Grant Provincial ✦ AI Apply available ● Open

Innovation Fund

Innovation PEI · Prince Edward Island

Funding amount

Up to $50,000 (50% of eligible costs)

Application difficulty

High

Typical timeline

10-14 weeks

How to apply

Online

📋 About this program

Helps businesses bring new products, services, or processes to market. Covers costs to refine and commercialize innovations with demonstrated export market potential.

✅ Who qualifies

Eligible sectors

TechnologyBioscienceAerospace DefenceAdvanced ManufacturingRenewable EnergyArts Culture

Eligible uses

Research DevelopmentExportExpansion

🚀 How to apply

Check your eligibility — Review the requirements above, or use FundNavigator's free AI matcher to confirm this program is a fit for your business before spending time on the application.
Prepare your documents — Common requirements include: Detailed innovation project proposal, Market analysis and commercialization strategy, Financial projections and project budget, Proof of prototype or pilot stage, Technical specifications.
Submit your application — Apply at the official portal →
Use AI to draft your application — FundNavigator's AI Apply feature generates a tailored draft for Innovation Fund based on your business profile. Saves 2–3 hours on the application.

💡 Tips & notes

Product/service must have demonstrated potential for uptake in export markets. Must be at Technology Readiness Level (TRL) 6-9 or equivalent. Targets strategic sectors: bioscience, aerospace & defence, advanced manufacturing & processing, renewable energy & clean technology, ICT, creative & cultural industries. Combined non-repayable government support cannot exceed 75% of eligible costs.

✦ Apply with AI — ~20 min Apply at official portal →

Not affiliated with Innovation PEI. Always verify eligibility directly with the funding body.

Program details

Status Open

Type Grant

Level Provincial

Amount Up to $50,000 (50% of eligible costs)

Administered by Innovation PEI

Application Online

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