Strategic Improvement Assistance
grant_single|update April 1, 2025
Charlottetown, PE
Financial support to improve PEI businesses
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Innovation PEI
- Government of Prince Edward Island
grant_single|status
grant_card_status|open
grant_single_labels|preview
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.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$ 8,000
Develop a robust human resource strategy to enhance team productivity
$ 8,000
Obtain intellectual property advice to protect proprietary software
$ 8,000
Implement a comprehensive food safety and quality management system
$ 8,000
Conduct a workflow study to enhance production planning
$ 8,000
Integrate new IT systems to streamline operations and improve efficiency
$ 8,000
Develop a renewable energy strategy to lower operational costs
grant_single_labels|admissibility
To be eligible for the Strategic Improvement Assistance grant, a business must be located in Prince Edward Island and satisfy specific criteria. Here are the eligibility requirements:
- Registered to conduct business and actively operating on Prince Edward Island
- Manufactures, processes, or develops goods or services primarily for export
- Operates within one of these 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
- Must not have a defaulted outstanding debt obligation on file in the Province’s Central Default Registry
- Resolved any defaults on reporting, project completion, or financial obligations to Innovation PEI
grant_eligibility_criteria|who_can_apply
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)
grant_eligibility_criteria|who_cannot_apply
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
grant_eligibility_criteria|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
grant_single_labels|criteria
Yes, there are evaluation and selection criteria for the Strategic Improvement Assistance grant. Applications are evaluated based on factors such as the program’s objectives, potential for long-term viability, qualifications and financial capacity of the business, among others.
- Objectives of the program
- Potential for long-term viability
- Qualifications and record of the business and senior management
- Evidence the business has the financial capacity to complete the project
- Level of assistance from other government programs offered or available
- Export sales and/or import substitution
- Economic benefit to the province
- Availability of program funds
- Employment creation
grant_single_labels|apply
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grant_single_labels|otherInfo
grant_single_labels|contact
innovation@gov.pe.ca
902-368-6300
Apply to this program
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