Strategic Improvement Assistance
- Open continuously
Overview
Get up to $20,000 to cover a maximum of 40% of the costs of up to 2 projects designed to make your business more productive, profitable and competitive.
At a glance
Funding available
- Increase performance through digital transformation
- Improve governance or administrative structure
- Attract or retain talent
- Maximum amount : 20,000 $
- Up to 40% of project cost
- Open continuously
Eligible candidates
- All industries
- Charlottetown
- Prince Edward Island
- All legal structures
- All revenue ranges
- All organization sizes
- All groups
Next Steps
Eligibility
Who is eligible?
Yes, there are eligible types of companies for the Strategic Improvement Assistance grant in Prince Edward Island. Eligible businesses must be located in PEI, registered, actively operating, and primarily focusing on export in specific strategic sectors.
- Bioscience
- Aerospace and Defence
- Advanced Manufacturing and Processing
- Renewable Energy and Clean Technology
- Information and Communications Technology
- Creative and Cultural Industries
- First-of-its-kind exportable goods or services in other sectors (may be considered)
Who is not eligible
Companies that are in default of outstanding debt obligations on file in the Province’s Central Default Registry and those in default on any reporting, project completion, or financial obligations to Innovation PEI are not eligible for this grant.
- Businesses with defaulted outstanding debt obligations in the Province’s Central Default Registry
- Businesses in default on any reporting, project completion, or financial obligations to Innovation PEI
Eligible expenses
Funding may be available for eligible costs related to assessment, planning, design, or implementation of projects aimed at improving operational efficiencies, internal planning, processes, or quality assurance. Primarily, costs to engage outside professional expertise are considered, along with other directly related eligible activity costs.
- Strategies to improve productivity, quality, food safety, or environmental management
- Plans for integrating effective tools for communications, transactions, operations, and management
- Human resource strategies
- Workflow study, production planning, and logistics planning initiatives
- Assessment and development of renewable/clean energy integration strategies
- Intellectual property advice, planning, and strategy