LaunchPad
Amount:
No Fixed Amount
Type of Program:
Grants, Incubator
Description:
LaunchPad PEI is a non-profit incubator managed by Innovation PEI that supports the growth of innovative companies in Prince Edward Island. LaunchPad PEI is a designated incubator for the Start-up Visa Program and engages a network of partners to offer access to a Business Development Office, office and/or laboratory space, and other services to assist local and immigrant entrepreneurs to overcome challenges in PEI.
Comments on Funding:
An eligible business may access support for eligible costs related to: offsetting operating costs, offering office rental incentive, or balancing financial risk (this list is representative, not exhaustive). No details concerning the amount are available.
When It Ends:
Ongoing
Deadline:
Rolling deadline
Eligibility:
The applicant must:
- be a new business starting in Prince Edward Island or an established business from outside the province intending to actively operate in Prince Edward Island,
- demonstrate the potential to create new jobs and wealth in Prince Edward Island,
- operate within one of these strategic sectors: advanced manufacturing and processing, aerospace and defense, bioscience, information and communications technology, renewable energy and clean technology, and first-of-its-kind exportable goods or services in other sectors may be considered such as: battery storage, financial technology (FinTech), healthcare technology, and biotechnology,
- not have a defaulted outstanding debt obligation on file in the Province’s Central Default Registry is ineligible for assistance from Innovation PEI.
Application Steps:
1
are encouraged to consult with an Innovation PEI Business Development Officer for guidance on the suitability of the project and the application process,
2
can apply through two streams:
- apply as a PEI Start-up by submitting a business plan to saconrad@gov.pe.ca
- apply as an immigrant entrepreneur at Start-Up Visa
Documentation Needed:
The applicant must submit:
- 1an outline of the history and a detailed description of the business,
- 2detailed Financial Statements for the previous two years, if an existing business,
- 3a completed business plan, if a new businesses,
- 4description of the proposed project or activity in relation to the products and/or services delivered by the business,
- 5a detailed description of the economic benefits to the organization and to Prince Edward Island,
- 6explanation of the business’s current market position and projected market, outlining any increases in market share,
- 7a list of all shareholders and key management personnel.
Other Things to Note:
No other details available.
Program Contact:
