Strategic Industry Growth Initiative
PE, Canada
Funding for Prince Edward Island to commercialize new food products
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|closingDateMay 17, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Manufacturing
grant_single|grantors
- Department of Agriculture
- Government of Prince Edward Island
- Sustainable Canadian Agricultural Partnership (SCAP)
grant_single|status
grant_card_status|closed
grant_single_labels|preview
Funding to cover up to 85% of the costs of projects that accelerate the development and successful commercialization of food products.
grant_single_labels|projects
This grant is restricted to entities within Prince Edward Island, aligning with the initiative's focus on regional agricultural development. The eligibility emphasizes local collaboration to foster a competitive agri-food sector.
- Prince Edward Island
grant_single|admissibleProjectsExample
$14,450
Montreal
Recruit and train staff for expanding agriculture startup 'UrbanFarms Ltd'
$12,750
Calgary
Launch a vegetable subscription service including delivery feasibility study
$15,300
Halifax
Create sustainable fish farming techniques and business plan
$12,750
Ottawa
Conduct market research to expand 'NutriBeverage' product line internationally
$12,750
Vancouver
Develop a new organic food line and effective marketing strategies
$15,300
Toronto
Upgrade machinery to commercialize new food technologies for 'HealthySnack Inc'
grant_single_labels|admissibility
Eligibility for this grant is determined by specific criteria related to the type of organization and the capacity to deliver project outcomes.
- Mi’kmaq First Nations and other Indigenous groups.
- Agri-businesses.
- Agri-processors.
- Agriculture industry organizations, clubs, and associations.
- Public, private, and academic research bodies.
- Entities collectively representing all agricultural sectors with the necessary expertise to deliver project outcomes.
- Others may be considered upon request.
grant_eligibility_criteria|who_can_apply
To apply for SIGI funding, eligible recipients include Mi'kmaq First Nations and other Indigenous groups, agri-businesses, agri-processors, agriculture industry organizations, clubs and associations, public, private, and academic research bodies, entities representing all agricultural sectors, and other potential applicants upon request. It is important to consult the Strategic Industry Growth Initiative (SIGI) Guidelines for a detailed understanding of eligibility.
grant_eligibility_criteria|who_cannot_apply
While the grant program has outlined several eligible activities and recipient types, there are specific activities and sectors that are not eligible for funding. These restrictions are in place to ensure the funds support strategic initiatives in line with program objectives.
- Activities related to aquaponic food production, or to aquaculture, seaweed, fish and seafood production and processing (except for international marketing and traceability activities for fish and seafood).
- Activities which provide tax credits or rebates.
- Development and enforcement of regulations.
grant_eligibility_criteria|eligible_expenses
This grant supports the development and commercialization of food products within Prince Edward Island's agriculture sector. The eligible activities aim to enhance competitiveness, productivity, and workforce retention through strategic initiatives.
- Development and implementation of industry or sector strategies.
- Conducting research and feasibility studies related to product delivery.
- Consulting or business coaching on applied market research and value-chain development.
- Providing access to capital and support services for new and/or expanding business ventures.
- Supporting activities to identify commercialized products, technologies, practices or processes for adoption by the sector.
- Facilitating businesses to commercialize and adopt new products, technologies, practices, or processes.
- Projects aimed at recruitment and retention of labour in the agriculture sector.
grant_eligibility_criteria|zone
The grant supports a variety of expenses directly associated with enhancing the agriculture sector's competitiveness and innovation.
- Development and implementation of industry/sector strategies.
- Research and feasibility studies related to delivery of products.
- Consulting or business coaching on applied market research and value-chain development.
- Access to capital and support services for new and/or expanding business ventures.
- Support for activities to identify commercialized products, technologies, practices or processes for widespread adoption by the sector.
- Support for businesses to commercialize and adopt new products, technologies, practices or processes.
- Projects which will result in recruitment and retention of labour in the agriculture sector.
grant_single_labels|criteria
The evaluation and selection of projects for the SIGI grant are determined by the program's merit and impact on the agriculture sector in Prince Edward Island, though specific point scoring criteria are not provided in the provided documentation.
- Merit and impact of the project proposal on industry competitiveness and productivity.
- Alignment with SIGI's strategic goals, including market and innovation-based opportunities.
- Potential for broad sector and industry benefits.
- Facilitation of value-chain development and strategic relationships.
