Updated October 2026 · Verified against Innovation PEI guidelines
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Innovation PEI Strategic Improvement Assistance

Innovation PEI
Maximum Funding
Up to 40% of eligible costs to a maximum of $20,000 per...
Ongoing
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Difficulty
Easy
Payment
Reimbursement
Trend
Stable
First-Timers
Friendly ✓
Co-Funding
40%
Innovation PEI Strategic Improvement Assistance provides Up to 40% of eligible costs to a maximum of $20,000 per approved project. Up to two applications per business within twelve months, totalling a maximum of $20,000. Combined non-repayable government funding cannot exceed 75% of eligible costs. Innovation PEI pays up to 40% of the cost of outside professional expertise, to a maximum of $20,000, for Prince Edward Island export businesses in strategic sectors working on operational efficiency, internal planning or processes, and quality assurance. The program covers up to 40% of eligible costs. Applications are accepted on an ongoing basis.
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Eligibility & Details

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Program Description

Innovation PEI pays up to 40% of the cost of outside professional expertise, to a maximum of $20,000, for Prince Edward Island export businesses in strategic sectors working on operational efficiency, internal planning or processes, and quality assurance. Examples include supply chain alternatives, productivity, food safety or environmental strategies, IT and systems integration plans, HR strategies, workflow and logistics studies, clean energy integration, and intellectual property strategy. Capital equipment is excluded.

Eligibility Requirements

  • Business located in, registered to conduct business in, and actively operating in Prince Edward Island
  • Must manufacture, process or develop goods or services primarily for export
  • Must operate in a strategic sector: bioscience; aerospace and defence; advanced manufacturing and processing; renewable energy and clean technology; information and communications technology; or creative and cultural industries
  • First-of-its-kind exportable goods or services in other sectors may be considered
  • Not eligible with a defaulted debt on file in the Province's Central Default Registry
  • Applicants in default on any reporting, project completion or financial obligation to Innovation PEI are not reviewed until the default is resolved
  • Application must be submitted before any financial or legal commitment is made on the project
Provinces
Industries
Aerospace Manufacturing Life Sciences Biotechnology Creative Industries Technology +4 more
Business Stage
Startup Growth Established Expansion

Quick Assessment

Difficulty
Easy
Competition
Moderate
First-Timer
Friendly

Funding Details

Amount
Up to 40% of eligible costs to a maximum of $20,000 per approved project. Up to two applications per business within twelve months, totalling a maximum of $20,000. Combined non-repayable government funding cannot exceed 75% of eligible costs.
Type
Grant
Level
Provincial
Co-Funding
Up to 40% of eligible costs
Deadline
Ongoing

Program Scorecard

Competition, effort, and approval at a glance

Competition
Moderate
Deadline
Ongoing
Approval
Varies
Accessibility
3/5

Moderate — standard application process

Competition
3/5

Moderate competition — prepare a strong application

Difficulty
2/5

Easy — minimal documentation

Processing Time
Budget Trend
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How to Win

Insider tips, common pitfalls, and what successful applicants look like

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Insider Tip

This program pays for outside experts, not equipment: build the application around a consultant's written quote for a defined improvement project (for example a supply chain review, a food safety or quality system, or an IP strategy).

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Rejection Pitfalls 6

  • Business does not produce goods or services primarily for export
+5 more pitfalls
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Success Profile

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Evaluation Criteria

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What's in this Playbook

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Application Playbook

Step-by-step process, required documents, and expenses

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Application Steps

1 Talk to a Business Development Officer Innovation PEI encourages applicants to consult a Business Development Officer on whether the project suits this program or another one.

Required Documents 9

✓ History and description of the business
✓ Detailed financial statements for the previous two years (existing businesses)

Eligible Expenses 9

Ineligible Expenses 1

Intake Periods

Deadline Notes

Ineligible Organizations

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Funding Stack Strategy

Compatible programs, clawback risk, and combined funding potential

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Stacking partner data not yet available.

Combined Funding Potential See your total funding potential

Clawback Risk

Low Risk

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How Innovation PEI Strategic Improvement Assis... Compares

Side-by-side with similar programs

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