PEI Innovation Fund
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Eligibility & Details
What this program funds and who can apply
Program Description
Non-repayable grant covering up to 50% of eligible costs (max $50,000) for PEI companies refining and commercializing new products or adapting existing products for new markets. Targets bioscience, ICT, clean technology, advanced manufacturing, aerospace, and creative industries with export potential.
Eligibility Requirements
- For-profit business registered and operating in PEI
- Must export manufactured, processed, or developed products or services
- Must operate in a strategic sector: bioscience, aerospace, advanced manufacturing, renewable energy, ICT, or creative industries
- No defaulted debt with Province's Central Default Registry
Quick Assessment
Funding Details
- Amount
- Up to $50,000
- Type
- Grant
- Level
- Provincial
- Co-Funding
- Up to 50% of eligible costs
- Deadline
- Ongoing - no fixed deadline; apply before making any financial or legal commitment on the project
Program Scorecard
Competition, effort, and approval at a glance
Everything you need to win PEI Innovation Fund
Not a marketing summary. The actual checklist, intel, and stack strategy reviewers look for.
- 5-document checklist with what each reviewer is actually checking
- 6-step application timeline with prep hours per step
- Insider tip from program officers on what separates winners
- 4-program stacking strategy to combine with compatible funding
- Success profile + evaluation criteria — exactly what reviewers score on
How to Win
Insider tips, common pitfalls, and what successful applicants look like
Insider TipBook a consultation with an Innovation PEI Business Development Officer first — effectively mandatory pre-screening.
Success Profile
Evaluation Criteria
Application Playbook
Step-by-step process, required documents, and expenses
Application Steps
Required Documents 5
Eligible Expenses 9
Ineligible Expenses 8
Intake Periods
Deadline Notes
Ineligible Organizations
Applying for PEI Innovation Fund? Our Grant Proposal Template ($19) mirrors the section structure Canadian reviewers actually score on. Or get all 4 templates in the Founder Pack ($59 · saves $27) →
Funding Stack Strategy
Compatible programs, clawback risk, and combined funding potential
Compatible Programs
Clawback Risk
Low RiskHow PEI Innovation Fund Compares
Side-by-side with similar programs
| Program | Amount | Difficulty | Payment | Deadline |
|---|---|---|---|---|
| PEI Innovation Fund | Up to $50,000 | Moderate | Reimbursement | Ongoing - no fixed... |
| Canada Foundation for Innovation (CFI... | Up to 40% of eligible costs | Hard | Varies | 2027 competition open -... |
| Strategic Response Fund (formerly Str... | Minimum $10 million contribution | Hard | Mixed (Advance + Reimb.) | Ongoing — continuous... |
| CanExport SMEs | Up to $50,000 | Moderate | Mixed (Advance + Reimb.) | Applications accepted... |
| Innovative Solutions Canada | up to $150,000 | Hard | Milestone-Based | Challenge-specific — new... |
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Frequently Asked Questions
Quick answers to the questions founders most often ask about PEI Innovation Fund