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Business Development

Innovation PEI's Business Development and Integration Division provides information and help to new and existing business in Prince Edward Island. For the start up, expansion and diversification, the division provides:

  • counselling
  • financial help
  • business guidance
  • entrepreneur education
  • professional development

See Programs and Services that support these initiatives.


 

Innovation PEI's experienced team of Business Development Professionals are located across the province to support

  • starting your business
  • expanding your business
  • improving productivity
  • increasing your productivity


Online provincial government information on planning, starting, managing and growing your business
can also be found at www.gov.pe.ca/business.


Canadian Youth Business Foundation

Futurepreneur Canada


The following program information is provided for information purposes and is not comprehensive or reflective of all Innovation PEI policies.  Not all projects meeting the minimum program criteria outlined will receive funding.  Please consult with an Innovation PEI staff member for guidance specific to your company's situation.

Innovation PEI is a proud community partner offering Futurpreneur Canada  services. Futurpreneur Canada is a national non-profit organization providing pre-launch expertise, business resources, start-up financing and mentoring to help you start and run your own successful business. If you are 18-39 years old and have a viable business idea, Futurpreneur can help!

Futurpreneur is dedicated to supporting you throughout your entrepreneurial journey. In partnership with the Business Development Bank of Canada (BDC), Futurpreneur Canada supports young entrepreneurs with up to $45,000 in financing, an expert business mentor for up to two years, and resources to help you plan, manage and grow your business.  Futurpreneur supports businesses of all kinds – skilled trades, technology, retail, services, and everything in between. Financing is based on character and a great business plan. Every entrepreneur is hand-matched with an experienced business mentor for a minimum of two years to allow knowledge sharing and to ensure a higher business success rate. Mentorship matches are available to all young entrepreneurs, including those who are not seeking Futurpreneur financing.

For more information contact:
Heather Rossiter, MBA
Business Development Officer
902-368-5125
HLROSSITER@gov.pe.ca


 

Business Skills Development


Innovation PEI works with business stakeholders to facilitate the delivery of training and educational opportunities such as:

 

  • Exploring business ideas
  • Marketing and sales
  • Human resource development
  • Financial management
  • Productivity


For additional training and skills development contact SkillsPEI



LaunchPad


The following program information is provided for information purposes and is not comprehensive and reflective of all Innovation PEI policies.  Not all projects meeting the minimum program criteria outlined will receive funding.  Please consult with an Innovation PEI staff member for guidance specific to your company's situation.

LaunchPad PEI was created to support eligible start-up companies or established companies from other jurisdictions that seek to set-up operations in Prince Edward Island. These companies must be building innovative products or services for the export market.

The goal of LaunchPad PEI is to improve new business success rates by offsetting operating costs of business and providing ongoing business counseling and other services that these new businesses need. LaunchPad PEI operates in each county; with spaces at the Holman Centre in Summerside and the Atlantic Technology Centre in Charlottetown and the Montague Business Development Centre. Other locations can be utilized as needed. 

Eligible applicants must demonstrate potential to create new jobs and wealth in the Province of Prince Edward Island, are working on a product with export potential, have market pull or interest and founders with the ability to reach these markets. Other eligibility criteria may apply.


Business Financing


Innovation PEI works in collaboration with Finance PEI, traditional financial institutions and other government agencies to identify available financial tools to help you start up, expand and enhance your business.


Finance PEI works with innovative and generally higher risk projects than that of the conventional lenders. By using a non-formula approach to lending, Finance PEI strives to maximize development opportunities for the province while balancing financial risk of the project with potential economic return.


















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