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Startup Zone Resident Company Program - PE - Canada

Startup Zone Resident Company Program

Last Update: March 21, 2025
PE, Canada
Support to start or grow a PEI business

Startup Zone Resident Company Program at a glance

Eligible Funding
  • No Condition
Timeline
  • Continuous Intakes
Financing Type
Other Support
Expert Advice
Loans and Capital investments
Wage Subsidies And Interns
Eligible Industries
  • All industries
Grant Providers
  • Startup Zone
Status
Open

Overview of the Startup Zone Resident Company Program program

If you’re looking to accelerate your business, you could get access to a community workspace, professional advice, and networking events through a 6-month residency program in a PEI accelerator.

Eligible projects & activities

Examples of admissible projects:

$ 45,000

Expand a wellness center to include mental health services and therapies

$ 45,000

Establish a wellness service providing holistic health programs

$ 40,000

Launch a startup apparel line focusing on sustainable fashion

$ 50,000

Develop a new AI-driven financial analytics software for small businesses

$ 50,000

Develop a tech-driven platform to streamline supply chains for local businesses

$ 40,000

Create a new organic snack brand emphasizing local ingredients

Eligibility criteria of the Startup Zone Resident Company Program program

Who is eligible?

There are several types of companies eligible for this grant:
  • Tech companies
  • Wellness companies
  • Food companies
  • Apparel companies
  • Social enterprise companies

Eligible expenses

Eligible expenses for this grant include:
  • Office space and supplies
  • Telecommunications
  • Legal support
  • Accounting support
  • Growth coaching
  • Market intelligence services
  • Financial support including investment support, government programs, loan options, and wage subsidies
  • Expert support in various areas such as strategy, sales and marketing, product and IT, and human resources

Eligible geographic areas

This grant is intended to support startups in specific locations as outlined by the associated ecosystem partners. The eligible areas are aligned with regional development initiatives facilitated by these partners.
  • Innovation PEI - Companies in Prince Edward Island (PEI).
  • Atlantic Canada Opportunities Agency (ACOA) - Businesses in the Atlantic Canada region.
  • Entities supported by Rural Action Centres - Predominantly rural businesses in PEI.
  • SkillsPEI - Projects based in Prince Edward Island.
  • Businesses involved with PEI Connectors - Companies in PEI.
  • Prince Edward Island Women's Business Association - Female-led businesses in PEI.

Eligibility criteria of the Startup Zone Resident Company Program program

There are evaluation and selection criteria for this grant.
  • Demonstrated high growth potential in the tech, wellness, food, apparel, or social enterprise sectors.
  • Ability to contribute positively to the Startup Zone community.

How to apply to the Startup Zone Resident Company Program program

1
Fill out the online application form
Prepare the required documents (business plan, financial statement, etc.)
2
Submit the complete application within the deadline
Wait for confirmation of receipt
3
Participate in any assessment or interview required by the selection committee
Wait for the final decision regarding the grant allocation

Additional information

Here are additional relevant details for the transition in startup support:
  • Startups will be transitioning to support from a new model at a new location.
  • The listed ecosystem partners are available to offer various business support services.
  • The Startup Zone community's role in supporting company growth and start-up has been acknowledged.
  • For further queries or clarifications, applicants are encouraged to email info@startupzone.ca.

Apply to this program

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