Startup Zone Resident Company Program
PE, Canada
Support to start or grow a PEI business
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
Wage Subsidies And Interns
Expert Advice
Other Support
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Startup Zone
grant_single|status
grant_card_status|open
grant_single_labels|preview
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.
grant_single_labels|projects
This grant is intended to support businesses in specific areas as outlined by the involved ecosystem partners. Based on the identified organizations, eligibility may be geographically tied to Prince Edward Island.
- Organizations located in Prince Edward Island.
grant_single|admissibleProjectsExample
$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
grant_single_labels|admissibility
grant_eligibility_criteria|who_can_apply
There are several types of companies eligible for this grant:
- Tech companies
- Wellness companies
- Food companies
- Apparel companies
- Social enterprise companies
grant_eligibility_criteria|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
grant_single_labels|criteria
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.
grant_single_labels|otherInfo
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
New Model for Startup Support in Prince Edward Island
Effective June 4th, Prince Edward Island's startup ecosystem will undergo a significant transformation as the Start Up Zone transitions to a new support model in a fresh location. Entrepreneurs looking for guidance in their startup journey are encouraged to engage with various ecosystem partners available to assist in the development of their business ventures.
Understanding the Transition of Startup Zone and Its Implications
The shift in the startup support landscape in Prince Edward Island signifies a strategic move to enhance the resources and networks available for budding entrepreneurs through the ecosystem's diverse partners. This transition aligns with broader efforts to nurture a dynamic and supportive environment for innovators across the region. The new model aims to centralize resources and create a cohesive support system that leverages the strengths and expertise of multiple partners.Aspiring entrepreneurs and established business owners can access a wide range of services through a collaborative network that includes Innovation PEI, the Atlantic Canada Opportunities Agency, and various Rural Action Centres. Each of these entities brings a wealth of knowledge and support, from funding opportunities and business development advice to skill-building initiatives tailored to distinct sectors.In addition, organizations such as SkillsPEI and the Tribe Network provide targeted assistance focusing on workforce development and inclusivity, ensuring that diverse groups have equitable access to support services. Moreover, the PEI Connectors program and the Prince Edward Island Women's Business Association offer specialized guidance for newcomers and women entrepreneurs, respectively, encouraging full participation and representation within the business community.Food Entrepreneurs and the numerous Chamber of Commerce Business Directories further extend this support by catering to niche markets and providing essential networking opportunities. Together, these partners contribute to a thriving ecosystem where businesses at every stage of their lifecycle can find the tools and mentorship needed to succeed.The Startup Zone's board and staff express gratitude to the community for their collaborative efforts in fostering business growth and development. They emphasize a continued commitment to providing exceptional resources and guidance as they embark on this new phase. Stakeholder feedback has been pivotal in shaping the direction of these evolving support structures, ensuring they meet the current and future needs of the province's entrepreneurs.As this transition unfolds, entrepreneurs are encouraged to explore the myriad opportunities presented by the new model. This includes reaching out directly to the listed partners, each poised to offer unique insights and assistance tailored to specific business objectives. Moreover, interested parties can address any queries by contacting info@startupzone.ca, ensuring they have all necessary information to make informed decisions.Ultimately, this new phase in Prince Edward Island's startup support reflects a forward-thinking approach, aiming to stimulate economic growth and spur innovation across the island. By leveraging collective expertise and resources within the ecosystem, this initiative seeks to lay a strong foundation for sustained entrepreneurial success, thereby contributing to the region's economic vitality and resilience.
