Start/Grow Your Business
Small Business Expansion has become an important part of the diversifying economy in Prince Edward Island, Canada. The province enjoys a friendly business climate and a government committed to turning business ideas into successful business operations.
Innovation PEI's Business Development and Integration Division provides coordination and delivery of information and assistance to new and existing business in Prince Edward Island. Specifically, the division provides counselling, financial assistance, business guidance and entrepreneur education.
Business Advisory Services
Our experienced team of Business Development Professionals is ready to support your efforts to expand your business, improve productivity and increase your profitability.
Online provincial government information on planning, starting, managing and growing your business
can be found at www.gov.pe.ca/business
Canadian Youth Business Foundation
Innovation PEI is a proud community partner offering Canada Youth Business Foundation (CYBF) services. CYBF 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...CYBF can help!
CYBF is dedicated to supporting you throughout your entrepreneurial journey. They provide start-up financing of up to $15,000 for young entrepreneurs. Plus additional financing may be available through CYBF’s partnership with the Business Development Bank of Canada (BDC), where you can get up to an additional $30,000. CYBF supports businesses of all kinds – skilled trades, technology, retail, services, and everything in between. CYBF provides financing based on character and a great business plan. Plus, every entrepreneur is hand-matched with an experienced business mentor for a minimum of two years to allow knowledge sharing and ensure a higher business success rate.
Contact Allison Ramsay, your local CYBF community partner representation for more information.
We organize and/or facilitate the delivery of a series of training and educational opportunities each year to provide you with best practices in areas such as:
Evaluating the potential value of your innovative product idea
Marketing & Sales
Human Resource Development
Management & Operations
The purpose of the LaunchPad program is to support eligible start-up companies or established companies from other jurisdictions that seek to set-up operations in Prince Edward Island.
The goal of the LaunchPad program is to improve new business success rates by offsetting operating costs of business and providing ongoing business counseling, as required. The office space component of the program may be based in the Holman Centre in Summerside and the Atlantic Technology Centre in Charlottetown but is not limited to these locations.
Eligible applicants must demonstrate potential to create new jobs and wealth in the Province of Prince Edward Island. Other eligibility criteria may apply.
For more information and eligibility on the LaunchPad Program contact Innovation PEI.
The challenges and risks associated with business development are often most prevalent during the start-up and expansion phase. Innovation PEI is here to help.
We work with businesses and entrepreneurs to create jobs and build a stronger economy.
As a developmental lender, our Lending Services division works collaboratively with traditional financial institutions and other government agencies to administer a wide array of financial tools to help you start up, expand and modernize your business.
As a developmental lender, Finance PEI can work with innovative and generally higher risk projects than that of the conventional lenders. By utilizing a non-formula approach to lending, Finance PEI strives to maximize development opportunities for the province while balancing financial risk of the project with the projected economic return.
For more information, contact Finance PEI.