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GRANTPrince Edward Island

PEI Innovation Fund

Last verified: June 2026

Innovation PEI's Innovation Fund helps established PEI businesses refine and commercialize a product with export potential. It covers up to 50 percent of eligible non-recurring costs to a maximum of $50,000 per project, across a New Product stream and a Product Diversification stream. The product must be at a high technology readiness level and the business must operate in a strategic sector such as bioscience, ICT, or advanced manufacturing.

See if I qualifyOfficial page
Estimated value
Up to 50% of eligible costs, maximum $50,000 per project
Approval likelihood
Medium
Ready to apply score
75/100
Documents needed
4

Eligibility

  • Business types:incorporated, partnership
  • Industries:All industries
  • Provinces:Prince Edward Island
  • Requires export activity
  • Requires R&D activity

What you'll need

  • Business history and description
  • Financial statements for the previous two years (or a business plan for new businesses)
  • Detailed project description with cost estimates and quotes
  • List of shareholders and key management

How to apply

  1. 1Consult an Innovation PEI Business Development Officer
  2. 2Confirm the product is at TRL 6-9 and in a strategic sector
  3. 3Submit the Business Development Application before making any project commitment
Deadline:Rolling intake (once per product)

Is your business a fit for PEI Innovation Fund?

Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.

Check my eligibility

Related programs

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ACOA Business Development Program

Up to $50,000

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PEI Ignition Fund

Up to $25,000, no matching funds required

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PEI Seasonal Extension Tourism Product Development Fund

Up to $7,500 non-repayable per operator

A monthly digest

New programs, in your inbox.

We are in beta. Drop your email and we will write when the first digest is ready. Monthly cadence, easy unsubscribe.

Deductly CA

Every Canadian grant, tax credit, and deduction your business qualifies for. In one ranked list.

Start the assessment
Product
  • Eligibility quiz
  • All programs
  • Watch (live changes)
  • The funding journey
  • When to apply
  • Stackability map
  • Document checklist
  • Calculators
  • Tracker
  • Learn
  • Pricing
Resources
  • For accountants
  • Public API
  • RSS feed
  • What's new
  • Roadmap
  • Press
  • vs ChatGPT
  • vs Benefits Finder
By province
  • Ontario
  • British Columbia
  • Alberta
  • Quebec
  • Manitoba
  • Saskatchewan
By industry
  • Technology & Software
  • Manufacturing
  • Retail & E-commerce
  • Food & Beverage
  • Professional Services
  • Creative & Media
For
Women entrepreneursNewcomersIndigenous businessYouth foundersBlack entrepreneursFirst-hire employers
Recent guides
Deductions · 8 min

Every deduction Canadian small businesses miss

Grants · 10 min

8 grants every Canadian founder should know about

Deductions · 7 min

The Small Business Deduction, fully explained

© 2026 DeductlyPrivacyTermsAboutFrançaisContact
All systems operational

Deductly is a discovery tool, not a tax filer. Information is provided for educational purposes. Always confirm program details and eligibility with a qualified Canadian accountant before applying or claiming any benefit.