Island Prosperity Funding Programs
The Pilot and Discovery Fund supports early stage, proof-of-concept projects that will lead to the development of new products, services or processes in the strategic sectors. The Pilot and Discovery Fund will provide grants of up to $25,000 (or 50% of eligible expenses) associated with testing an innovation-based idea.
The Innovation PEI Graduate and Post-Doctoral Fellowship program is designed to support and develop highly skilled researchers in the strategic sectors. This support allows them to gain research experience on industry relevant projects while undertaking their graduate or post-doctoral programs.
The Development and Commercialization Fund will support Island-based businesses and researchers that have completed the prototype and pilot stage, have tested and developed a product and are prepared to move toward manufacturing or commercial scale production. The Development and Commercialization Fund will contribute a maximum of $100,000 (or 50% of eligible expenses) towards the completion of approved projects.