Innovation PEI is focused on advancing economic development in Prince Edward Island by investing in people, innovation, and infrastructure. We are targeting key sectors that have displayed a high potential for economic growth within the Province. These sectors include aerospace, bioscience (including agriculture and fisheries), information technology, financial services and renewable energy. We strive to assist the rapid development of these sectors and others to drive our Island economy through innovative new products and services.
Our goal is to build a stronger Prince Edward Island by helping businesses create sustainable employment opportunities. In order to reach our objectives, a series of programs and services are available to promote:
- small business development
- business improvement & expansion
- employment creation
- research and innovation
- trade and market access
Business Development and Integration: Responsible for the coordination and delivery of information and assistance to new and existing local businesses in Prince Edward Island. The group provides counseling, financial assistance, business guidance, entrepreneur education and management development to assist businesses with start up, expansion and diversification.
Trade and Export Development: The mandate of the Trade division is to increase revenues generated from export sales and to assist Prince Edward Island companies in becoming export ready. The division provides training and support for market entry activities and market-specific information.
Prospecting and Innovation Programs: The Prospecting and Innovation Program division is responsible for growing the strategic sectors of aerospace, bioscience, information technology, financial services and renewable energy as well as attracting out of province business investment to Prince Edward Island. The division also manages innovation programs focused on encouraging innovation and new product development.
A prosperous Prince Edward Island must foster innovation and creativity. We reward excellence in business, while celebrating our heritage and respect for traditional values of fairness and transparency. We are constantly in collaboration with other funding agencies across the Province such as Skills PEI, Atlantic Canada Opportunities Agency and the NRC - Industrial Research Assistance Program to ensure our clients receive high quality assistance and co-operation from our government.
Board of Directors
Innovation PEI has a board of directors comprised of successful entrepreneurs and executives from a broad range of industries across Prince Edward Island, as well as the Deputy Minister of Innovation and Advanced Learning, the President of the University of Prince Edward Island, and the President of Holland College.
Representatives support the agency and the Department of Innovation and Advanced Learning by providing independent advice - leading to more informed decisions on a broad range of activities.