from the imposed restrictions on the movement of P.E.I. potatoes, or be a non-profit organization or provincial entity providing support to the P.E.I. potato sector.