No Fixed Amount
Type of Program:
The Equity Investors Incentive provides new and expanding businesses in Prince Edward Island with a tool to encourage and attract private sector investment. The program provides a non-repayable incentive to investors to encourage investment in an approved Prince Edward Island-based investee business by increasing the return-on investment to investors.
Comments on Funding:
Funding is in the form of a direct rebate to investors (individuals or companies) and is calculated at up to 20 percent of the purchase price of the equity investment in the investee company. The maximum investors’ rebate for all eligible investors will not exceed $200,000 per approved investee company.
When It Ends:
An eligible investee company must:
Eligible investors include: any Canadian person, Canadian-controlled private corporation or other Canadian-controlled company that is at arm’s length to the investee company as defined under Section 251 of the Income Tax Act (Government of Canada).
must submit the online application form,
must accept the letter of offer forwarded to them which shall create a contract between Innovation PEI and the applicants.
No specific documentation has been identified.
Other Things to Note:
Equity Investor Incentive Guidelines will be available soon upon approval.