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.

Demographic

N/A

Incorporated

Yes

Contact

902-368-6300
innovation@gov.pe.ca

Get A Fast Business Loan

Business location – Canada
Monthly Revenue – $10K +
Time in Business – 6 months +

Funds in 24 hours
$5,000 to $500,000
No hidden fees
No collateral
Applying doesn’t impact credit score

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.

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