Up to 25% rebate of eligible salaries and wages for PEI companies engaged in development and/or commercialization of new products, processes, and services
Government of Prince Edward Island, Innovation PEI - Labour Rebate
Type of Funding
Wage/Internship Subsidy
Max Funding
N/A
Region
Provincial
Application Difficuty
Complex
Processing Time
Slow (A few months)
Province
Prince Edward Island
Industry
Business/Scientific and other professional services.
Funding Goals
RnD/Innovation/Develop a product or service.
Export products and/or services.
Export products and/or services.
Demographic
N/A
Incorporated
Yes
Contact
902-368-6300
innovation@gov.pe.ca
Apply For A Loan
Business location – Canada
Monthly Revenue – $10K +
Time in Business – 6 months +
Funds in 24 hours
$10,000 to $800,000
Details
Refundable labour rebate for development and/or commercialization of new products, processes in PEI. Will be sold primarily beyond the borders of PEI.
Eligibility
Businesses that have a permanent establishment in PEI and carry on the development of new or innovative products, processes, or services within a strategic industrial sector.