Administered by Government of Prince Edward Island · Last verified: July 2026
Innovation PEI's Ignition Fund is a competitive seed grant for entrepreneurs launching a new innovative venture or product on Prince Edward Island. Successful applicants receive up to $25,000 with no matching contribution required, which is unusually accessible for a government program. The product or service must be innovative and have strong export potential, and finalists pitch their idea to an evaluation committee.
Review times vary by program, from a few weeks to a few months, so check the official page for its timeline. Grant money is usually paid after you sign a funding agreement, and cost-shared programs often reimburse you once you send proof of what you spent.
Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.
Check my eligibilityPEI Ignition Fund is generally open to incorporated, self-employed, partnership businesses, in Prince Edward Island, under 3 years old, that export outside Canada. Confirm the full criteria on the official program page before applying.
The estimated value is Up to $25,000, no matching funds required. The actual amount depends on your eligible costs, the program's budget, and approval.
1. Confirm the project is committed to operating on PEI and has not received excluded supports 2. Prepare the application using the Ignition Fund Application Guide 3. Submit during the open call; finalists are invited to pitch
Competitive intakes (spring and fall); spring 2026 closed May 11, 2026.