Capital Acquisition Assistance PEI

Capital Acquisition Assistance supports Prince Edward Island businesses investing in technology, equipment, and infrastructure needed to grow their business and increase capacity and competitiveness. The program provides businesses with financial assistance to leverage other traditional and non-traditional financing and reduce risk. Value +The program provides up to 25 per cent of the eligible costs to a maximum of $25,000 assistance. +The combined project funding from all non-repayable government sources cannot exceed 75 per cent of eligible costs.

Deadline not available

$25,000

Funding

Fintech, Aerospace, Arts & Culture, Biotechnology, Clean Energy, Clean Tech, Manufacturing, Technology, Media, Med Tech, Community

For Profit

This grant is restricted to whole of Canada

This grant is age restricted from 18 to 100

To be an eligible applicant, a business must be located in Prince Edward Island and:

Be registered to do business and actively operating in Prince Edward Island;
Manufactures, processes, or develops goods or services primarily for export;
Operates within one of these strategic sectors:
Bioscience +Aerospace and defence +Advanced manufacturing and processing +Renewable energy and clean technology +Information and communications technology +Creative and cultural industries
First-of-its-kind exportable goods or services in other sectors may be considered

Eligible Activities

Eligible capital acquisitions may include machinery/equipment, renovations or leasehold improvements directly related to the establishment of a new business or the expansion of an existing business.