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Pilot and Discovery Fund

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

Pilot and Discovery Application (MS Word)
Pilot and Discovery Application (PDF)

Innovation PEI is looking for new and existing businesses that are in the early stages of developing a new product, service or process to enhance and grow their operations. This is designed to provide early stage capital to accelerate the research and development phases of your project. Innovation PEI is interested in easing the financial burden of developing a prototype, alpha or beta, pilot scale production or other activity. Final products or services should display a high degree of innovation and have commercial or consumer interest in the final product.

Eligible Applicants

Applicants Must
  • Be from the private sector, industry associations, or academia (federal and provincial government departments, agencies, or crown corporations are not eligible).
  • Reside or be incorporated in Prince Edward Island.
  • Demonstrate capacity to meet project outcomes as evidenced through appropriate experience, education and training, or partnerships.
  • Be majority owners of their business or lead researchers on their project.

Eligible Expenditures

Approved projects are eligible for up to 50% to a maximum of $25,000 in funding for eligible project expenses. Eligible expenses include salaries, direct material, sub-contracting services, and equipment costs of up to $5,000. Indirect costs can total no more than 20% of direct costs. Ineligible costs include location related costs; rent, insurance, phone lines, internet charges, goodwill, property tax, and other taxes (this list is not exhaustive).

Eligible Projects

Proposed Projects must:

  • Involve early stage research, development and/or testing of a product, service or process.
  • Fit clearly within the strategic sectors of bioscience, value-added food, ICT, aerospace, professional services, manufacturing or advanced marine technologies.
  • Develop a product or service that demonstrates a high level of innovation, commercial viability, and market interest.
  • Disclose and address any potential ethical considerations regarding use of human subjects and testing, potential impact on the environment, information privacy, etc.
  • Outline the potential gain (or use) of any intellectual or material property.
  • Create a positive economic impact for the Province (jobs, economic spin-offs, etc.).

Other Considerations

  • Applications should not be dependent on an existing or ongoing project. If a project is cost-shared with another organization, the applicant should ensure compliance with all funding sources when establishing budgetary requirements for the project.
  • Applicants who have received previous government funding will have to provide additional information to clearly differentiate project activities and results.
  • Applicants may submit one application for each round of funding. If an applicant submits more than one application, all applications will be disqualified from the competition.
  • Applicants in arrears with any Government Department or Crown Corporation will be disqualified.
  • Provincial government employees are ineligible as applicants.

Project Assessment

Applications under the Pilot and Discovery Fund will be evaluated against a clear set of program criteria using information contained in the submitted application. Each proposal will be pre-reviewed by Innovation PEI; projects that are deemed ineligible will be removed from the competition. Notification of this withdrawal will be forwarded to the applicant(s). Applications will then move to the peer review committee. If, during the review process, a change to corporate structure or confirmation of a partner or financial contributor occurs, Innovation PEI may accept additional documents or information after the due date.

Applicants may suggest up to three (3) experts or professionals to evaluate the application in the peer review process. These reviewers must have expertise or experience in the corresponding field. Suggested reviewers should reside in Prince Edward Island or be willing to travel to Charlottetown without compensation. For a tentative review schedule, please see the timeline section below. Applicants may also identify individuals and/or organizations that they do not want to review their application.


The application questions outline the maximum number of pages or word count allowed for each section. The space allocation is based on a one sided 8.5" x 11" paper size and size 10 font. Charts, pictures or other elements must be included in the designated space provided. In order to ensure fairness amongst applicants, we will not permit responses that exceed the designated limits. Any response beyond the maximum allotment will be discarded before reviewing and scoring takes place. Proof of, or supporting documents, will be accepted as appendices and should be referenced in the main application.

Performance Monitoring

For each approved project, a letter of offer stating the terms and conditions of approval will be forwarded to the applicant or corporate contact. When accepted, the letter of offer shall constitute a contract between Innovation PEI and the applicant(s).

Should the project fail to comply with the terms and conditions of the contract or be discontinued, Innovation PEI may at its sole discretion:

  • Declare the applicant to be in non-performance (default) of the contract. 
  • Request the applicant to repay in full the incentive received.
  • Take necessary legal action to collect the incentive amount in full with interest.


 Call for Applications  N/A
 Intake Deadline  N/A
 Review Process  
 Assembly of Peer Review Committee  N/A
 Peer Review Committee Meeting  N/A
 Notification to Applicants  N/A


Pilot and Discovery Application (MS Word)
Pilot and Discovery Application (PDF)

Applications are no longer being accepted for 2016. Applications will not be accepted after the due date and extensions will not be considered. Applicants must submit one hard copy and one electronic copy of their submission to the address below.


Pilot and Discovery Fund Application

General Contact Information

Name : 
Heather Rossiter, MBA
Address : 
c/o Pilot and Discovery Fund, 94 Euston Street, PO Box 910
Charlottetown, PE
C1A 7L9
(902) 368-5125

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