- Contribution to recruitment and retention of labour in the agriculture sector.
- Consideration for projects that increase public trust and offer regional collaboration benefits.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Review Program Guidelines
- Visit the official SIGI program page to access the guidelines.
- Ensure you meet all eligibility criteria.
- Understand the funding limits and eligible activities/expenses.
- Step 2: Prepare Application Materials
- Complete the application form, including all mandatory fields.
- Gather business or organization information, including CRA registration number.
- If applicable, compile partnership details and additional sources of project funding.
- Develop a project proposal with sections such as cover page, executive summary, objectives, timeline, results, sustainable CAP outcome, climate change consideration, budget, evaluation, and communication of support if applicable.
- Step 3: Complete the Application Form
- Provide applicant contact details and business type information.
- Select the appropriate recipient and industry type.
- Include signature for declaration and consent to personal information.
- Step 4: Submit Application
- Email the completed application and project proposal to: SIGI@gov.pe.ca with "Strategic Industry Growth Initiative Application" as the subject line.
- Alternatively, mail the application to the PEI Department of Agriculture, 11 Kent Street, PO Box 2000, Charlottetown PE C1A 7N8.
- Step 5: Confirmation of Submission
- Wait for confirmation of receipt from the PEI Department of Agriculture.
- Ensure you receive an application number for future reference.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Funding is available up to 85% of eligible expenses for approved projects.
- Consultant costs for projects are eligible up to a maximum of $20,000 per project.
- Projects that demonstrate links to increasing public trust may be eligible for additional funding.
- Regional collaboration in projects that benefit more than one Atlantic province might qualify for regional funding.
grant_single_labels|contact
SIGI@gov.pe.ca
(902)368-4880
Apply to this program
Empowering Agriculture Innovation in Prince Edward Island
The Strategic Industry Growth Initiative aims to bolster the agricultural sector in Prince Edward Island by fostering innovation, competitiveness, and productivity. This funding program provides vital support for transformative projects that drive the commercialization of food products and strengthen strategic collaborations within the industry.
Detailed Insights into the Strategic Industry Growth Initiative (SIGI) Grant
The Strategic Industry Growth Initiative (SIGI) is a targeted effort to energize the agricultural landscape of Prince Edward Island by supporting projects that introduce innovative food products and agricultural processes, reinforcing the island's economic vitality and sustainability. Focusing on enhancing competitiveness and profitability, SIGI offers financial backing for ventures that amplify market opportunities, streamline value-chain development, and nurture strategic industry partnerships.
Eligible recipients include diverse players within the agri-food sphere, from Mi’kmaq First Nations and Indigenous groups to agri-business enterprises and research bodies. The program encourages the development of industry strategies, feasibility studies, and activities that lead to the commercialization of innovative products and practices. This strategic funding opportunity aligns with a broader vision of cultivating sustainable agriculture by providing up to 85% coverage of eligible expenses, prioritizing projects that yield widespread industry benefits.
SIGI emphasizes sustainability and sector-wide impacts, making it a fitting avenue for initiatives that contribute to labor retention within the agriculture sector or harness emerging technologies for broader application. Financial aid through the program extends to consulting services, access to capital for startups or expansions, and activities that identify and deploy scalable technologies or processes.
Participation involves a structured application process, necessitating comprehensive project proposals that include objectives, timelines, and expected outcomes. Successful applicants must also maintain transparent records of expenditures and submit detailed reports on project achievements. Given its competitive nature and first-come, first-served funding dispersal, early application submission is advantageous.
Notably, SIGI is committed to inclusivity and regional collaboration, potentially offering greater funding opportunities for projects demonstrating cross-provincial benefits or those enhancing public trust through sustainable CAP linkages. By fostering an environment conducive to agricultural innovation, SIGI positions Prince Edward Island as a proactive leader in agricultural advancement.
The strategic support from SIGI not only aids the commercialization of new agricultural products but also contributes to societal goals such as climate change mitigation and carbon sequestration, aligning with Canada's broader environmental commitments. Moreover, the grant serves as a critical channel for underrepresented groups, including Indigenous communities, to actively participate and benefit from agricultural innovations.
Through the Strategic Industry Growth Initiative, stakeholders in Prince Edward Island's agricultural sector can access vital resources to advance their contributions to the industry, ensuring a resilient, innovative, and competitive future for agriculture on the island and beyond.
