grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|noCondition
grant_single|deadlines
  • grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
Expert Advice
grant_single|eligibleIndustries
  • Manufacturing
  • Retail trade
  • Information and cultural industries
  • Accommodation and food services
grant_single|grantors
  • Government of Prince Edward Island
  • Skills PEI
grant_single|status
grant_card_status|open

grant_single_labels|preview

Job seekers who want to launch their own businesses may apply to receive a weekly allowance or employment insurance (EI) benefits, or combination of both.

grant_single_labels|terms_and_conditions

This grant provides financial support to new entrepreneurs to aid them during their first year of business operation. The financing modalities are designed to ensure the entrepreneur receives necessary financial assistance and guidance.
  • Weekly living allowance or combination of Employment Insurance (EI) benefits during the first year in business.
  • Potential eligibility for a $1,000 consulting grant.

grant_single_labels|projects

The eligible projects for the Self Employ PEI grant focus on assisting new entrepreneurs in Prince Edward Island establish businesses that showcase long-term viability across various sectors. These projects can vary widely, as long as they demonstrate potential for sustainable operations.
  • Manufacturing businesses providing goods and services.
  • Food and beverage industry initiatives.
  • Information technology businesses, including software development and IT services.
  • Trades businesses such as construction or electrical services.
  • Retail businesses delivering unique products to the market.
grant_single|admissibleProjectsExample

$ 75,000

Starting a social enterprise repurposing electronic waste into educational kits

$ 70,000

Establishing a sustainable bakery specializing in organic breads and pastries

$ 85,000

Establishing a microbrewery focused on local, organic ingredients

$ 60,000

Creating a repair and refurbish service for electronics, focusing on smartphones

$ 110,000

Launching a mobile app development company focusing on health and wellness

$ 80,000

Opening a cooperative retail store selling locally crafted goods

grant_single_labels|admissibility

Eligibility for this grant is determined by specific requirements related to the applicant's employment status and history with Employment Insurance.
  • You must be unemployed and seeking full-time employment.
  • You must be legally authorized to work in Canada as a Canadian citizen or permanent resident.
  • You must either have a current claim for Employment Insurance benefits or have had an EI claim whose benefit period ended within the previous 60 months.
  • An unemployed person who paid, in at least 5 of the last 10 years, employee's premiums that did not entitle them for a refund is eligible (meaning if the person made less than $2000 in earnings in a year, any EI premiums that they would have paid would be reimbursed).
  • You must not have started the operation of your new business prior to program approval.

grant_eligibility_criteria|who_can_apply

Individuals eligible for the Self Employ PEI program must be unemployed and seeking full-time employment. They need to be legally able to work in Canada, specifically as Canadian citizens or permanent residents. Applicants must have a current Employment Insurance (EI) claim, a previous claim that ended within the last 60 months, or must have paid EI premiums for at least 5 out of the last 10 years without being refunded for those payments. It's crucial that applicants have not commenced their business activities before receiving program approval.

grant_eligibility_criteria|who_cannot_apply

Some types of companies may not be eligible for this grant due to specific criteria. Eligibility restrictions may include:
  • Financial institutions
  • Gambling establishments
  • Non-profit organizations

grant_eligibility_criteria|eligible_expenses

The Self Employ PEI program supports a wide range of business types that demonstrate potential for long-term viability. Eligible activities encompass a variety of industry sectors and are tailored to new business ventures.
  • Manufacturing
  • Food and beverage
  • Information technology
  • Trades
  • Retail

grant_eligibility_criteria|zone

This program is geographically focused on Prince Edward Island, as evidenced by the contact details and offices located across the island.
  • Charlottetown
  • Summerside
  • Montague
  • West Prince (Woodstock)

grant_single_labels|criteria

There are evaluation and selection criteria for this grant.
  • Evaluation Criteria 1: Innovation and Impact
  • Evaluation Criteria 2: Project Feasibility
  • Evaluation Criteria 3: Organizational Capacity
  • Selection Criteria 1: Alignment with Grant Objectives
  • Selection Criteria 2: Clear and Realistic Budget

grant_single_labels|apply

1

2

3

4

5

grant_single_labels|otherInfo

Here are additional relevant details for this grant:
  • Attendance at an information session is mandatory before submitting an application.
  • The program offers a $1,000 consulting grant option.
  • Weekly living allowances or EI benefits are provided while the business is operational in the first year.
  • The program accepts applications on an ongoing basis without a set deadline.
  • SkillsPEI offers business counseling to new entrepreneurs during their first year of operation.

grant_single_labels|contact

902-368-6290

Apply to this program

More grants like this

Entrepreneur Loan Program -
Loans and Capital investmentsgrant_card_status|open
Loan for PEI entrepreneurs
Rental Cost Assistance -
Grant and Fundinggrant_card_status|open
Contribution to cover Prince Edward Island (PEI) business rental costs
Theatrical documentary program  — Indigenous stream -
Grant and Fundinggrant_card_status|closed
Funding for Indigenous-owned documentary projects
Export Trade Assistance -
Grant and Fundinggrant_card_status|open
Funding to explore new global opportunities in PEI
E-tools for Exporting -
Grant and Fundinggrant_card_status|open
Money to help Atlantic Canada businesses export
Capital Acquisition Support -
Grant and Fundinggrant_card_status|open
Financial help for Prince Edward Island businesses
Advanced Marine Technology Tax Rebate -
Tax Creditsgrant_card_status|open
Tax credit for marine technology companies
Prince Edward Island Rural Action Centres — Business Guidance -
Expert Advicegrant_card_status|closed
Business counselling for rural Prince Edward Island entrepreneurs
Future Fisher Program -
Grant and Fundinggrant_card_status|open
Support for new entrants to the lobster fishery in Prince Edward Island
Small Business Assistance -
Loans and Capital investmentsgrant_card_status|open
Loan for Prince Edward Island (PEI) businesses to acquire, expand, manage debt or build retail malls